Semler Scientific Grows Bitcoin Portfolio With 297 BTC Purchase
The post Semler Scientific Grows Bitcoin Portfolio With 297 BTC Purchase appeared on BitcoinEthereumNews.com.
Semler Scientific, a Nasdaq-listed healthcare technology firm, has acquired an additional 297 Bitcoin (BTC) for $29.1 million. The purchase comes as Bitcoin edges closer to the highly anticipated $100,000 milestone. Semler Scientific Expands BTC Holdings The company disclosed its latest BTC acquisition earlier today, coinciding with a slight pullback in BTC’s price from its recent high of over $98,000. With the addition of 297 BTC, Semler Scientific’s total holdings now stand at 1,570 BTC, acquired at a cumulative cost of $117.8 million. The average purchase price of its BTC reserves is approximately $75,039 per Bitcoin. According to the announcement, the latest BTC acquisition was made between November 18 and November 22. The 297 BTC were purchased at an average price of $97,995, including fees and related expenses. In addition to buying BTC, Semler Scientific disclosed strong growth in its Bitcoin Yield performance. Specifically, from October 1 to November 22, the firm’s BTC Yield stood at 37.1%. This is slightly lower than its BTC Yield from July 1 to November 22, which was close to 58.4%. Commenting, Eric Semler, the CEO of Semler Scientific said: We are thrilled to report a 58.4% BTC Yield and the outstanding progress we are making to accumulate bitcoin on our balance sheet in a highly accretive way for our stakeholders. To recall, in May, Semler Scientific announced it had adopted BTC as a strategic reserve asset. The company’s first BTC purchase was of 581 BTC worth $40 million at prevailing market prices. In August, the company added another 83 BTC to its holdings worth $5 million at prevailing market prices. Notably, earlier this month Semler Scientific scooped another 47 BTC for $3 million. US Strategic Reserve Speculations Igniting Bitcoin FOMO Semler Scientific’s latest Bitcoin purchase aligns with growing speculation about creating a US national Strategic…
Filed under: News - @ November 26, 2024 1:22 pm