Semler Scientific wants to buy another 75 million dollars of Bitcoin

Yesterday, Eric Semler announced a private bond offering aimed at purchasing more Bitcoin.

In total, they would like to raise 75 million dollars to increase their holdings in BTC. 

The company Semler Scientific

Eric Semler is the founder and president of Semler Scientific.

Semler Scientific is a U.S. company that operates in the healthcare sector, and that develops, produces, and markets products and services that support the early diagnosis and treatment of chronic diseases.

The company was founded in 2007, and since 2014 it has been listed on the Nasdaq stock exchange with the ticker SMLR.

Its market capitalization is 566 million dollars. 

On January 13, Semler Scientific had already purchased 237 BTC, bringing the total of Bitcoin held to 2,321, with a current total value exceeding 240 million dollars. On January 23, the company stated that its holdings in Bitcoin have already produced an unrealized gain of 28.9 million dollars.

Semler Scientific on the Stock Exchange

Il titolo SMLR debuted on the Nasdaq in 2014, at a price slightly below $7.

Until 2017, it had not recorded particularly significant movements, but starting from May 2018, it experienced a true bullrun that in just over a year took it above $50.

The really curious thing is that at that point, after a period of lateralization that lasted for another twelve months, the bullrun resumed, eventually bringing the price of SMLR shares even above $150 in less than a year and a half. 

In other words, from May 2018 to the peak of October 2021, it recorded a remarkable +1,500% in the stock market, something truly unusual for a traditional company. 

However, that later turned out to be a speculative bubble, so much so that in just over six months the price plummeted below $30. It is worth noting, however, that the speculative bubble, which lasted for three years, started from less than $5, and that the initial price eleven years ago was $7.

Subsequently, it recorded a period of lateralization with high volatility concluded in October 2024, always more or less around $30.

With Trump’s electoral victory, another bullrun started on the SMLR stock. Within two weeks, the price climbed back above $70, although at the end of December, a reversal began that brought it back around $50. It is possible that the recent events on the stock market concerning Semler Scientific are linked to its new strategy of investing in Bitcoin, although for now, it does not seem to have had a resounding success. 

Semler Scientific: gli acquisti di Bitcoin

The first purchases of BTC by Semler Scientific were made in May of last year, when the price was around $40,000. 

Already in August, when the price of Bitcoin had risen above $60,000, the company was found to have more than 1,000 BTC in cash. 

Starting from mid-November, it resumed purchasing Bitcoin, practically doubling its BTC holdings in just over a month. 

This dynamic has most likely helped the SMLR stock on the market to recover, triggering the bullrun that might still be ongoing. 

In total, the company’s investment in Bitcoin was about 190 million dollars, with an average purchase price exceeding 80,000$. 

The next Bitcoin purchases by Semler Scientific

Eric Semler has announced a new private offering of 75 million dollars in senior convertible bonds. The funds raised will be used by the company to purchase more Bitcoin.

The private offering is reserved for qualified institutional buyers pursuant to Rule 144A of the Securities Act of 1933.

The senior unsecured bonds will accrue interest payable semi-annually. 

At the current state, it is not possible to determine precisely how many BTC will be acquired, both because the amount that will actually be raised is not known for certain, and because it is not guaranteed that it will be entirely allocated to the purchase of Bitcoin, and especially because the purchase price cannot be known in advance.