Bitcoin

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Semler Scientific, a medical technology and software company based in California, has acquired a significant amount of Bitcoin (BTC). According to <a href="https://x.com/SemlerEric/status/1864660094971203752" rel="noopener noreferrer nofollow">Eric Semler</a>, chairman and founder, in an X post, the company acquired 303 BTC for approximately $29.3 million.
<h2 id="following-microstrategy-s-playbook">Following MicroStrategy’s playbook</h2>
The recent purchase of Bitcoin was at an average cost of about $96,799 per BTC. Semler Scientific claims it has achieved a Bitcoin yield of 54.7%, quarter-to-date (QTD) so far, with its acquisition of BTC. Since adopting Bitcoin as its treasury strategy in May of this year, the figure is 78.7%.
<blockquote class="twitter-tweet">
 Semler Scientific has acquired 303 BTC for ~$29.3 million at ~$96,779 per <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#bitcoin</a> and has generated BTC Yield of 54.7% QTD and 78.7% since adopting our BTC treasury strategy in May. As of 12/4/2024, we held 1,873 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> acquired for ~$147.1 million at ~$78,553 per bitcoin. <a href="https://twitter.com/search?q=%24SMLR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SMLR</a>— Eric Semler (@SemlerEric) <a href="https://twitter.com/SemlerEric/status/1864660094971203752?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 5, 2024</a>
</blockquote>
The recent addition takes Semler Scientific’s cumulative Bitcoin holding to 1,873 BTC. This total haul cost the company $147.1 million at an average acquisition price of $78,553 per Bitcoin.
With the current price of Bitcoin <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">trading</a> at $102,411 as of this writing, Semler Scientific already has made a profit of $1,700,436 on its 303 BTC purchase. However, based on its total holding of 1,873 BTC, Semler’s profit margin is approximately $44,686,034.
This margin highlights the profitability of Bitcoin to Semler Scientific since betting on the asset. This indicates that the company’s approach has surpassed traditional treasury strategies for investment.
<h2 id="will-trend-in-corporate-bitcoin-adoption-grow">Will trend in corporate Bitcoin adoption grow?</h2>
Semler Scientific's investment in Bitcoin as part of its corporate strategy mirrors MicroStrategy’s. The business intelligence firm recently added 15,400 BTC at approximately $1.5 billion to its Bitcoin bag. <a href="https://u.today/microstrategy-buys-15-billion-worth-of-bitcoin" rel="noopener noreferrer nofollow">MicroStrategy</a> currently holds a staggering 402,100 BTC, or 2% of all Bitcoin.
Michael Saylor, the executive chairman of MicroStrategy, remains a Bitcoin enthusiast with an unshaken belief in the asset.
Saylor recently gave a three-minute presentation to <a href="https://u.today/microstrategys-saylor-pitches-bitcoin-to-microsoft-board" rel="noopener noreferrer nofollow">Microsoft’s Board of Directors</a> on why the tech giant should embrace Bitcoin. Saylor has always emphasized that Bitcoin has assisted MicroStrategy in outpacing every stock in the S&amp;P 500 index and recommends it to others.
Besides Semler Scientific, the Japanese publicly traded firm<a href="https://u.today/metaplanet-will-not-stop-buying-bitcoin-adds-2188-btc-to-portfolio" rel="noopener noreferrer nofollow">Metaplanet</a> is also following the playbook of MicroStrategy in the acquisition of Bitcoin. As of October, Metaplanet has raised its total Bitcoin holdings to 1,018.17 BTC. <a href="https://u.today/microstrategy-imitator-semler-scientific-buys-303-bitcoin" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

MicroStrategy Imitator Semler Scientific Buys 303 Bitcoin

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