Semler Scientific Adds 871 Bitcoins to Holdings Worth $88.5 Million

Semler Scientific has made another significant investment in Bitcoin, purchasing 871 Bitcoins between January 11 and February 3. The total value of the purchase is $88.5 million, with the average price per Bitcoin being $101,616.

The company’s Bitcoin treasury now sits at 3,192 BTC, with a total spent so far of $280.4 million. This averages out to $87,854 per BTC. If Semler Scientific were to sell its Bitcoin holdings at the current price of $99,000, its profit would be approximately $35.58 million.

Semler Scientific is one of just 29 publicly traded companies that hold Bitcoin on their balance sheet. The company’s stock price has seen significant growth since announcing its big Bitcoin move in May 2024, with a peak increase of 223%. Even now, the stock is trading 105% higher than before the announcement.

The timing of this latest purchase is interesting, given the uncertainty in the market at the time. However, Semler is sticking to his vision, inspired by Michael Saylor, who believes that Bitcoin is the ultimate hedge and a more reliable store of value than gold or the U.S. dollar.

Semler Scientific’s decision to double down on Bitcoin has so far been successful, with the company generating a Bitcoin yield of 152% since July 1, 2024. The company’s holdings are now worth significantly more, with a total value of $280.4 million.

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