According to a January 23 press release, the company will secure these funds through a private convertible bond issuance, maturing in 2030. While part of the proceeds will be used for corporate activities, the majority will be allocated to purchasing Bitcoin (BTC).

The company’s Q4 2024 financial report, published on the same day, revealed that its Bitcoin investments have generated a $28.9 million paper profit. On January 13, Semler purchased an additional 237 BTC, bringing its total holdings to 2,321 BTC. With Bitcoin trading around $105,000, the company’s total BTC assets are valued at approximately $241 million.

Semler Focuses on Bitcoin

The company first bought Bitcoin in May 2023, following in the footsteps of public firms like MicroStrategy. After announcing its initial 581 BTC purchase on May 28, Semler’s stock surged 30%.

Semler Scientific CEO Doug Murphy-Chutorian stated, “We are excited to continue executing our Bitcoin treasury strategy.”

In November 2023, he reaffirmed that Semler Scientific remains fully committed to acquiring and holding Bitcoin.

Bitcoin Hits New All-Time Highs!

Bitcoin reached a record high of $109,000 just before U.S. President Donald Trump’s January 20 inauguration.

The company’s Q4 2024 financial projections estimate revenues between $12.1 million and $12.5 million, with operating income ranging from $3.4 million to $3.7 million.

Semler (SMLR) stock closed down 1.55% on January 23 and fell another 12% in after-hours trading, dropping to $53.75.

You Might Be Interested In: Elon Musk Shared, That Memecoin Flew: Up 500%!

MicroStrategy purchased more Bitcoin between January 13 and January 20, increasing its total holdings to 461,000 BTC, valued at $48 billion. This makes MicroStrategy the largest public company holding Bitcoin.

Semler Scientific currently ranks 13th among public companies in Bitcoin holdings.

More Companies Are Buying Bitcoin!

Alongside Semler Scientific, firms such as Hoth Therapeutics, Genius Group (AI developer), and Rumble (YouTube alternative) have also invested in Bitcoin. This treasury strategy was pioneered and popularized by MicroStrategy.

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Acquisition Details

Initially, MARA purchased 5,771 BTC at an average price of $95,395 per Bitcoin. It later added 703 BTC, completing the total acquisition of 6,474 BTC. Year-to-date, MARA’s per-share Bitcoin yield stands at 36.7%.

In addition to acquiring Bitcoin, the company repurchased a portion of its 2026 notes worth $200 million. MARA plans to use the remaining $160 million from the convertible debt raise to acquire more Bitcoin, capitalizing on price dips to enhance its treasury.

Following MicroStrategy’s Playbook

MARA’s strategy of leveraging convertible debt to acquire Bitcoin mirrors MicroStrategy’s approach. Since 2020, MicroStrategy has been issuing corporate debt to bolster its Bitcoin reserves. Recently, it issued $3 billion in zero-interest senior convertible notes, purchasing 55,000 BTC and increasing its total Bitcoin holdings to 386,700 BTC.

While this strategy highlights growing institutional interest in Bitcoin, it is not without risks. Critics argue that financing Bitcoin acquisitions through debt is a high-risk and unsustainable strategy, especially in the face of potential market downturns. However, both MARA and MicroStrategy aim to manage these risks by extending their repayment obligations into the long term, providing a buffer against short-term volatility.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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