Semler Scientific buys another 871 bitcoin for $88.5 million, bringing holdings to 3,192 BTC

Quick Take

  • As of Feb. 3, Semler holds a total of 3,192 BTC, worth approximately $320 million.
  • The latest acquisitions were made with proceeds from its January 2025 senior convertible notes offering.

Nasdaq-listed healthcare tech firm Semler Scientific acquired an additional 871 BTC for approximately $88.5 million at an average price of $101,616 per bitcoin between Jan. 11 and Feb. 3, according to an 8-K filing with the U.S. Securities and Exchange Commission on Tuesday.

Semler’s latest bitcoin purchases were made with proceeds generated from its January 2025 senior convertible notes offering and monetization of a portion of its minority investment in Monarch Medical Technologies, the firm said in a statement.

As of Feb. 3, Semler holds a total of 3,192 BTC, worth approximately $320 million, bought at an average price of $87,854 per bitcoin, for a total cost of around $280.4 million, including fees and expenses. Semler previously purchased 237 BTC for $23.3 million between Dec. 16, 2024 to Jan. 10.

"We are thrilled with the progress we are making in growing our bitcoin stockpile," Semler Scientific Chair Eric Semler said on Tuesday. "We were especially pleased with our successful convertible notes offering, which was substantially oversubscribed with investor demand. Additionally, we were pleased to have monetized a part of our investment in Monarch Medical in order to buy more bitcoin."

Semler Scientific’s shares are up 1.6% in early trading on Tuesday, according to TradingView.

MicroStrategy ends weekly bitcoin buying streak

On Monday, corporate bitcoin treasury pioneer MicroStrategy ended its latest bitcoin buying streak after 12 consecutive weeks of acquisitions, totaling approximately $20 billion.

The firm did not sell any shares of class A common stock under its at-the-market equity offering program, and did not purchase any bitcoin between Jan. 27 and Feb. 2, according to an 8-K filing.

The company's total bitcoin holdings remain at 471,107 BTC, worth over $47 billion. MicroStrategy’s total holdings were bought at an average price of $64,511 per bitcoin, a total cost of around $30.4 billion.


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About Author

James Hunt is a reporter at The Block and writer of The Daily newsletter, keeping you up to speed on the latest crypto news every weekday. Prior to joining The Block in 2022, James spent four years as a freelance writer in the industry, contributing to both publications and crypto project content. James’ coverage spans everything from Bitcoin and Ethereum to Layer 2 scaling solutions, avant-garde DeFi protocols, evolving DAO governance structures, trending NFTs and memecoins, regulatory landscapes, crypto company deals and the latest market updates. You can get in touch with James on Telegram or 𝕏 via @humanjets or email him at [email protected].

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