- Semler Scientific bought additional Bitcoins.
- The BTC was acquired between November 6 and 17.
- The company said it has realized a substantial percentage yield on BTC since it adopted the crypto asset.
Health technology service provider Semler Scientific announced today its acquisition of additional Bitcoins worth millions of dollars.
The Santa Clara, California-based company started to acquire Bitcoin in May 2024, with an initial acquisition of 581 BTC for $400 million. The purchase was made when BTC traded above $68,000. The crypto asset has since surged rapidly and was exchanging hands at $91,348 at the time of writing, CoinMarketCap data shows.
Semler Scientific’s Latest Bitcoin Purchase
According to a press release on November 18, Semler Scientific bought an additional 215 BTC for $17.7 million in cash, including fees and expenses. The Bitcoins were acquired between November 6 and 15 at an average price of $82,502 per BTC.
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The statement noted that Semler Scientific held 1,273 Bitcoins as of November 15, following the latest acquisition. The entire Bitcoin trove was acquired for $88.7 million, or at an average price of $69,682 per BTC.
“We have achieved a BTC Yield of 37.3% since adopting our bitcoin treasury strategy in the second quarter of this year. We believe this demonstrates substantial bitcoin accretion for our stakeholders,” Semler Scientific chairman Eric Semler stated.Semler Scientific’s revelation of its latest Bitcoin came a few hours after MicroStrategy announced that it had bought an additional 51,780 Bitcoins for about $4.6 billion in cash between November 11 and 17.
The acquisition pushed MicroStrategy’s total Bitcoin holdings to 331,200 BTC, solidifying its position as the largest corporate holder of the original cryptocurrency.
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