Semler Scientific® Announces Updated BTC & ATM Activity; Purchased Additional 111 BTC; Now Holds 3,303 BTC; YTD BTC Yield of 23.5%
Semler Scientific (NASDAQ: SMLR) has announced significant updates to its bitcoin (BTC) holdings and ATM equity offering activities. Between February 14 and April 24, 2025, the company acquired 111 bitcoins for $10.0 million at an average price of $90,124 per bitcoin. As of April 24, 2025, SMLR holds 3,303 bitcoins, acquired for $290.4 million at an average price of $87,929, with a current market value of $309.1 million.
The company has completed its initial ATM offering, raising approximately $126.0 million through the sale of 2,438,274 shares. A new ATM offering program for up to $500.0 million has been established, with 57,100 shares already sold for net proceeds of $2.0 million. SMLR reports a Bitcoin Yield (BTC Yield) of 23.5% YTD through April 24, 2025, which serves as a key performance indicator for assessing their bitcoin acquisition strategy's effectiveness.
Semler Scientific (NASDAQ: SMLR) ha annunciato aggiornamenti significativi riguardo alle sue partecipazioni in bitcoin (BTC) e alle attività di offerta azionaria tramite ATM. Tra il 14 febbraio e il 24 aprile 2025, la società ha acquisito 111 bitcoin per un totale di 10,0 milioni di dollari, con un prezzo medio di 90.124 dollari per bitcoin. Al 24 aprile 2025, SMLR detiene 3.303 bitcoin, acquistati per 290,4 milioni di dollari a un prezzo medio di 87.929 dollari, con un valore di mercato attuale di 309,1 milioni di dollari.
La società ha completato la sua offerta iniziale tramite ATM, raccogliendo circa 126,0 milioni di dollari dalla vendita di 2.438.274 azioni. È stato istituito un nuovo programma di offerta ATM fino a 500,0 milioni di dollari, con 57.100 azioni già vendute per un ricavo netto di 2,0 milioni di dollari. SMLR riporta un rendimento Bitcoin (BTC Yield) del 23,5% da inizio anno fino al 24 aprile 2025, indicatore chiave per valutare l’efficacia della loro strategia di acquisizione di bitcoin.
Semler Scientific (NASDAQ: SMLR) ha anunciado actualizaciones significativas sobre sus tenencias de bitcoin (BTC) y las actividades de oferta de acciones a través de ATM. Entre el 14 de febrero y el 24 de abril de 2025, la compañía adquirió 111 bitcoins por 10,0 millones de dólares, a un precio promedio de 90.124 dólares por bitcoin. Al 24 de abril de 2025, SMLR posee 3.303 bitcoins, adquiridos por 290,4 millones de dólares a un precio promedio de 87.929 dólares, con un valor de mercado actual de 309,1 millones de dólares.
La empresa ha completado su oferta inicial a través de ATM, recaudando aproximadamente 126,0 millones de dólares mediante la venta de 2.438.274 acciones. Se ha establecido un nuevo programa de oferta ATM por hasta 500,0 millones de dólares, con 57.100 acciones ya vendidas por ingresos netos de 2,0 millones de dólares. SMLR reporta un rendimiento de Bitcoin (BTC Yield) del 23,5% en lo que va del año hasta el 24 de abril de 2025, que sirve como un indicador clave para evaluar la efectividad de su estrategia de adquisición de bitcoin.
Semler Scientific (NASDAQ: SMLR)는 비트코인(BTC) 보유 현황 및 ATM 주식 공모 활동에 대한 중요한 업데이트를 발표했습니다. 2025년 2월 14일부터 4월 24일까지 회사는 111 비트코인을 총 1,000만 달러에 매입했으며, 비트코인당 평균 가격은 90,124달러였습니다. 2025년 4월 24일 기준으로 SMLR은 총 3,303 비트코인을 보유하고 있으며, 총 매입가는 2억 9,040만 달러, 평균 매입가는 비트코인당 87,929달러, 현재 시장 가치는 3억 910만 달러입니다.
회사는 초기 ATM 공모를 완료하여 2,438,274주를 판매해 약 1억 2,600만 달러를 조달했습니다. 최대 5억 달러 규모의 새로운 ATM 공모 프로그램이 설립되었으며, 이미 57,100주가 판매되어 순수익 200만 달러를 기록했습니다. SMLR은 2025년 4월 24일까지 연초 대비 비트코인 수익률(BTC Yield)이 23.5%라고 보고했으며, 이는 비트코인 매입 전략의 효과를 평가하는 주요 성과 지표입니다.
