Bitcoin (BTC) Treasury Update: SMLR Acquires 455 BTC for Its Balance Sheet

Medical equipment company Semler Scientific (SMLR) has announced its third-largest bitcoin purchase since adopting a bitcoin standard approximately one year ago. In the ten days leading up to May 22, the company acquired 455 BTC for $50 million, averaging $109,801 per bitcoin. This acquisition, funded through its at-the-market (ATM) equity offering program, brings Semler’s total holdings to 4,264 BTC, purchased for $390 million and currently valued at over $450 million.

To date, the company has issued 3,003,488 shares under its April 15 $500 million ATM program, raising $114.8 million. Semler’s BTC Yield, now regarded as a key performance indicator for companies incorporating bitcoin into their balance sheets, has increased to 25.8% in 2025. BTC Yield measures the year-to-date percentage change in the ratio of total bitcoin holdings to assumed diluted shares outstanding.

SMLR shares are down 5.3% in premarket trading, coinciding with a notable decline in the price of bitcoin Friday morning to $108,300.