Semler Scientific's BTC holdings (02/09/25)
Since May 2024, Eric Semler, owning 7.6% of Semler Scientific (SMLR) shares, has adopted a Bitcoin treasury strategy inspired by Michael Saylor. On May 28, 2024, SMLR announced its “Bitcoin Standard”, accumulating 5'022 BTC for approximately $475 million at an average price of $92'385 per Bitcoin.
Acquisition Breakdown
SMLR’s Bitcoin purchases, following MicroStrategy’s approach, are detailed below:
| Year | 2024 | 2025 |
|---|---|---|
| Funds Deployed ($M) | 168,7 | 307,2 |
| Funds Deployed (%) | 35,5 | 64,6 |
| BTC Acquired (%) | 41,5 | 53,8 |
Bitcoin Goals
On June 19, 2025, SMLR announced (press release) its Bitcoin targets:
- 10,000 BTC by the end of 2025
- 105,000 BTC by the end of 2027
Market Value of Holdings
As of September 9, 2025, with Bitcoin priced at $111,103, SMLR’s holdings are valued at $558 million, reflecting an unrealized gain of $82 million and 17,2% profit.
SMLR owns 0,02% of all BTC, or 0,03% of still accessible BTC (What Happens to Lost Bitcoin?
.
Sources:
- Eric Semler on X.com
- SMLR financials: Semler Scientific Investor Relations for 8-K, 10-K, and 10-Q reports
- SMLR Investor Relations: Purchases
- BTC price: CoinGecko
Notes:
- Funds Deployed: Funds allocated during a period compared to total investments in an asset.
- BTC Acquired: Amount of Bitcoin acquired in a period compared to the total held.
- Totals from the IR page slightly deviate from these calculations. Could be due to rounding errors.
- Nr. BTC reported 5'021 but is 5'022 - (Error: -0,02%)
- Av Cost reported 94'772 but is 92'384 - (Error: + 2,6%)
- Acqusition Cost reported 475'836'000 but is 475'918'910 - (Error: - 0,02%)
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