Crypto

Semler Scientific Expands Bitcoin Holdings with Acquisition of 297 BTC

Semler Scientific’s Strategic Bitcoin Acquisition

Semler Scientific, a prominent healthcare technology company listed on Nasdaq, has significantly increased its investment in Bitcoin (BTC) by acquiring an additional 297 BTC, valued at $29.1 million. This strategic move underscores the company’s commitment to expanding its digital asset portfolio as Bitcoin approaches the eagerly awaited $100,000 milestone.

Semler Scientific’s Expanding Bitcoin Portfolio

In a recent announcement, Semler Scientific revealed the acquisition of 297 BTC, coinciding with a minor price correction from Bitcoin’s recent peak of over $98,000. This latest purchase elevates the company’s total Bitcoin holdings to 1,570 BTC, which were acquired at a cumulative expenditure of $117.8 million. The average cost of these Bitcoin acquisitions is approximately $75,039 per BTC.

The company specified that this round of Bitcoin purchases occurred between November 18 and November 22, with the 297 BTC being acquired at an average price of $97,995, inclusive of all fees and associated costs. In parallel with these acquisitions, Semler Scientific reported robust growth in its Bitcoin Yield performance, which stood at 37.1% from October 1 to November 22. Although this represents a slight decrease from the preceding period’s yield of 58.4%, the company’s CEO, Eric Semler, expressed enthusiasm about their performance:

“We are delighted to announce a 58.4% Bitcoin Yield and the remarkable progress we have made in accumulating Bitcoin on our balance sheet in a highly accretive manner for our stakeholders.”

Earlier this year, in May, Semler Scientific declared Bitcoin as a strategic reserve asset, initially purchasing 581 BTC valued at $40 million at the time. In August, the company expanded its holdings with an additional 83 BTC for $5 million. Additionally, earlier this month, Semler Scientific acquired another 47 BTC for $3 million.

Speculation on US Strategic Bitcoin Reserve Spurs Market Activity

Semler Scientific’s recent Bitcoin acquisition aligns with increasing speculation surrounding the potential creation of a United States Strategic Bitcoin Reserve (SBR). This movement has prompted other companies, such as MicroStrategy and Metaplanet, to bolster their Bitcoin reserves amidst the growing anticipation.

For those unfamiliar, the incoming US president, Donald Trump, is anticipated to establish a national Strategic Bitcoin Reserve. This initiative could incite a global rush among corporations and countries to amass Bitcoin, a finite digital asset with increasing relevance in macroeconomic strategy.

Should the Trump administration proceed with establishing a national SBR, the United States would join a select group of nations, including El Salvador and Bhutan, that are actively accumulating Bitcoin as a safeguard against economic uncertainties. The US’s entry into the Bitcoin accumulation sphere could become one of the most significant bullish catalysts in the history of digital assets. As Trump’s inauguration approaches, entities worldwide are taking preemptive actions to capitalize on potential shifts in US Bitcoin policy.

As of the latest update, Bitcoin is trading at $95,980, reflecting a 0.3% decline in the past 24 hours. The total cryptocurrency market capitalization stands at $3.47 trillion, marking a 1.2% increase over the same period.
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Emma Horvath

After graduating Communication and Media Studies MA in Eötvös Loránd University, Emma started to realize that her childhood dream as a creative news reporter committed to find dynamic journalism stories.I'm a passionate journalist with a keen interest in the fast-evolving world of cryptocurrencies. I've been reporting on the latest developments in the crypto industry for several years now, covering breaking news and providing insights on how the market is trending. I'm adept at analyzing daily market movements, researching ICOs, and keeping track of the latest innovations in blockchain technology.My expertise in the space makes her a trusted voice in the crypto community. Whether it's the latest Bitcoin price movements or the launch of a new DeFi platform, I am always at the forefront, bringing her readers the most up-to-date and informative news.

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