Quick Highlights:
- Semler Scientific buys 455 BTC for $50 million at an average price of $109,801/BTC
- Total holdings now stand at 4,264 BTC, worth approximately $474.4 million
- Funded through equity offering—$114.8 million raised so far under a $500M program
- Average BTC cost now $91,471 per coin, total investment: $390 million
- Bitcoin Yield up 25.8% YTD, says Chairman Eric Semler
- Facing legal investigation from DOJ and Bragar Eagel & Squire law firm
A Bold Bitcoin Bet
Semler Scientific, a Nasdaq-listed healthcare tech firm, has made yet another massive investment in Bitcoin. According to a May 23 SEC filing, the company purchased an additional 455 BTC for $50 million between May 13 and May 22. This latest buy brings their total Bitcoin holdings to 4,264 BTC, valued at around $474.4 million.
The purchase was funded through proceeds from an ongoing at-the-market equity offering launched in April 2025. To date, the company has raised $114.8 million through this program by issuing over 3 million shares.
This move is part of a broader strategy that began in May 2024 when Semler adopted a Bitcoin-focused treasury policy.
Chairman Speaks: A Transparent Metric for Investors
Eric Semler, Chairman of Semler Scientific, emphasized the company’s commitment to Bitcoin, noting a 25.8% year-to-date increase in their Bitcoin Yield, a performance metric tracking Bitcoin growth per diluted share.
“Bitcoin Yield is our transparent way of evaluating performance and adding shareholder value,” said Semler.
Rising Crypto, Rising Pressure
Despite the bullish crypto strategy, Semler is facing intensifying legal scrutiny. U.S. law firm Bragar Eagel & Squire has launched an investigation into potential securities law violations, inviting shareholders who’ve experienced losses to come forward.
This follows earlier revelations of a Department of Justice (DOJ) probe related to reimbursement practices involving Semler’s QuantaFlo diagnostic device. The investigation dates back to 2017, with multiple follow-ups, and a recent settlement attempt has failed.
Conclusion: High Stakes, High Conviction
While Bitcoin continues to rally, so does Semler’s confidence in its long-term value. However, the company’s legal challenges could complicate its bullish stance. For now, Semler remains one of the few healthcare firms boldly intertwining digital assets with corporate finance—an unusual but noteworthy strategy in today’s volatile market.