Semler Scientific Buys $88M in Bitcoin, Reports 150% Paper Gain
2025-02-05
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Healthcare technology firm Semler Scientific has expanded its Bitcoin holdings, acquiring 871 BTC for $88.5 million over the past few weeks.
According to a , Semler purchased Bitcoin between Jan. 11 and Feb. 3 at an average price of $101,616 per BTC.
The firm’s Bitcoin treasury strategy, which began last year, has yielded a 152% return since July 1. So far in 2024, it has recorded a 22% gain.Semler Holds 3,192 BTC
As of Feb. 3, Semler holds 3,192 BTC, acquired at a total cost of $280 million, with an average price of $87,854 per coin.
At current market prices, its Bitcoin holdings are valued at approximately $313 million.
The company funded its Bitcoin purchases through a senior convertible notes offering and the partial monetization of its minority stake in Monarch Medical Technologies.
On Jan. 23, Semler announced plans to raise $75 million through a private offering of convertible senior notes to further its Bitcoin strategy.
Semler Scientific chairman Eric Semler expressed confidence in the company’s Bitcoin approach, stating, “We are thrilled with the progress we are making in growing our Bitcoin stockpile.”
He also highlighted the strategic decision to leverage its Monarch Medical investment to increase Bitcoin acquisitions.
With its latest purchases, Semler now ranks as the 10th-largest corporate holder of Bitcoin, according to Bitcoin Treasuries.
Semler leapfrogs 8 companies up to 58 on the Bitcoin Top 250 Rankings with this massive purchase 🔶🚀 — bitcoinrankings (@bitcoinrankings) 
The company remains committed to its Bitcoin-focused strategy, with CEO Doug Murphy-Chutorian previously affirming that Semler is “laser-focused” on accumulating BTC.
Meanwhile, MicroStrategy, the world’s largest corporate Bitcoin holder, has temporarily paused new acquisitions, maintaining its 471,107 BTC stash, currently valued at around $46 billion.U.S. States On Verge of Adopting Bitcoin Reserve
Just recently, an Ohio state senator introduced a second bill aimed at creating a Bitcoin reserve fund, positioning the state as a leader in cryptocurrency adoption.
The proposed legislation would allow the state treasurer to invest public funds exclusively in Bitcoin (BTC) to establish an “Ohio Bitcoin Reserve Fund.”
Previously, New Hampshire and North Dakota introduced legislation to establish strategic Bitcoin reserves, marking a growing trend among U.S. states to diversify their treasuries with cryptocurrency.
Likewise, on 12 December 2024, Texas Representative Giovanni Capriglione introduced the Texas Strategic Bitcoin Reserve Act, which proposes that the state comptroller hold Bitcoin as a reserve asset for at least five years.
Pennsylvania took a similar step in November, with Representative Mike Cabell proposing a bill to allow its treasury to allocate up to 10% of its balance sheet in Bitcoin, citing the asset’s potential to hedge against economic uncertainty.