Semler Scientific Bitcoin $88M investment has boosted the company’s holdings with a recent $88.5 million purchase. The healthcare tech firm acquired 871 BTC at an average price of $101,616 per coin, aligning with its strategy to strengthen its financial portfolio by incorporating Bitcoin.
As of February 3, Semler Scientific had 3,192 BTC, acquired at a total cost of $280 million and an average price of $87,854 per Bitcoin. According to current market rates, its Bitcoin reserves are worth around $313 million. The company has reported a 152% return since July 1, when it first implemented its Bitcoin treasury strategy, and a 22% gain so far this year.
To support this growth, Semler used the proceeds from a convertible senior notes issue and sold a piece of its Monarch Medical Technologies stake. This finance model has enabled the company to expedite its Bitcoin acquisitions while maintaining its core activities.
Eric Semler, chairman of Semler Scientific, expressed excitement about the company’s Bitcoin strategy, saying, “We are pleased with the growth of our Bitcoin holdings and the successful execution of our investment strategy.”
With this recent purchase, Semler Scientific has cemented its place among the top corporate Bitcoin holders. According to industry data, the corporation is the tenth-largest corporate organization that owns Bitcoin, demonstrating its dedication to digital asset investments.
While Semler continues to increase its Bitcoin holdings, MicroStrategy, the largest corporate Bitcoin holder with 471,107 BTC, has lately announced a pause in its acquisition strategy. This development has spurred conjecture about future market movements and corporate initiatives involving Bitcoin investments.
Semler Scientific remains committed to using Bitcoin as a significant asset in its portfolio, indicating continuous belief in the cryptocurrency’s long-term worth.
