Strategy Imitator Semler Scientific Expands Bitcoin Holdings To Over 3,300 With Latest $10 Million Purchase

It’s not just MicroStrategy with its $51 billion in Bitcoin: Even smaller, Nasdaq-listed companies are bullish when it comes to stockpiling the premier cryptocurrency.

Semler Scientific purchased an additional 111 Bitcoin, pushing its total holdings to 1,873 BTC as the Santa Clara, California-based healthcare tech firm continues to expand its Bitcoin treasury.

Semler Scientific Now Holds $313M Worth Of BTC On Its Balance Sheet

Semler Scientific paid an average of $90,124 per BTC in its latest buying spree between February 14 and April 24, bringing its total holdings to 3,303 BTC, Semler said Friday in a press release.

The firm added that the Bitcoin stash was acquired at an aggregate cost of $290.4 million at an average purchase price of $87,929 apiece. The investment is worth around $313 million at current market prices. Bitcoin is up roughly 1.8% on the day, topping the $95,000 mark for the first time in two months.

Semler has periodically added to its holdings throughout the year, most recently purchasing $88.5 million worth of Bitcoin between Jan. 11 and Feb. 3.

The company funded its latest crypto investment using proceeds from an at-the-market offering and cash on hand. 

According to the press release, Semler Scientific’s BTC yield was 23.5% YTD through April 24, 2025. The yield is the percentage change in the ratio of its bitcoin holdings to its full-diluted shares outstanding over a given period.

+111 ₿etter

— Michael Saylor (@saylor) April 25, 2025

Semler’s Bitcoin Strategy

Semler Scientific first announced plans to adopt Bitcoin as its primary treasury reserve asset in May 2024, acquiring 581 BTC for $40 million, inclusive of fees and expenses.

At the time, the company’s CEO Eric Semler touted the leading crypto as “digital gold” and emphasized its potential to generate “outsize returns.”

Semler Scientific is following closely in the footsteps of Michael Saylor’s software firm, Strategy, which has adopted an aggressive strategy of BTC purchases. The company started acquiring Bitcoin in 2020 and is now the largest corporate holder of the asset with 538,200 BTC in its treasury. 

Other companies have adopted the Microstrategy playbook, including Tokyo-listed real estate firm Metaplanet and Argentinian e-commerce company MercadoLibre.

With its latest Bitcoin buy, Semler Scientific now holds the 14th largest Bitcoin treasury among publicly traded companies that hold BTC, according to data from BitcoinTreasuries.