Semler Scientific has announced the acquisition of 185 Bitcoin for $20 million, bringing its total holdings to 4,449 Bitcoin valued at approximately $446.2 million. Chairman Eric Semler emphasized the company's strategy of using operating cash flow and financing proceeds to grow its Bitcoin portfolio. The launch of a public dashboard will provide transparency on their Bitcoin metrics. Notably, the company reported a BTC Yield of 26.7% year-to-date, serving as a key performance indicator for investors as they navigate fluctuations in revenue.
"We continue to accretively grow our bitcoin arsenal using operating cash flow and proceeds from debt and equity financings," said the chairman of Semler Scientific Eric Semler.
"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," stated the 8-K form.
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