Semler Scientific (NASDAQ : SMLR) a annoncé des mises à jour importantes concernant ses avoirs en bitcoin (BTC) et ses activités d’offre d’actions via ATM. Entre le 14 février et le 24 avril 2025, la société a acquis 111 bitcoins pour 10,0 millions de dollars, à un prix moyen de 90 124 dollars par bitcoin. Au 24 avril 2025, SMLR détient 3 303 bitcoins, acquis pour 290,4 millions de dollars à un prix moyen de 87 929 dollars, avec une valeur marchande actuelle de 309,1 millions de dollars.
La société a finalisé son offre initiale via ATM, levant environ 126,0 millions de dollars grâce à la vente de 2 438 274 actions. Un nouveau programme d’offre ATM pouvant atteindre 500,0 millions de dollars a été mis en place, avec 57 100 actions déjà vendues pour un produit net de 2,0 millions de dollars. SMLR rapporte un rendement Bitcoin (BTC Yield) de 23,5 % depuis le début de l’année jusqu’au 24 avril 2025, indicateur clé pour évaluer l’efficacité de leur stratégie d’acquisition de bitcoins.
Semler Scientific (NASDAQ: SMLR) hat bedeutende Aktualisierungen zu seinen Bitcoin (BTC)-Beständen und Aktivitäten im Rahmen von Aktienangeboten über ATM bekanntgegeben. Zwischen dem 14. Februar und dem 24. April 2025 erwarb das Unternehmen 111 Bitcoins für 10,0 Millionen US-Dollar zu einem durchschnittlichen Preis von 90.124 US-Dollar pro Bitcoin. Zum 24. April 2025 hält SMLR 3.303 Bitcoins, die für 290,4 Millionen US-Dollar zu einem Durchschnittspreis von 87.929 US-Dollar erworben wurden, mit einem aktuellen Marktwert von 309,1 Millionen US-Dollar.
Das Unternehmen hat sein erstes ATM-Angebot abgeschlossen und dabei rund 126,0 Millionen US-Dollar durch den Verkauf von 2.438.274 Aktien eingenommen. Ein neues ATM-Angebotsprogramm bis zu 500,0 Millionen US-Dollar wurde eingerichtet, wobei bereits 57.100 Aktien für einen Nettobetrag von 2,0 Millionen US-Dollar verkauft wurden. SMLR berichtet eine Bitcoin-Rendite (BTC Yield) von 23,5 % im Jahresverlauf bis zum 24. April 2025, was als wichtiger Leistungsindikator zur Bewertung der Effektivität ihrer Bitcoin-Ankaufsstrategie dient.
- Bitcoin holdings value increased to $309.1M, showing appreciation from $290.4M acquisition cost
- Strong BTC Yield performance of 23.5% YTD
- Successful completion of initial $126M ATM offering
- New larger $500M ATM offering program established
- Significant share dilution through ATM offerings
- Recent bitcoin purchases at higher average price ($90,124) compared to overall average ($87,929)
- Increased exposure to volatile cryptocurrency market
Insights
Semler Scientific purchased 111 more bitcoins, now holds 3,303 BTC worth $309.1M, and established a new $500M ATM offering program.
Semler Scientific has significantly expanded its bitcoin treasury strategy, acquiring an additional
The company has been funding these bitcoin purchases through a combination of operational cash flow and equity issuance. Their initial ATM offering has raised approximately
Semler has introduced "BTC Yield" as a proprietary key performance indicator, reporting
The scale of their bitcoin position relative to their healthcare technology business represents a substantial allocation of capital to cryptocurrency. Investors should carefully consider both the potential benefits of bitcoin exposure and the dilutive effects of the equity offerings used to fund these purchases.
Healthcare company Semler now holds $309.1M in bitcoin (3,303 BTC), using ATM offerings to fund purchases while tracking performance via custom BTC Yield metric.
