The post Semler Scientific Expands Bitcoin Holdings with Recent Acquisition of 273 BTC Amid Market Volatility appeared on BitcoinEthereumNews.com.

Semler Scientific’s latest Bitcoin acquisition underscores the ongoing trend of corporate investment in cryptocurrencies amid price fluctuations. The company’s significant investment of $23.3 million in Bitcoin highlights a strategic move to bolster its asset portfolio, demonstrating confidence in the digital currency’s long-term potential. According to a recent statement from the company’s chairman, Eric Semler, this acquisition positions Semler Scientific as a serious player in the crypto investment space, following a yield generation strategy that has proven effective. Semler Scientific enhances its Bitcoin investment, acquiring 273 BTC for $23.3 million, reaffirming its commitment to cryptocurrency amid market volatility. Strategic Bitcoin acquisition amid price volatility Semler Scientific’s recent acquisition comes in a climate of significant market fluctuations. The company spent approximately $23.3 million to buy 273 BTC, acquiring these coins at an average price of $98,267 during a period of bearish trends. This move reflects a clear investment strategy that capitalizes on price dips to expand its cryptocurrency portfolio. Since initiating its Bitcoin treasury strategy in May 2024, the firm has reported an impressive Bitcoin yield of 99.3%. As of January 10, 2025, Semler Scientific’s Bitcoin holdings have reached a cumulative total of 2,231 BTC with a total acquisition cost near $191.9 million. Each coin in this strategic accumulation was purchased at an average price of $82,687, showcasing the firm’s aggressive approach to crypto investment. Interestingly, despite a recent dip in Bitcoin’s price, trading activity remains robust. Currently, Bitcoin is trading at $90,911.17, having experienced a decline of 4.09% in the last 24 hours. The volatility hasn’t deterred investors, with trading volume surging by 152.98% to reach $48.06 billion. In the past day, Bitcoin’s price fluctuated between $90,183.63 at its lowest and $95,837 at its highest, reflecting the ongoing tension between bullish and bearish sentiments in the market. Corporate players inspired by…

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Filed under: News - @ January 13, 2025 7:27 pm