Semler Scientific Added 215 Bitcoin to Holdings, Bringing Stack to 1,273 BTC

• Semler Scientific purchased 215 BTC for $17.7 million, or an average price of $82,502 per bitcoin.

• Semler achieved a “BTC Yield” of 37.3% since adopting the new treasury strategy.

• The company’s Monday morning announcement continues a flurry of corporate bitcoin purchase disclosures.

Disclaimer: The analyst who wrote this piece owns shares of Semler Scientific(SMLR).

Semler Scientific (SMLR) has brought its bitcoin (BTC) holdings up to 1,273 tokens worth about $114 million at bitcoin’s current price just shy of $90,000

The company Monday morning announced the acquisition of 215 bitcoin for $17.7 million over the ten days ending Nov. 15. That works out to an average price of $82,502 per BTC. This purchase was at least in part funded by share sales under SMLR’s at-the-market program, which to date have totaled $21.5 million.

Semler’s total holdings of 1,273 BTC were purchased for $88.7 million, or an average price of $69,682 per bitcoin.

The company has now adopted “Bitcoin Yield” as a key performance indicator (KPI). Developed by Michael Saylor’s MicroStrategy (MSTR) — the holder of more than 300,000 bitcoin — Bitcoin Yield describes how well a company does in acquiring bitcoin in an accretive manner to shareholders.

“We have achieved a BTC Yield of 37.3% since adopting our bitcoin treasury strategy in the second quarter of this year,” said Eric Semler, chairman of Semler Scientific. “We believe this demonstrates substantial bitcoin accretion for our stakeholders.”