Based

Bitcoin

Bull Market

Million

Semler Scientific (Nasdaq: <a href="https://www.tradingview.com/symbols/NASDAQ-SMLR/" rel="nofollow noopener" target="_blank">SMLR</a>), a medical device company, SMLR, has significantly increased its Bitcoin treasury, <a href="https://ir.semlerscientific.com/news-releases/news-release-details/semler-scientificr-announces-updated-btc-and-atm-activity-0" rel="nofollow noopener" target="_blank">buying 303 Bitcoin</a> (BTC) between November 25 to December 4. Based on current market prices, this acquisition has given it a total holdings of 1,873 BTC worth nearly $190 million. 
<a href="https://www.qubetics.com/?utm_source=TBJ&amp;utm_medium=Semler+Scientific+Adds+303+BTC%2C+Bitcoin+Holdings+Near+%24190+Million" rel="nofollow noopener" target="_blank"><img loading="lazy" decoding="async" class="wp-image-53959 size-full aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/10/0B857336-1674-40D9-B314-0837568BC39D.jpeg" alt="Semler Scientific Adds 303 BTC, Bitcoin Holdings Near $190 Million = The Bit Journal" width="728" height="90" title="Semler Scientific Adds 303 BTC, Bitcoin Holdings Near $190 Million 42" srcset="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/10/0B857336-1674-40D9-B314-0837568BC39D.jpeg 728w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/10/0B857336-1674-40D9-B314-0837568BC39D-300x37.jpeg 300w" sizes="(max-width: 728px) 100vw, 728px"></a> 
At the market offer proceeds, covering a purchase of $29.3 million dollars, were used to fund the recent purchase. This mechanism fights with publicly traded companies who sell and issue shares at market prices by a sales agent. This transaction was jointly participated by Semler and Cantor Fitzgerald &amp; Co., it said in <a href="https://ir.semlerscientific.com/news-releases/news-release-details/semler-scientificr-announces-updated-btc-and-atm-activity-0" rel="nofollow noopener" target="_blank">press release</a>. 
<h2 id="span-style-font-weight-400-semler-scientific-ranks-14th-among-corporate-bitcoin-holders-span">Semler Scientific Ranks 14th Among Corporate Bitcoin Holders</h2> 
<img loading="lazy" decoding="async" class="aligncenter wp-image-74364 size-full" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Bitcoin-holder.webp" alt="Semler Scientific Adds 303 BTC, Bitcoin Holdings Near $190 Million " width="1792" height="1024" title="Semler Scientific Adds 303 BTC, Bitcoin Holdings Near $190 Million 43" srcset="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Bitcoin-holder.webp 1792w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Bitcoin-holder-300x171.webp 300w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Bitcoin-holder-1024x585.webp 1024w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Bitcoin-holder-768x439.webp 768w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Bitcoin-holder-1536x878.webp 1536w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Bitcoin-holder-860x491.webp 860w" sizes="(max-width: 1792px) 100vw, 1792px"> 
The latest move expands Semler Scientific’s Bitcoin bullion to the <a href="https://treasuries.bitbo.io/#public" rel="nofollow noopener" target="_blank">fourteenth</a> largest among what has been determined to be the investible BTC treasuries. In May, the firm began investing in BTC by acquiring 581 BTC for $40 million, the firm said, adding that it has now ‘urgently’ invested another $10 million. Thanks to its BTC strategy, Semler’s leadership believes it is a value-enhancing strategy.&nbsp;Eric Semler, a company chairman, said: 
<blockquote>
 Our bitcoin treasury strategy and purchase of bitcoin underscore our belief that BTC is a reliable store of value and a compelling investment.
</blockquote> 
In 2016, Eric Semler also, who runs financial services firm TCS Capital Management began investing in BTC. As Semler Scientific, he was inspired by MicroStrategy’s successful BTC treasury strategy and fashioned a similar solution. 
Currently, Bitcoin’s priciest owner is MicroStrategy, the world’s largest publicly traded holder of BTC, which holds 402,100 BTC, worth approximately $40 billion. After Eric Semler <a href="https://x.com/SemlerEric/status/1864664586500309276" rel="nofollow" target="_blank">announced</a> Semler bought BTC recently, MicroStrategy Chairman Michael Saylor lauded the move, writing that “$SMLR is a company on the BTC Standard.” Management at the company refused to comment on Saylor’s role in helping Semler develop its BTC strategy. 
<h2 id="span-style-font-weight-400-metaplanet-and-semler-contrasting-approaches-to-bitcoin-during-a-bull-market-span">Metaplanet and Semler: Contrasting Approaches to Bitcoin During a Bull Market</h2> 
<img loading="lazy" decoding="async" class="aligncenter wp-image-74366 size-full" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Metaplanet-and-Semler.webp" alt="Semler Scientific Adds 303 BTC, Bitcoin Holdings Near $190 Million " width="1792" height="1024" title="Semler Scientific Adds 303 BTC, Bitcoin Holdings Near $190 Million 44" srcset="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Metaplanet-and-Semler.webp 1792w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Metaplanet-and-Semler-300x171.webp 300w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Metaplanet-and-Semler-1024x585.webp 1024w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Metaplanet-and-Semler-768x439.webp 768w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Metaplanet-and-Semler-1536x878.webp 1536w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Metaplanet-and-Semler-860x491.webp 860w" sizes="(max-width: 1792px) 100vw, 1792px"> 
It isn’t the first time a leading company has jumped on the BTC bandwagon. While Japan’s Metaplanet isn’t as big as Coincheck, it is still a prominent player in the BTC space and has aggressively expanded its holdings of the digital currency in recent months, bucking a general trend that has seen Bitcoin’s supporters shave their holdings during the recent, buoyant bull market. 
As long term store of value, BTC is what you are investing in with Semler’s BTC investment. The company has confidence that these strategic holdings will help boost shareholder returns and reflect the belief that Bitcoin is poised to deliver sustained financial benefits in the ongoing digital asset landscape. 
The company, which trades under the Semler Scientific ticker on the NASDAQ stock exchange, has since gained 33 percent of its stock this year. However, on December 4, shares fell 7.6 percent, to close at $58.55. Semler’s growing Bitcoin holdings may serve to lock Bitcoin in place as a main player in the world of automation and digital assets. 
<h2 id="span-style-font-weight-400-conclusion-span">Conclusion</h2> 
It’s evidence that, behind the seemingly separate worlds of the traditional industry and digital assets, the line is becoming blurred as they are increasingly coming together. The company boasts about $190 million in Bitcoin holdings, which it hopes will boost shareholder value and cement the company’s place among corporate crypto adopters as a growing wave of institutional confidence in Bitcoin’s ability to thrive in the long term advances. 
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Semler Scientific Adds 303 BTC, Bitcoin Holdings Near $190 Million

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