Semler Scientific, a medical technology and software company, has been steadily increasing its cryptocurrency holdings following a similar strategy to MicroStrategy’s Bitcoin treasury approach. Recently, the California-based firm announced the acquisition of an additional 303 BTC for its crypto portfolio.
According to Eric Semler, the chairman and founder of Semler Scientific, the company’s Bitcoin Yield, a key metric used to measure the success of its Bitcoin strategy, has shown significant gains. Semler Scientific disclosed that they purchased the additional Bitcoin using funds from the sale of shares in its at-the-market (ATM) offering.
With this latest purchase, Semler Scientific now holds a total of 1,873 BTC, which was acquired for approximately $147.1 million at an average price of $78,553 per Bitcoin. Currently, the price of Bitcoin is hovering around $96,733.
MicroStrategy, a prominent business intelligence firm, remains the largest corporate holder of Bitcoin. Recently, MicroStrategy acquired an additional 15,400 BTC for $1.5 billion at an average price of $95,976 per Bitcoin. This brings their total Bitcoin holdings to 402,100 BTC, purchased at an average price of $58,263 per Bitcoin.
It is worth noting that MicroStrategy’s Bitcoin reserves now represent 1.9% of the total Bitcoin supply, which is capped at 21 million. This strategic move by both Semler Scientific and MicroStrategy highlights the growing trend of companies diversifying their treasury reserves with cryptocurrency assets.
As the crypto market continues to evolve, companies like Semler Scientific and MicroStrategy are positioning themselves to benefit from the potential long-term growth and value of Bitcoin. By incorporating digital assets into their financial strategies, these companies are not only hedging against inflation but also capitalizing on the innovative potential of blockchain technology.
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