Healthcare Technology Company Bets Big on Bitcoin
Semler Scientific, a leading healthcare technology company, announced on Thursday the acquisition of an additional 303 Bitcoin for $29.3 million. The purchase was made at an average price of $96,779 per Bitcoin between November 25 and December 4.
This move solidifies Semler Scientific’s growing Bitcoin treasury, positioning it alongside prominent corporations like MicroStrategy, which have been aggressively expanding their cryptocurrency holdings.
Semler Scientific Now Holds 1,873 BTC
With this latest purchase, Semler Scientific’s Bitcoin treasury has grown to 1,873 BTC, acquired at a total cost of $147.1 million. The average purchase price for these holdings stands at $78,553 per Bitcoin.
The company has financed its Bitcoin strategy through an At-the-Market (ATM) offering, raising $100 million by issuing shares. To date, Semler has generated $79.8 million from these sales, which have been pivotal in supporting its Bitcoin acquisitions.
Semler first adopted Bitcoin as its primary treasury reserve asset in May, acquiring 581 BTC for $40 million. Chairman Eric Semler emphasized the cryptocurrency’s potential as “digital gold,” highlighting its appeal as a hedge against inflation and a long-term investment.
Enhanced BTC Yield and Stock Performance
Semler Scientific’s recent purchases have significantly boosted its Bitcoin yield, now at 78.7%, compared to 54.7% earlier this year.
This aggressive Bitcoin strategy has had a positive impact on the company’s stock performance. Over the past three months, Semler’s stock price has surged over 149%, reaching $59 during mid-New York trading on Thursday.
Additionally, the company is pursuing approval for options trading in its stock, reflecting confidence in its financial strategy.
Corporate Bitcoin Trends: Semler Joins the Ranks
Semler’s expansion aligns with a broader trend among corporations adopting Bitcoin as a reserve asset. MicroStrategy, for instance, recently announced the acquisition of 15,400 Bitcoin valued at $1.5 billion, bringing its total holdings to 402,100 BTC and solidifying its position as the largest publicly traded Bitcoin holder.
Other notable players include Marathon Digital with 34,959 BTC. Meanwhile, Semler Scientific ranks as the 13th largest Bitcoin holder among publicly traded companies.
Bitcoin’s ATH and Broader Implications
Semler’s moves come amidst Bitcoin’s recent surge to a new all-time high of $103,915. This milestone has been driven by growing institutional interest, with BlackRock’s iShares Bitcoin Trust (IBIT) playing a significant role.
Bitcoin’s open interest (OI) now exceeds $63 billion, signaling strong market momentum.
The surge has caught the attention of political leaders, with U.S. President-elect Donald Trump posting a congratulatory message on Truth Social. Trump praised Bitcoin holders for their perseverance and reaffirmed his commitment to collaborating with the crypto industry.
Semler’s Role in the Evolving Bitcoin Ecosystem
As Bitcoin continues to break records, companies like Semler Scientific are shaping the future of corporate cryptocurrency adoption. With its growing Bitcoin treasury, strategic financial moves, and rising stock performance, Semler is positioning itself as a key player in the rapidly evolving Bitcoin economy.
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