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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In April, there were 161 projects publicly invested by corporate venture capital companies. The total amount of investment in these projects reached 1.02 billion dollars. The project that received the largest financing was Monad, which raised $225 million in an investment round led by Paradigm.

This was followed by the Berachain project, which raised $100 million by organizing a Series B financing round.

Here are the 10 crypto projects and their cryptocurrency areas that received the most investments in April:

1. Monad – $225 million – Layer 1 / Layer 2
2. Berachain – $100 million – Tier 1 / Tier 2
3. Auradine – $80 million – Mining
4. Movement – ​​$38 million – Tier 1 / Tier 2
5. Burnt (XION) – $25 million – Tier 1 / Tier 2
6. Meso – $21 million – Tier 1 / Tier 2
7. Aligned Layer – $20 million – ZK
8. Phoenix – $20 million – DeFi
9. Puffer – $18 million – DeFi
10. Fjord Foundry – $15 million – Vehicle/Wallet

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The post The 10 Cryptocurrencies In Which Corporates Invested The Most In April appeared first on Coin Engineer.