Semler Scientific, Inc. just made another flashy move – grabbing 167 more bitcoins for a cool $16.2 million. With that, their total stash now sits at a hefty 3,634 BTC, officially earning them the title of the fourth-largest Bitcoin hoarder in the U.S. (Move over, small fry!). All this excitement was disclosed in a May 5 regulatory filing. Lucky them!
Semler’s Bitcoin Stash Soars to 3,634 BTC with a Glorious 22.2% Year-to-Date Yield (No, Seriously)
The Delaware-based company snatched up those 167 bitcoins between April 30 and May 2 at an average price of $97,093 per coin. How did they fund this madness? Oh, you know, just by draining some pockets through their at-the-market stock offering program. In fact, since mid-April, Semler has raked in about $39.8 million by selling 1.17 million shares. But hey, it’s a living, right?
As of May 2, Semler’s precious bitcoin pile was worth a jaw-dropping $352.4 million. That’s a sweet $30.1 million in unrealized gains over their initial $322.3 million purchase. Sure, the company’s still in the red if we count fees, but who’s counting? Definitely not them.
Now, let’s talk numbers (because that’s why you’re here, right?). Semler decided to introduce a “Bitcoin Yield” metric (trademark pending, maybe?), showing a dazzling 22.2% year-to-date increase through May 2. This new metric measures the ratio of their bitcoin hoard to their growing pile of diluted shares, which have shot up from 10.25 million in 2024 to a breathtaking 13.26 million. It’s like a financial rollercoaster – and guess who’s holding the ticket?
But don’t go getting too excited. Semler’s not shy about warning that the “BTC Yield” isn’t a traditional financial metric. So, no, it doesn’t exactly tell you how their operations are going or how much Bitcoin’s actually making them in cold, hard cash. Just remember, market volatility could crash the party anytime. So, be careful about betting your house on it.
And don’t get any funny ideas about stock ownership meaning you’re now part of the bitcoin club. Semler made it clear: owning stock is *not* the same as owning bitcoin. Got it? Good. And just in case you missed it, the filing also kindly reminded investors to go read their SEC disclosures – after all, it’s all in the fine print.
Meanwhile, over at Strategy (formerly Microstrategy), they’ve managed to outdo themselves by bumping up their holdings to a mind-blowing 555,450 BTC. Maybe Semler’s got some catching up to do? Or maybe not. It’s all about the game, right?
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2025-05-05 17:29