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U.S.-based medical technology firm Semler Scientific has significantly bolstered its Bitcoin (BTC) reserves, acquiring an additional 111 BTC worth $10 million. This latest purchase brings the company’s total Bitcoin holdings to 3,303 BTC, with an aggregate investment of $290.4 million.
ERIC SEMLER, founder and chairman of the board of directors, announced the acquisition on social media platform X, emphasizing that the company is “just getting started.” Semler Scientific has positioned Bitcoin as its primary reserve asset since May 2024, reflecting its confidence in the cryptocurrency’s long-term value.
According to a recent press release, the company’s average purchase price for its Bitcoin treasury stands at $87,929 per token. The latest batch of 111 BTC was acquired at an average price of $90,124 per BTC. Notably, Semler Scientific reports a year-to-date Bitcoin yield of 23.5%, a metric used to gauge the success of its Bitcoin investment strategy.
In December of the previous year, Semler Scientific purchased 303 BTC, increasing its stash to 1,873 BTC at an average price of $78,553 per token. Data from Bitcoin Treasuries ranks the company 14th globally in terms of BTC holdings among corporate entities.
As of the latest update, Bitcoin is trading at $95,068, marking a 1.8% increase over the past 24 hours. This upward trend underscores the growing interest in Bitcoin as a reserve asset among institutional investors.
Sources:
– Eric Semler’s Announcement on X
– Semler Scientific Press Release
– Bitcoin Treasuries Data
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