Semler Scientific, a medical equipment company that recently adopted a bitcoin treasury strategy, has announced the addition of 215 BTC to its holdings, bringing its total bitcoin assets to 1,273 tokens worth approximately $114 million. The acquisition highlights a growing trend of corporate bitcoin accumulation.

The company disclosed on Monday morning that it purchased 215 bitcoin for $17.7 million over the past ten days, translating to an average price of $82,502 per BTC. This acquisition was partially financed through share sales under Semler’s at-the-market program, which has raised a total of $21.5 million so far. The total cost basis for Semler’s bitcoin holdings amounts to $88.7 million, averaging $69,682 per BTC.

Semler Scientific has now adopted “Bitcoin Yield” as a key performance indicator (KPI), a concept popularized by MicroStrategy’s Michael Saylor. The metric aims to assess how effectively a company acquires bitcoin in a way that benefits shareholders. “We have achieved a BTC Yield of 37.3% since adopting our bitcoin treasury strategy in the second quarter of this year,” stated Eric Semler, chairman of Semler Scientific. “We believe this demonstrates substantial bitcoin accretion for our stakeholders.”

The announcement adds to a wave of corporate bitcoin purchase disclosures, including similar moves by Metaplanet, Marathon Digital, and another significant acquisition from MicroStrategy. Semler’s decision to embrace bitcoin has positively impacted its market performance; the stock rose 2.4% in premarket trading and has surged roughly 33% since the company began its bitcoin acquisition strategy last summer.

Source: Semler Scientific Added 215 Bitcoin to Holdings, Bringing Stack to 1,273 BTC