Semler Scientific continues its notable bitcoin accumulation strategy with the purchase of 111 additional bitcoins at an average cost of
The company is employing a unique approach by utilizing at-the-market (ATM) equity offerings to fund bitcoin acquisitions. After completing most of their initial
To measure the effectiveness of this strategy, Semler has created a proprietary metric called "BTC Yield," reporting
What makes Semler's approach particularly distinctive is that they're a healthcare technology company implementing this bitcoin treasury strategy rather than a pure-play bitcoin company. This creates an unusual investment profile where shareholders gain exposure to both healthcare technology operations and a significant bitcoin position, with the company serving as the intermediary for bitcoin acquisition.
BTC Update
Between February 14, 2025 and April 24, 2025, Semler Scientific acquired 111 bitcoins for
ATM Offering Program
Semler Scientific entered into a Controlled Equity OfferingSM Sales Agreement (the initial Sales Agreement) with Cantor Fitzgerald & Co., pursuant to which could issue and sell from time to time up to
On April 15, 2025, Semler Scientific entered into a new Controlled Equity OfferingSM Sales Agreement (the new Sales Agreement) with Barclays Capital Inc., Cantor Fitzgerald & Co., Canaccord Genuity LLC, Needham & Company, LLC, Craig-Hallum Capital Group LLC and Lake Street Capital Markets, LLC pursuant to which it may issue and sell from time to time up to
BTC Yield as a Key Performance Indicator (KPI)
Semler Scientific's BTC Yield was
BTC Yield and Basic and Assumed Diluted Shares Outstanding
12/31/2024 | 4/24/2025 | |
Total Bitcoin Holdings | 2,298 | 3,303 |
Basic Shares Outstanding ('000) | 9,557 | 9,854 |
2030 Convertible Shares with Capped Calls | 934 | |
Options Outstanding | 691 | 1,140 |
Assumed Diluted Shares Outstanding (1) | 10,248 | 11,928 |
BTC Yield % (YTD) | 23.5 % |
(1) | Assumed Diluted Shares Outstanding refers to the aggregate of Semler Scientific's Basic Shares outstanding as of the end of each period plus all the additional shares that would result from the assumed conversion of all outstanding convertible notes and related capped calls, and exercise of all outstanding stock option awards. Assumed Diluted Shares Outstanding is not calculated using the treasury method and does not take into account any vesting conditions (in the case of equity awards), the exercise price of any stock option awards or any contractual conditions limiting convertibility of outstanding convertible notes or settlement of capped calls. |
Important Information about BTC Yield KPI
BTC Yield is a KPI that represents the percentage change period-to-period of the ratio between Semler Scientific's bitcoin holdings and its Assumed Diluted Shares Outstanding. Assumed Diluted Shares Outstanding refers to the aggregate of Semler Scientific's actual shares of common stock outstanding as of the end of each period plus all additional shares that would result from the assumed conversion of all outstanding convertible notes and exercise of all outstanding stock option awards. Assumed Diluted Shares Outstanding is not calculated using the treasury method and does not take into account any vesting conditions (in the case of equity awards), the exercise price of any stock option awards or any contractual conditions limiting convertibility of outstanding convertible notes or settlement of capped calls.
Semler Scientific uses BTC Yield as a KPI to help assess the performance of its strategy of acquiring bitcoin in a manner Semler Scientific believes is accretive to stockholders. Semler Scientific believes this KPI can be used to supplement an investor's understanding of its decision to fund the purchase of bitcoin by issuing additional shares of its common stock. When Semler Scientific uses this KPI, management also takes into account the various limitations of this metric, including that it assumes the outstanding convertible notes will be converted into shares of common stock and the capped calls will be settled in accordance with their respective terms.
Additionally, this KPI is not, and should not be understood as, an operating performance measure or a financial or liquidity measure. In particular, BTC Yield is not equivalent to a "yield" in the traditional financial context. It is not a measure of the return on investment Semler Scientific's stockholders may have achieved historically or can achieve in the future by purchasing stock of Semler Scientific, or a measure of income generated by Semler Scientific's operations or its bitcoin holdings, return on investment on its bitcoin holdings, or any other similar financial measure of the performance of its business or assets.
