tl;dr
Semler Scientific, a California company, has acquired 273 BTC, investing approximately $23.3 million when BTC was experiencing bearish price volatility. Since adopting a Bitcoin treasury strategy in May 2024, the company has generated a Bitcoin yield of 99.3%, with total holdings of 2,231 BTC as of ...
Semler Scientific, a California company, has acquired 273 BTC, investing approximately $23.3 million when BTC was experiencing bearish price volatility. Since adopting a Bitcoin treasury strategy in May 2024, the company has generated a Bitcoin yield of 99.3%, with total holdings of 2,231 BTC as of Jan. 10, 2025, at a cumulative acquisition cost of approximately $191.9 million. The company's total bag was acquired at an average purchase price of $82,687 per Bitcoin.
The recent acquisition reflects a strategic move amid price volatility, inspired by the success of MicroStrategy, with Bitcoin trading volume soaring by 152.98% to $48.06 billion in the last 24 hours. As of this writing, Bitcoin changed hands at $90,911.17, representing a 4.09% decline in the last 24 hours, while MicroStrategy continues to lead in total accumulation at 447,470 BTC.
Corporate players like Semler Scientific have been inspired by MicroStrategy's success in Bitcoin accumulation, with many corporate adopters seeing the significant gains achieved by MicroStrategy's investment. This development has fueled the adoption seen among corporate players in the realm of cryptocurrencies and stock investments.
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