- Semler Scientific added 455 Bitcoin worth $50 million using funds from its stock sale program.
- The company now holds 4,264 Bitcoin with a total value of around $474 million as of May 22.
- Semler has acquired more Bitcoin since March than it did during the entire first quarter.
Semler Scientific has increased its Bitcoin assets with a $50 million purchase. The company acquired 455 Bitcoin between May 13 and May 22. The average purchase price was $109,801 per token, including fees and expenses.
The purchase saw the company’s total Bitcoin holding increase to 4,264 BTC. At the time, the price of Bitcoin was $91,471 per token, giving the company’s Bitcoin holdings a value of about $390 million. Semler Scientific revealed that their total market value for these holdings amounted to roughly $474.4 million by May 22. This suggests an unrealized profit of nearly $84 million.
Bitcoin Strategy Outpaces Previous Quarters
Before this latest purchase, the firm held 3,192 BTC valued at $263.5 million by the end of March. During the first quarter, Semler Scientific had added 894 BTC worth about $90.7 million. Between the end of Q1 and May 12, the firm acquired another 616 BTC for approximately $59.6 million.
The recent 455 BTC purchase brings the total added since March 31 to 1,071 BTC. This surpasses the company’s entire Bitcoin acquisition in the first quarter. Semler Scientific has intensified its digital asset strategy, continuing to use proceeds from its ATM offering program.
Stock Offerings Support Bitcoin Purchases
The company has funded these acquisitions through common stock offerings. By May 22, Semler Scientific had sold 3,003,488 shares. These offerings raised around $114.8 million. This capital supported the firm’s increased investment in Bitcoin.
Despite its core business in digital healthcare diagnostics, the company has maintained a strong focus on Bitcoin investments. Semler Scientific’s growing crypto exposure places it among several firms shifting towards digital assets.
Institutional Interest in Bitcoin Expands
Other companies have also continued increasing their Bitcoin exposure. H100 Group AB, a Swedish firm, purchased 4.39 BTC for approximately $475,000. This move marked its entry into Bitcoin treasury management.
Meanwhile, asset management firm Strive has shown interest in acquiring 75,000 distressed BTC from Mt. Gox. This would significantly raise its holdings. Strategy and Metaplanet also expanded their positions this week.
Strategy’s Bitcoin holdings now stand at about 576,230 BTC. Metaplanet holds around 7,800 BTC. Together, these firms have accumulated more than $800 million in Bitcoin in a single week.
Bitcoin ETFs Continue Bullish Trend
Bitcoin ETFs have also recorded positive momentum. Over the past nine days, they posted consistent inflows. On May 22, ETFs saw cash inflows totaling $934.74 million. These movements reflect rising institutional interest and confidence in Bitcoin’s market potential.
