{"id":99960,"date":"2024-11-18T21:05:36","date_gmt":"2024-11-19T01:05:36","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=99960"},"modified":"2024-11-18T21:06:54","modified_gmt":"2024-11-19T01:06:54","slug":"semler-scientific-buys-215-more-bitcoin","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/semler-scientific-buys-215-more-bitcoin\/","title":{"rendered":"Semler Scientific Buys 215 More Bitcoin\u00a0"},"content":{"rendered":"\n

The medical equipment manufacturer Semler Scientific has provided investors with an update on its Bitcoin holdings<\/a>.\u00a0<\/p>\n\n\n\n

\"Semler
Semler Scientific Buys 215 More Bitcoin\u00a0<\/figcaption><\/figure>\n\n\n\n

It currently has $114 million in Bitcoin. Semler paid $17.7 million, or $82,502 per Bitcoin, for 215 Bitcoin between November 6 and November 15. <\/p>\n\n\n\n

According to a press statement, the corporation currently has 1,273 Bitcoins, which were acquired for a total of $88.7 million, with an average price of $69,682 per Bitcoin. <\/p>\n\n\n\n

The current price of Bitcoin is $90,400 as of this writing. Semler stated in May that it had spent $40 million for 581 Bitcoin as its first acquisition under the new reserve strategy<\/a>. Its stock price at the time increased by 25% as a result of this acquisition.\u00a0<\/p>\n\n\n\n

Citing Bitcoin's distinct scarcity and durability, the company emphasized its potential as a safe haven and inflation hedge. <\/p>\n\n\n\n

ATM Offering<\/strong><\/h2>\n\n\n\n

Additionally, the business disclosed that it sold 505,544 shares under its Controlled Equity Offering arrangement with Cantor Fitzgerald in order to raise $21.5 million through an at-the-market offering\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>. <\/p>\n\n\n\n

Its Bitcoin purchases and other operating requirements are supported by this funding. Semler uses a metric known as BTC Yield to monitor the effectiveness of their Bitcoin strategy. <\/p>\n\n\n\n

According to the statement, BTC Yield<\/a> calculates variations in the proportion of the company's outstanding diluted shares to its Bitcoin holdings. <\/p>\n\n\n\n

Its Bitcoin Yield was 18.9% from October 1 to November 15, 2024, and 37.3% from July 1 to November 15, 2024. <\/p>\n\n\n\n

The business issued a warning, stating that BTC Yield should be considered as one component in evaluating its Bitcoin treasury strategy and is not a conventional financial metric.<\/p>\n","protected":false},"excerpt":{"rendered":"

The medical equipment manufacturer Semler Scientific has provided investors with an update on its Bitcoin holdings.\u00a0 It currently has $114 million in Bitcoin. Semler paid $17.7 million, or $82,502 per Bitcoin, for 215 Bitcoin between November 6 and November 15. According to a press statement, the corporation currently has 1,273 Bitcoins, which were acquired for […]<\/p>\n","protected":false},"author":43,"featured_media":99961,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[19123,11041,19880],"class_list":["post-99960","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin-holdings","tag-investment","tag-semler-scientific"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/croc_1731976729237.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/99960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=99960"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/99960\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/99961"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=99960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=99960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=99960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}