{"id":129905,"date":"2025-05-23T23:19:13","date_gmt":"2025-05-23T23:19:13","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=129905"},"modified":"2025-05-23T23:19:13","modified_gmt":"2025-05-23T23:19:13","slug":"semler-scientific-boosts-btc-holdings-with-50m-purchase","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=129905","title":{"rendered":"Semler Scientific boosts BTC holdings with $50M purchase"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsSemler Scientific, a medical device company, purchased of $50 million worth of Bitcoin between May 13 and May 22, bringing the market value of the company\u2019s Bitcoin (BTC) holdings to $474.4 million, keeping it within the top 13 of BTC Treasury companies.<br \/>\nAccording to a May 23 disclosure, Semler bought a total of 455 BTC for an average purchase price of $109,801. To buy the Bitcoin, Semler Scientific used proceeds from an at-the-market stock offering program. So far, the company has sold roughly 3 million shares of common stock for net proceeds of $115 million.<br \/>\nSemler Scientific\u2019s shares have fallen 1.36% on the same day as the disclosure, though the decrease in its share price is largely in line with the Nasdaq\u2019s performance. That index, which follows top tech stocks, is down 1% on the day.<br \/>\nSemler Scientific share price. Source: Google FinanceIn its Q1 2025 earnings report released on May 13, the company revealed a 44% drop in revenue year-over-year. Despite the claimed success of its Bitcoin treasury plan, Semler Scientific\u2019s shares have dropped 18% in 2025, according to Google Finance.<br \/>\nBitcoin treasury companies, or companies that traditionally sell equity or issue debt to buy BTC, had been drawing the interest of investors looking for exposure to Bitcoin price fluctuations.<br \/>\nMichael Saylor&#8217;s Strategy debuted its BTC reserve in August 2020, when it started purchasing Bitcoin. Bitcoin is up 181.6% year to date, while Semler Scientific shares rose 53% since announcing the BTC approach in May 2024.<br \/>\nMagazine: ZK-proofs are bringing smart contracts to Bitcoin \u2014 BitcoinOS and Starknet<a href=\"https:\/\/cointelegraph.com\/news\/semler-scientific-buys-50m-worth-bitcoin?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsSemler Scientific, a medical device company, purchased of $50 million worth of Bitcoin between May 13 and May 22, bringing the market value of the company\u2019s Bitcoin (BTC)&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129905"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129905"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129905\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129905"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}