The post Semler Scientific Boosts Bitcoin Bag With New BTC Purchase appeared on BitcoinEthereumNews.com.

Healthcare startup Semler Scientific has doubled down on its Bitcoin (BTC) acquisition agenda by purchasing a new batch of the coin. According to an announcement, the firm has purchased 215 Bitcoin units valued at $17.7 million. Semler Scientific Bitcoin Bet and Stock Boom As disclosed by the firm, it acquired this new stash between November 6 and November 15 and paid an average price of $82,502 per Bitcoin. This purchase price also includes fees and expenses. Semler Scientific launched its Bitcoin acquisition campaign in May. At the time, the company bought a $40 million worth of Bitcoin as it looked to adopt MicroStrategy’s Bitcoin playbook. Since then, the health tech firm has made other massive BTC purchases to boost its bag. Earlier this month, it increased its BTC holdings to 1,000 units as reported by Coingape. Following the latest acquisition, Semler said its Bitcoin yield has now jumped 18.9% from October 1 to November 15. At the moment, the firm’s total Bitcoin holdings is now pegged at 1,273 BTC with a total yield of 37.3% since it started acquiring the coin. Semler Scientific chose to buy this latest Bitcoin at a time the price of the coin is trading at its highest level. BTC price recorded multiple All-Time Highs (ATHs) last week as all holders became profitable. The Semler Scientific Bitcoin strategy is notably paying off as the company’s shares has also jumped remarkably. Following the latest update, the firm’s shares on the NASDAQ exchange jumped by 10.36% to $49.09. With investors embracing SMLR due to its exposure to BTC. MicroStrategy and Metaplanet In the Same League Besides Semler Scientific, MicroStrategy and Metaplanet are also advancing their BTC acquisition strategies. Per an earlier Coingape report, MicroStrategy bought 51,780 BTC for $4.6 billion. This pushed the firm’s total bag to 3331,200…

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Filed under: News - @ November 19, 2024 12:24 am