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Semler Scientific Acquires More Bitcoin For $21.5 Million
Semler Scientific, Inc. (SMLR), a company offering technology solutions for chronic diseases, announced updates regarding its crypto acquiring activity by confirming buying $21.5 million worth of Bitcoin. The company also updated its capital markets strategy and overall KPIs.
The company, which adopted a BTC treasury strategy earlier this year, decided to consolidate cryptocurrency further as a vital part of its financial strategy.
Semler Scientific (SMLR) Expands Bitcoin Holdings and Updates ATM Offering
Semler Scientific, Inc. (SMLR), a provider of technology solutions for monitoring chronic diseases, has provided updates to its Bitcoin acquisition strategy; it has acquired $21.5 million in BTC.
Eric Semler, Chairman of the Board of Directors at Semler Scientific, disclosed that the company has acquired 211 Bitcoins. The price was approximately $21.5 million at an average price of $101,890 per BTC.
Since adopting its strategy in May 2024, Semler Scientific has achieved a BTC Yield of 67.0% quarter-to-date and 92.8% overall. As of December 15, 2024, the company held a total of 2,084 BTC, purchased for roughly $168.6 million at an average price of $80,916 per Bitcoin.
Semler Scientific has acquired 211 BTC for ~$21.5 million at ~$101,890 per #bitcoin and has generated BTC Yield of 67.0% QTD and 92.8% since adopting our BTC treasury strategy in May. As of 12/15/24, we held 2,084 $BTC acquired for ~$168.6 million at ~$80,916 per bitcoin. $SMLR
— Eric Semler (@SemlerEric) December 16, 2024
On December 16, 2024, Semler Scientific increased the total shares available under its ATM offering by $50 million, bringing the total potential to $150 million. The company had raised $100 million in gross proceeds by selling its shares by December 13.
SMLR’s approach puts it in the same league as MicroStrategy, albeit on a smaller scale, with the latter holding billions worth of BTC. Just for reminder, MicroStrategy recently bought 15,350 Bitcoin worth around $1.5 billion.
SMLR has strengthened its fundraising through a Controlled Equity Offering agreement with Cantor Fitzgerald & Co. Under the agreement, the company may sell common stock via an at-the-market offering.
BTC Yield as a Performance Indicator
Semler Scientific appears committed to enhancing shareholder value through its Bitcoin treasury strategy. The recent earnings transcript and press release highlight this focus. Central to the strategy is the “BTC Yield,” a key performance indicator. This KPI measures percentage changes in Bitcoin holdings relative to the company’s diluted share count. It helps gauge how well the strategy contributes to stockholder returns.
For Q4 2024, Semler reported a BTC Yield of 67% and 92.8% since adopting the strategy in Q3. BTC Yield reflects changes in the ratio of Bitcoin holdings to Assumed Diluted Shares Outstanding. This calculation includes all stock options but excludes vesting conditions and exercise prices.
The company presents BTC Yield as a tool for investors to evaluate its use of capital raised from stock sales to buy Bitcoin.
Looking Ahead
Semler Scientific furthers its twin strategies of raising capital through equity offerings and investing in Bitcoin. It also claims cryptocurrency plays a pivotal role in increasing shareholder value.
It is not alone in adopting a BTC-focused treasury strategy either. Last week, crypto mining giant Riot Platforms Inc. has significantly expanded its cryptocurrency holdings with acquisition of 5,113 Bitcoin for approximately $510 million. That is how it reinforced its position as a major player in the mining of the largest cryptocurrency and investment space.
This is yet another sign that crypto is gaining traction as a corporate asset. While SMLR, based in the US, doesn’t face the same currency challenges, its move highlights a broader trend of companies increasingly turning to Bitcoin as a strategic financial asset.
As much as the company’s BTC Yield metric sheds some light on this strategy, the long-term effectiveness of such bets would remain pegged to the volatility and mainstreaming of BTC in more macrofinancial markets.
Teuta Franjkovic
Teuta is a seasoned writer and editor with over 15 years of expertise in macroeconomics, technology, and the crypto and blockchain sectors.
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Inspired by thought leaders like Don and Alex Tapscott and Laura Shin, Teuta embraced blockchain’s potential, viewing cryptocurrency as one of humanity’s most transformative innovations.
Since 2014, she has specialized in fintech, focusing on crypto, blockchain, NFTs, and Web3. Known for her strong collaboration and communication skills, Teuta also holds dual MAs in Political Science and Law.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Pakistan is taking concrete steps towards regulating cryptocurrencies, with the Crypto Council drafting a new framework for digital assets. While cryptocurrency still remains illegal in the country, the Crypto Council aims to build a secure and transparent crypto ecosystem. Significantly, this crypto regulation move follows the country’s recent decision to establish a Strategic Bitcoin Reserve.
Pakistan Crypto Regulation: New Policies Take Shape
The Pakistan Crypto Council (PCC) convened a high-level meeting in Islamabad, taking significant steps towards creating a solid crypto regulatory framework for the country. The council aims to build a robust crypto framework that balances innovation with security, transparency, investor protection, and financial inclusion.
Notably, the Pakistan crypto regulation aims to promote blockchain growth, protect investors, and drive financial inclusion. As part of its crypto regulation plans, the country has established the Pakistan Digital Assets Authority (PDAA).
The meeting was led by Finance and Revenue Minister Senator Muhammad Aurangzeb. Other members included the SBP Governor, the SECP Chairperson, and law and IT ministry officials. A technical committee comprising representatives from the State Bank of Pakistan, Securities and Exchange Commission of Pakistan, and other relevant government agencies will be formed to further develop these initiatives.
