COMING SOON: A New Way to Earn Passive Income with DeFi in 2025 LEARN MORE

Semler Scientific joins Michael Saylor’s Strategy in accumulating BTC

In this post:

  • Strategy has acquired an additional 1,895 BTC for $180.3 million.
  • The firm introduced the 42/42 Plan aimed at raising $84 billion in capital over the next two years.
  • Semler Scientific acquired another 167 BTC last week for $162 million.

Michael Saylor’s Strategy has added 1,895 Bitcoin to its holdings for approximately $180.3 million. The firm acquired the digital assets at an average of $97,167 per BTC, causing the average purchase price for the company stack to surge to $68,550.

Strategy’s last acquisition round included 15,355 BTC purchased at an average price of $92,737 on April 28 at $1.42 billion. The company revealed it now owns slightly over half a million BTC, and a recent filing shows an ambitious $84 billion plan to acquire more Bitcoins.

Strategy acquires additional Bitcoin

Strategy (MSTR), led by Executive Chairman Michael Saylor, added 1,895 Bitcoins to its holdings last week. According to a Monday morning SEC filing, the firm purchased the digital currencies for $180.3 million at an average price of $95,167 each.

The crypto company now holds 555,450 BTC purchased for $38.08 billion, or an average price of $68,550 each. At the time of publication, Bitcoin was exchanging hands at $94,000, which brought Strategy’s total holdings north of $52 billion.

The report showed that Strategy’s purchases were funded through sales of $128.5 million common stock and $51.8 million STRK preferred stock. The common stock sale also used up the remainder of the company’s 2024 $21 billion at-the-market offering.

See also  Chinese garment maker Addentax announces $800M plan for BTC, TRUMP corporate treasury

The crypto company also announced an expansion of its 21/21 Plan to a 42/42 Plan – raising $42 billion via issuance of common stock and debt — to a total of $84 billion. Strategy also revealed its decision to increase BTC-related performance targets, including raising its 2025 BTC Yield target to 25% (from 15%) and BTC $ Gain to $15 billion (from $10 billion).

“While the number of companies that have sought to replicate Strategy’s Bitcoin acquisition strategy has continued to grow rapidly … MSTR yesterday issued a reminder of the extent of its first-mover advantage and how its ability to accelerate its accumulation of Bitcoin has continued to increase as its platform has scaled.”

-Mark Palmer, Senior Research Analyst at Benchmark.

Palmer noted his remarks on Friday while reiterating his buy rating and $650 price target. He also argued that Saylor and his team demonstrated the ability to create shareholder value through its treasury operations despite MSTR trading at more than double the value of its BTC holdings.

TD Cowen’s Senior Research Analyst Lance Vitanza acknowledged MSTR’s ambition of the updated strategy, calling it “aggressive perhaps but by no means out of the question.” The analyst noted the crypto firm has already raised $28.3 billion under the original 21/21 Plan. 

He added that its significantly larger $111 billion market cap and deep trading bolster the credibility of the new fundraising efforts. Vitanza also argued that Strategy’s average daily share volume of $5.6 billion suggests that raising another $56.7 billion over the 32 months is realistic.

See also  Bahrain Al Abraaj Group puts Bitcoin on its balance sheet

Saylor said on the company’s post-earnings conference call Thursday evening that the adoption of the Bitcoin standard by more firms is beneficial and will legitimize BTC and attract more capital. He also argued that as more companies join, it will stabilize and drive the digital asset’s price up. 

Selmer Scientific adds 167 Bitcoin

Medical device maker Semler Scientific (SMLR) acquired another 167 BTC last week for $16.2 million. According to a Monday morning SEC filing, the company purchased the digital assets at an average price of about $97,000 each.

The report showed the purchases seemed to be mostly or totally funded via sales of common stock. SMLR also disclosed it sold 1.166 million shares for $39.8 million under its April 15 at-the-market offering (the company previously disclosed BTC purchases on April 25 and April 30).

The medical device maker now holds 3,634 Bitcoin acquired for $322.3 million at an average price of $88,668 each. At BTC’s current price of around $94K, the company’s holdings are worth more than $340 million.

Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot

Share link:

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Most read

Loading Most Read articles...

Stay on top of crypto news, get daily updates in your inbox

Editor's choice

Loading Editor's Choice articles...

- The Crypto newsletter that keeps you ahead -

Markets move fast.

We move faster.

Subscribe to Cryptopolitan Daily and get timely, sharp, and relevant crypto insights straight to your inbox.

Join now and
never miss a move.

Get in. Get the facts.
Get ahead.

Subscribe to CryptoPolitan