Bitcoin (BTC) News: SMLR Adds to Stack
Semler Scientific (SMLR) continues its bitcoin
acquisition strategy, purchasing 185 BTC for $20 million, or an average purchase price of $107,974 each, in the ten days ended June 3.This latest investment brings the company's total holdings to 4,449 BTC, valued at approximately $467 million based on bitcoin's current price just above $105,000. The company’s bitcoin portfolio was acquired at an average cost of $92,158 per coin and a total cost of $410 million.
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This and other recent purchases were funded by the company's $500 million April 15 common stock at-the-market issuance program. As of June 3, Semler had sold 3.5 million shares, raising $136.2 million.
Semler's so-called BTC yield is now 26.7% year-to-date.
Shares are little-changed in premarket action but remain lower by 35% in 2025.
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