Semler Scientific Expands Bitcoin Holdings to $184 Million

Semler Scientific, a healthcare company based in California, has expanded its Bitcoin holdings, acquiring an additional 303 BTC for $29.3 million between November 25 and December 4.

This latest purchase brings its total Bitcoin holdings to 1,873 BTC, valued at approximately $184 million based on current market prices.

The company bought the Bitcoin at an average price of $96,779 each, factoring in fees and expenses. In total, Semler has invested $147.1 million in Bitcoin, purchasing the cryptocurrency at an average price of $78,553 per coin.

Eric Semler, Chairman of Semler’s Board of Directors, celebrated the firm’s Bitcoin strategy, noting a remarkable 78.7% return on its Bitcoin investments since the approach was implemented in the third quarter. This return is seen as a key indicator of the effectiveness of the company’s strategy, which involves funding these Bitcoin acquisitions by issuing new common stock.

READ MORE:

One More U.S State Wants to Add Bitcoin to its Reserves

With its growing Bitcoin treasury, Semler Scientific has climbed to the 14th position among institutional Bitcoin holders, ranking just behind prominent companies like MicroStrategy and Marathon Digital.

Although news of the company’s increased Bitcoin holdings did not immediately boost its stock, which closed down 7.65% at $58.55, there was a slight recovery in after-hours trading with a 1.3% increase. Despite the stock dip, Semler Scientific’s shares have risen 32.5% year-to-date and 46% over the past month, reflecting investor optimism.

The company’s strategic Bitcoin investment highlights a growing institutional confidence in the cryptocurrency as a long-term asset, mirroring a broader trend of businesses incorporating Bitcoin into their financial strategies.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.