The trading price of Semler Scientific's common stock is informed by numerous factors in addition to the amount of bitcoins Semler Scientific holds and number of actual or potential shares of its stock outstanding. As a result, the market value of Semler Scientific's shares may trade at a discount or a premium relative to the market value of the bitcoin Semler Scientific holds. BTC Yield is not indicative nor predictive of the trading price of Semler Scientific's shares of common stock. As noted above, this KPI is narrow in its purpose and is used by management to assist in assessing whether Semler Scientific is using equity capital in a manner accretive to stockholders solely as it pertains to its bitcoin holdings.
In calculating this KPI, Semler Scientific does not take into account the source of capital used for the acquisition of its bitcoin. Semler Scientific notes in particular, it has acquired bitcoin using cash flow from operations, proceeds from the sale of shares in its ATM offering, as well as from the offering of convertible notes, which at the time of issuance and including the capped calls had, and may from time-to-time thereafter have, conversion prices above the current trading prices of Semler Scientific's common stock, or as to which the holders of such convertible notes may not then be entitled to exercise the conversion rights of the notes. Conversely, if Semler Scientific's convertible notes mature or are redeemed without being converted into common stock, Semler Scientific may be required to sell shares in quantities greater than the shares such convertible notes and related capped calls are convertible into or generate cash proceeds from the sale of bitcoin, either of which would have the effect of decreasing the BTC Yield due to changes in Semler Scientific's bitcoin holdings and shares in ways that were not contemplated by the assumptions in calculating BTC Yield. Accordingly, this metric might overstate or understate the accretive nature of Semler Scientific's use of capital to buy bitcoin because not all bitcoin may be acquired using proceeds of equity and convertible debt offerings and not all issuances of equity may involve the acquisition of bitcoin.
Semler Scientific's ability to achieve positive BTC Yield may depend on a variety of factors, including its ability to generate cash from operations in excess of its fixed charges and other expenses, as well as factors outside of its control, such as the availability of debt and equity financing on favorable terms. Past performance is not indicative of future results.
Semler Scientific has historically not paid dividends on its shares of common stock, and by presenting this KPI, Semler Scientific makes no suggestion that it intends to do so in the future. Ownership of common stock does not represent an ownership interest in the bitcoin Semler Scientific holds.
Investors should rely on the financial statements and other disclosures contained in Semler Scientific's filings with the Securities and Exchange Commission (SEC). This KPI is merely a supplement, not a substitute. It should be used only by sophisticated investors who understand its limited purpose and many limitations.
Forward-Looking Statements
This press release contains "forward-looking" statements. Such statements can be identified by, among other things, the use of forward-looking language such as the words "believe," "goal," "may," "will," "intend," "expect," "anticipate," "estimate," "project," "would," "could" or words with similar meaning or the negatives of these terms or by the discussion of strategy or intentions. The forward-looking statements in this release include statements regarding acquiring and holding bitcoin; its BTC yield; and other express or implied statements regarding the ATM offering and its healthcare business. Such forward-looking statements are subject to a number of risks and uncertainties that could cause Semler Scientific's actual results to differ materially from those discussed here, such as risks inherent with settlement of government investigations and negotiating terms with multiple parties; risks related to borrowing funds, including changing interest rates and credit markets and volatility in bitcoin; investing in bitcoin, including bitcoin's volatility; risk of implementing a bitcoin treasury strategy; risks of indebtedness from the recent convertible notes offering; risks of settlement with counterparties of the capped calls; along with those other risks related to its healthcare business and the risk factors detailed in Semler Scientific's filings with the SEC. These forward-looking statements involve assumptions, estimates, and uncertainties that reflect current internal projections, expectations or beliefs. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. All forward-looking statements contained in this press release are qualified in their entirety by these cautionary statements and the risk factors described above. Furthermore, all such statements are made as of the date of this press release and Semler Scientific assumes no obligation to update or revise these statements unless otherwise required by law.
No Offer or Solicitation
This press release does not and shall not constitute an offer to sell or a solicitation of an offer to buy any securities of Semler Scientific, nor shall there be any offer, solicitation or sale of such securities, in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Semler Scientific, Inc.:
Semler Scientific, Inc. is a pioneer in developing and marketing technology products and services to assist its customers in evaluating and treating chronic diseases. Its flagship product, QuantaFlo®, which is patented and cleared by the
INVESTOR CONTACT:
Renae Cormier
Chief Financial Officer
ir@semlerscientific.com
SOURCE: Semler Scientific, Inc.
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SOURCE Semler Scientific, Inc.
FAQ
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