The post NASDAQ-Listed Company Announces $88 Million Bitcoin (BTC) Purchase appeared on BitcoinEthereumNews.com.

Semler Scientific (SMLR) is making headlines again. This time, the company has added another 871 Bitcoin (BTC) to its holdings, spending $88.5 million between Jan. 11 and Feb. 3.  Where did the money come from? A mix of proceeds from its January 2025 senior convertible notes offering and cash freed up by selling part of its stake in Monarch Medical Technologies. The average price? $101,616 per BTC, fees included. Related Now, let’s talk numbers. With this latest purchase, Semler Scientific’s Bitcoin treasury sits at 3,192 BTC. The total spent so far: $280.4 million. That averages out to $87,854 per BTC. Semler Scientific’s profit at the current Bitcoin price of $99,000 would be approximately $35,58 million. Semler Scientific Acquires 871 #bitcoins for $88.5 million and has generated BTC Yield of 152% since July 1, 2024. Now holding 3,192 $BTC. Just getting started 🚀 $SMLR — Eric Semler (@SemlerEric) February 4, 2025 This move makes Semler Scientific one of just 29 publicly traded companies that hold Bitcoin on their balance sheet. The stock market is taking notice. After the company announced its big Bitcoin move in May 2024, its share price went up 223% at its peak.  Even now, it is still trading 105% higher than before the announcement. It is also 1.5% higher than it was during today’s market session. Related The timing of this latest purchase is interesting. January 2025 was not exactly a slow period for Bitcoin. There were a lot of market swings and uncertainty, so it is no surprise that there was some hesitation.  Tariffs, trade wars…it’s times like these when bitcoin should be the ultimate safe haven, far superior to gold and the dollar. #BTC — Eric Semler (@SemlerEric) February 2, 2025 But Semler is not second-guessing himself. He is sticking to his vision, inspired by Michael Saylor himself,…

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Filed under: News - @ February 5, 2025 4:20 am