Semler Scientific hits options trading milestone with Bitcoin holdings at $222M

Key Takeaways

Semler Scientific achieved eligibility for options trading due to sustained share price growth driven by its Bitcoin strategy.
The company holds over 2,000 Bitcoin worth $222 million after a strategic shift in May.

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Semler Scientific shares became eligible for options trading following six months of share price growth driven by the company’s Bitcoin strategy, according to a CoinDesk report.

Since announcing its initial Bitcoin purchases on May 28, the medical device maker’s stock has nearly tripled, pushing its market capitalization to over $650 million.

At press time, Semler’s shares are up more than 6%, trading at $79.30.

As part of its Bitcoin treasury strategy, the company has accumulated 2,084 Bitcoin for $168.6 million, with an average purchase price of approximately $81,000 per coin.

Bitcoin recently surged past $108,000 before retracing to around $106,500, bringing the value of Semler’s holdings to approximately $222 million.

According to CoinDesk, Semler also comfortably exceeds the eligibility requirements for options trading approval.

Companies typically need a minimum share price of $3 to $5, but Semler’s stock is currently trading at over $79.

Additionally, while a market capitalization of at least $75 million is required, Semler’s market cap now tops $650 million.

Daily trading volume criteria range from 500,000 to 1 million shares, and Semler consistently meets these thresholds due to heightened investor interest driven by its Bitcoin pivot.

Semler had appeared confident it satisfied these requirements when it filed for options trading approval on December 5.

While no official announcement followed, CoinDesk reported that brokerage platforms showed options as available for trading starting Tuesday morning US hours.

The company’s rapid share price appreciation and Bitcoin-driven momentum have drawn comparisons to MicroStrategy, which has successfully leveraged convertible notes to raise capital for Bitcoin acquisitions.

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