Hold onto your wallets, folks! Semler Scientific Inc. (SMLR), the Nasdaq-listed healthcare tech firm, just went on a Bitcoin shopping spree, grabbing 187 more coins between June 4 and July 2. And guess what? They dropped almost $20 million. Like, who even spends that much on anything other than a new yacht or maybe a lifetime supply of avocado toast?
Semler Buys More Bitcoin: Because Why Not?
The company filed an update with the U.S. Securities and Exchange Commission (SEC) on Monday, revealing they spent a *whopping* average of $106,906 per Bitcoin. Yep, you read that right. That’s the cost of a small mansion, except it’s virtual. But hey, no one’s judging. It’s like they bought the Bitcoin equivalent of rare Beanie Babies in the 90s. (Maybe it’s a good investment? Who knows!)
How did they fund this Bitcoin binge, you ask? Oh, just their “at-the-market” stock offering launched back in April 2025. No biggie. By July 2, they sold 4,116,735 common shares and raked in a cool $156.6 million. Pocket change, right? SMLR investors must be sleeping on a bed of cash at this point.
And now, with this latest buy, Semler’s Bitcoin stash totals a hefty 4,636 coins. As of July 2, those holdings are worth around $508.4 million. That’s right, million with an “M.” Considering they spent $430 million to build this treasure chest, they’ve got a lot of virtual gold to stare at and wait for it to magically grow in value. (Because that always works, right?)
Semler’s Bitcoin strategy is so spicy, they’ve even got a fancy Key Performance Indicator (KPI) called the “BTC Yield.” It’s currently at a jaw-dropping 29% through July 2. If you’re thinking, “What does that mean?” don’t worry—you’re not alone. Semler describes it as a way for investors to track how well their Bitcoin plan is working. Basically, it’s like a scoreboard for “Will This Be the Next Big Thing?”
Oh, and let’s not forget their Q2 2025 estimates! Semler expects revenues to fall between $8.1 million and $8.3 million. Operating expenses? Between $10.1 million and $10.5 million. So, they’re *almost* breaking even. But wait, there’s more—Semler’s also sitting on a cool $90.5 million unrealized gain on their Bitcoin since March 31. It’s like watching your stocks grow… but better because it’s all in digital coins.
In the same SEC filing, they included some lovely disclaimers about how these numbers might change after the final reviews. But don’t worry, they’re all about transparency, which is why they’ve got a Bitcoin dashboard on their investor site. Talk about keeping everyone in the loop! 🎉
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2025-07-08 00:02