Semler Scientific, a US medical tech company, has added another $10 million worth of Bitcoin to its reserves. This latest purchase brings their total Bitcoin holdings to a hefty 3,303 BTC.
Another Big Bitcoin Buy
Company founder and chairman, Eric Semler, announced the purchase of 111 more Bitcoin on X (formerly Twitter), boasting that the company is “just getting started” with its Bitcoin investment strategy.
Impressive Growth and Returns
Semler Scientific adopted Bitcoin as its primary reserve asset in May 2024. Their average cost per Bitcoin is just under $88,000, and they’ve seen a 23.5% year-to-date return on their Bitcoin investment. This latest purchase brings their total investment in Bitcoin to approximately $290.4 million.
Climbing the Bitcoin Leaderboard
With this latest acquisition, Semler Scientific now ranks 14th among companies holding the most Bitcoin, according to Bitcoin Treasuries. The company previously purchased 303 Bitcoin in December, significantly boosting their holdings at that time.
Bitcoin’s Current Market Performance
At the time of writing, Bitcoin is trading at $95,068, up 1.8% in the last 24 hours.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.
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