Bitcoin Treasury Strategy Success
Semler Scientific became the second U.S. public company to adopt a Bitcoin treasury strategy, acquiring 3,192 bitcoins valued at over $300 million. The company saw a positive bitcoin yield of 152% since adopting the strategy and is now the tenth largest corporate holder of Bitcoin. Market capitalization has grown by more than 200% since adopting Bitcoin.
Convertible Notes Offering
The company successfully completed a convertible notes offering of $100 million, upsized from the originally expected $75 million due to high demand. The offering was oversubscribed, and the notes have a conversion premium of 75%.
Record Cash Generation
In 2024, Semler Scientific achieved record cash generation of over $24 million from its health care operations.
New Product Development
The company is pursuing a new 510(k) clearance for a product extension of its QuantaFlo technology and is exploring opportunities in the cardiovascular space.