California-based healthcare company Semler Scientific, Between November 25 and December 4 for $29.3 million 303 BTC By buying more Bitcoin significantly increased its assets.
Semler Scientific Increases Bitcoin Treasure to Over $180 Million with New Acquisition
This latest acquisition brings the Nasdaq-listed firm’s total Bitcoin holdings to 1,873 BTC, worth approximately $184 million at current market prices.
New Purchase: The company purchased 303 BTC at an average price of $96,779 per Bitcoin, including fees and expenses.
Cumulative Investment: Across all acquisitions, Semler Scientific spent $147.1 million on bitcoin assets at an average price of $78,553 per Bitcoin.
Bitcoin Strategy and Performance
Eric Semler, Semler’s Chairman, highlighted the success of the firm’s Bitcoin strategy, reporting a 78.7% BTC return since adopting the approach in the third quarter.
“Our BTC return demonstrates the strong performance of our Bitcoin strategy, which continues to drive value for shareholders,” said Eric Semler.
The firm uses BTC return as a key performance indicator (KPI) to evaluate the effectiveness of its Bitcoin investment. He also noted that the strategy involves financing bitcoin purchases by issuing additional common stock.
Semler Scientific currently ranks as the 14th largest institutional holder of Bitcoin, behind major players such as MicroStrategy and Marathon Digital.
Despite positive news about the growing Bitcoin trove, shares of Semler Scientific closed down 7.65% at $58.55 on Thursday. However, the stock gained 1.3% in after-hours trading. While the company’s shares have increased by 32.5% since the beginning of the year, they increased by 46% last month.
Semler Scientific’s rising Bitcoin holdings reflect the broader trend towards institutional adoption of the cryptocurrency as a treasury strategy, indicating growing confidence in Bitcoin’s long-term value.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/kaliforniya-merkezli-saglik-sirketi-milyonlarca-dolarlik-bitcoin-aldigini-acikladi-iste-detaylar/
