Healthcare company Semler Scientific has significantly expanded its Bitcoin holdings with a new purchase of 215 BTC, worth $17.7 million.
This latest acquisition, made between November 6 and November 15, brings the firm’s total Bitcoin stash to 1,273 BTC. The company paid an average price of $82,502 per Bitcoin, including all associated fees.
Semler has been building its Bitcoin position since May, when it initially purchased $40 million worth of Bitcoin, inspired by MicroStrategy’s Bitcoin investment model. The firm has since made additional large BTC buys, increasing its holdings to over 1,000 BTC earlier this month.
The company’s strategy is paying off, with Semler reporting an 18.9% increase in Bitcoin yield from October 1 to November 15. Overall, its Bitcoin holdings have generated a 37.3% yield since the acquisition began. The firm’s decision to purchase Bitcoin at a time when the cryptocurrency is experiencing record highs has proven advantageous, as all of its holdings are now profitable.
Semler’s bold Bitcoin investment approach has also positively impacted its stock price, which surged by 10.36%, reaching $49.09 on the NASDAQ. Investors are clearly responding favorably to the company’s exposure to Bitcoin.
Bitcoin (BTC) managed to surge past the price mark of $89,000, as investors flock to the cryptocurrency amidst traditional market turbulence and increasing political uncertainties.
Bitcoin exchange-traded funds in the U.S. saw a major resurgence on April 21, marking their strongest day for net inflows in nearly three months.
Tokyo-based Metaplanet has continued its aggressive Bitcoin strategy, now holding over $400 million in BTC following its latest acquisition.
Bitcoin has staged a strong comeback, briefly pushing beyond $87,000 for the first time in weeks as liquidity conditions improve globally and institutional players show signs of renewed appetite, even while concerns around U.S. trade tensions keep broader markets on edge.