Semler Scientific expanded its Bitcoin treasury with nearly a $30 million purchase, while reporting a 58.4% BTC yield since adopting its crypto strategy.

Healthcare tech company Semler Scientific boosted its Bitcoin (BTC) holdings, acquiring 297 BTC for $29.1 million between Nov. 18 and Nov. 22 at an average price of $97,995 per BTC, according to a Nov. 25 press release.

As a result of the company’s latest transactions, its total crypto holdings now stand at 1,570 BTC, acquired at an aggregate cost of $117.8 million and an average purchase price of $75,039 per BTC, the press release reads.

The healthcare technology firm, which adopted a Bitcoin treasury strategy earlier this year, also reported a 58.4% BTC yield since July 1. For the period from Oct. 1 to Nov. 22, Semler achieved a 37.1% BTC yield. As crypto.news reported earlier, Semler tracks the success of its Bitcoin strategy with a metric called BTC Yield, which measures changes in the ratio of the company’s Bitcoin holdings to its diluted shares outstanding.

Semler doubles ATM equity offering

Semler Scientific chairman Eric Semler highlighted the company’s success in leveraging Bitcoin as a strategic asset, saying the team is “thrilled to report a 58.4% BTC Yield and the outstanding progress we are making to accumulate Bitcoin on our balance sheet in a highly accretive way for our stakeholders.”

Additionally, Semler updated its capital markets initiatives. The Santa Clara-headquartered company doubled the size of its at-the-market equity offering, increasing its total ATM offering to $100 million. As of Nov. 22, Semler had raised $50 million in gross proceeds under the program, per the press release.