The post Semler Scientific Snaps Up 871 Bitcoin, While MicroStrategy Temporarily Halts BTC Accumulation appeared on BitcoinEthereumNews.com.

In an announcement today, medical device manufacturer Semler Scientific revealed that it has acquired an additional 871 Bitcoin (BTC) to strengthen its treasury reserves. Meanwhile, MicroStrategy, the largest corporate BTC holder, appears to have temporarily halted its weekly Bitcoin purchases. Semler Scientific Expands Its Bitcoin Holdings Despite BTC fluctuating around the $100,000 price level amid heightened global tensions over US trade tariffs, Nasdaq-listed Semler Scientific has purchased an additional 871 BTC for $88.5 million at an average price of $101,616 per coin. Notably, the acquisition took place between January 11 and February 3, according to Semler Scientific’s latest 8-K filing with the U.S. Securities and Exchange Commission (SEC). The filing also indicates that the purchase was funded using proceeds from the company’s January 2025 senior convertible notes offering. Additionally, part of the funding came from liquidating a portion of Semler Scientific’s minority investment in Monarch Medical Technologies. It is worth noting that in December 2024, the company had already acquired 303 BTC as part of its Bitcoin investment strategy. As of February 3, Semler Scientific holds a total of 3,192 BTC, valued at approximately $320 million at current market prices. The company’s average purchase price per BTC stands at $87,854, with total acquisition costs, including fees and expenses, amounting to $280.4 million. Commenting on the development, Semler Scientific Chair, Eric Semler, said that the company is excited about the progress it is making with regard to expanding its BTC reserves. Semler added: We were especially pleased with our successful convertible notes offering, which was substantially oversubscribed with investor demand. Additionally, we were pleased to have monetized a part of our investment in Monarch Medical in order to buy more bitcoin. Following today’s announcement, Semler Scientific’s shares are up 2.05% at the time of writing. However, on a year-to-date (YTD) basis,…

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Filed under: News - @ February 5, 2025 1:27 pm