Semler Scientific acquired 111BTC for $100M since February 14

Semler Scientific (SMLR) announced updates regarding its bitcoin (BTC) activity, holdings and yield, as well as its at-the-market equity offering programs. Between February 14 and April 24 Semler Scientific acquired 111 bitcoins for $10.0M with an average purchase price of $90,124 per bitcoin, inclusive of fees and expenses, using proceeds from its ATM offering and cash on hand. As of April 24, Semler Scientific held 3,303 bitcoins, which were acquired for an aggregate $290.4M at an average purchase price of $87,929 per bitcoin, inclusive of fees and expenses and had a market value of $309.1M based on the price of bitcoin as reported on the Coinbase exchange. Semler Scientific entered into a Controlled Equity OfferingSM Sales Agreement with Cantor Fitzgerald & Co., pursuant to which could issue and sell from time to time up to $150.0M of its common stock in an ATM offering. On April 15 Semler Scientific entered into a new Controlled Equity OfferingSM Sales Agreement with Barclays Capital Inc., Cantor Fitzgerald & Co., Canaccord Genuity, Needham & Company, Craig-Hallum Capital Group and Lake Street Capital Markets, pursuant to which it may issue and sell from time to time up to $500.0M of its common stock in an ATM offering. Semler Scientific’s BTC Yield was 23.5% YTD through April 24, 2025. 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 Semler Scientific’s decision to fund the purchase of bitcoin by issuing additional shares of its common stock or instruments convertible to common stock.