The world of corporate bitcoin adoption continues to expand as major US medical company Semler Scientific announced the purchase of 237 additional bitcoins. This strategic acquisition, amounting to $23.3 million, increases Semler’s total bitcoin holdings to an impressive 2,321 BTC.
Semler Scientific Solidifies Bitcoin Position
Between December 16, 2024 and January 10, 2025, Semler Scientific strategically acquired 237 BTC at an average price of $98,267 per bitcoin. The company utilized proceeds from an at-the-market (ATM) equity offering and its operational cash flow to fund this substantial purchase, taking a page out of MicroStrategy’s playbook.
A Growing Bitcoin Treasury
With this latest acquisition, Semler Scientific now holds a total of 2,321 bitcoins purchased at an aggregate cost of $192 million, equating to an average price of $82,687 per BTC. The current market value of their bitcoin holdings is approximately $221 million, showcasing the potential profitability of this investment strategy.
Climbing the Corporate Bitcoin Ladder
Semler Scientific’s bold move has propelled the company to the 13th spot on the list of top corporate bitcoin holders, according to Bitcoin Treasuries. While still far behind industry leader MicroStrategy, which holds over 450,000 BTC, Semler’s bitcoin reserves have doubled since September 2024.
As of January 2025, Semler Scientific holds 2,321 BTC acquired at an average price of $82,687, with a current market value of approximately $221 million.
The Future of Corporate Bitcoin Adoption
Semler Scientific’s commitment to increasing its bitcoin holdings demonstrates a growing trend among corporations seeking to diversify their treasuries and hedge against economic uncertainty. As the price of bitcoin continues to hover around $95,000, it remains to be seen whether this strategy will prove successful in the long run, especially once the current bull market comes to an end.
Key Takeaways
- Semler Scientific acquired 237 BTC for $23.3 million, increasing total holdings to 2,321 BTC
- The company is now the 13th largest corporate bitcoin holder
- Corporate bitcoin adoption continues to grow as companies diversify treasuries
As more companies like Semler Scientific embrace bitcoin as a treasury asset, the landscape of corporate finance is evolving. The long-term viability of this strategy will be put to the test as market conditions change, but for now, the trend of corporate bitcoin adoption shows no signs of slowing down.