“Participants also discussed various options around the establishment of an autonomous regulatory authority to oversee and regulate the digital finance and crypto ecosystem in the country,” added the ministry. The finance division posited,
It was agreed to constitute a technical committee comprising representatives from SBP (State Bank of Pakistan), SECP (Securities and Exchange Commission of Pakistan), Law Division, and IT & Telecom Division. The committee will review the draft laws and propose a robust framework and governance structure to be reviewed by the Pakistan Crypto Council in its next meeting.
Regulatory Clarity Paves the Way for Pakistan’s Bitcoin Reserve
At the Bitcoin Conference, Crypto Council Head Bilal Bin Saqib announced Pakistan’s potential plans to embrace a Bitcoin reserve. However, the plan is expected to face scrutiny from the International Monetary Fund (IMF), which could complicate its implementation. This development was covered by CoinGape and later confirmed by local news outlet Samaa.
Significantly, the establishment of clear crypto regulations could play a crucial role in aiding the country’s Bitcoin reserve plans. A well-defined framework would protect investors and ensure the initiative’s long-term sustainability. It could also help address IMF concerns and reduce potential complications.
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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Ark 21Shares Bitcoin ETF (ARKB) will undergo a 3-for-1 share split, effective from June 16, in order to make funds more accessible to investors, announced 21Shares, one of the world’s largest issuers of crypto exchange traded funds (ETFs).
In a statement released on Monday, 21Shares, a fin-tech giant, claimed that their recent step to split their stocks 3-for-1 will invite a “broader base of investors thereby enhancing trading efficiency. 21Shares clarified that their decision to spit their share 3-for-1, effective June 16, will not change their total net asset value (NAV) and the shares will continue trading under the ticker symbol ARKB.
According to a report in Reuters, ARKB has gained almost 12% so far this year and nearly 27% quarter-to-date. It closed trading at $104.25 on Monday. 21Shares holds the largest suite of crypto ETPs and is one the leading provider of ETFs.
ARKB is a physically backed Bitcoin ETF offering direct exposure to Bitcoin to customers without actually holding the token.
The recent decision by 21Shares to split their ARKB stocks 3-for-1 might lure retail investors with a psychological attraction of purchasing the stocks at a lower price, however, the decision is not going to impact the net asset value held by individual share holders. According to 21Shares, lower price of their stocks would also increase trading volume on a day-to-day basis and thereby increase liquidity through retail inflows.
Another possible implication of 21Shares announcing 3-for-1 stock split is to increase the retail inflow in the Bitcoin ETF, especially after $358 million outflow was recorded in U.S. Spot Bitcoin ETFs on May 30, according to a report by JP Morgan.
How does the 3-for-1 ARKB stock split work?
21Shares has clarified that their decision to split stocks 3-for-1 will not impact their net asset value and post June 16, the price per share will be a third of its pre-split value. As ARKB closed at $104.25 on Monday, the same stock price would now drop to roughly $34.50 per share and the stockholder would now get 3 shares despite any change in total asset value and underlying Bitcoin exposure.
Vaibhav Jha
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Robinhood has bought Bitstamp, a top crypto exchange which launched in 2011. By taking this action, the company demonstrates its desire to be a major player in the global crypto market.
Robinhood’s Bitstamp Acquisition Will Expand Its Global Reach
With offices in Luxembourg, the UK, Slovenia, Singapore and the U.S., Bitstamp is active in many countries. Due to these licenses, Robinhood can enter the EU, UK and Asian crypto markets more smoothly.
Bitstamp has a reputation for being very reliable. Traders like the platform for its stable trade orders, extensive order books and well-built systems. As a result of acquiring Bitstamp, Robinhood will be working with more institutional clients.
Until now, Robinhood focused mostly on U.S. retail customers. This acquisition allows the firm to grow globally and serve more serious crypto players.
Bitstamp’s Trusted Infrastructure and Values Will Enhance Robinhood’s Crypto Offerings
Robinhood’s General Manager of Crypto, Johann Kerbrat, said Bitstamp’s long-standing reputation and safety-first approach were key reasons behind the deal.
Kerbrat emphasized that the acquisition wasn’t just about reach. It also brings trusted infrastructure, experience, and a solid brand into Robinhood’s ecosystem. Bitstamp’s services like crypto-as-a-service, lending, and staking will now be part of Robinhood’s offerings.
JB Graftieaux, CEO of Bitstamp, believes the deal will enhance user experience without losing sight of transparency or security. He said Bitstamp’s values of compliance and customer care will remain a priority within Robinhood.
A Strategic Leap Towards Global Crypto Dominance
Both companies have assured users that service quality and reliability will stay intact. Bitstamp’s team will now collaborate with the new owners, sharing knowledge and tools.
This acquisition comes as crypto adoption rises again in multiple regions and as Bitcoin rises amid FED Chair Jerome Powell‘s comments on the economic outlook. By acquiring a proven name like Bitstamp, Robinhood is not starting from scratch, it’s stepping into the arena with a tested and respected partner.
In the end, this isn’t just another crypto merger. It signals Robinhood’s serious intent to become a global crypto force, not just a U.S. trading app.
This is especially true as specially as Satoshi’s Bitcoin wealth is projected to surpass tech and finance giants. With their new partners on board, that goal now feels more real.
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Paul Adedoyin is an experienced crypto journalist who provides timely news, in-depth research, and insightful content to inform and empower his audience. He can be reached via [email protected]
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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