Medical technology and software company Semler Scientific continues to stash up its crypto holdings since copying MicroStrategy’s Bitcoin (BTC) treasury strategy in May.
In a post on social media platform X, Semler Scientific chairman and founder Eric Semler says the California-based firm just bought an additional 303 BTC for its crypto trove.
The development comes as Semler Scientific sees significant gains in its BTC Yield, a metric that the company uses to track the success of its Bitcoin strategy.
“Semler Scientific has acquired 303 BTC for ~$29.3 million at ~$96,779 per Bitcoin and has generated BTC Yield of 54.7% QTD and 78.7% since adopting our BTC treasury strategy in May.”
Semler Scientific says it bought Bitcoin using the proceeds from the sale of shares in its at-the-market (ATM) offering.
With its recent purchase, the company now holds 1,873 BTC, which was bought for $147.1 million at $78,553 per Bitcoin. The flagship cryptocurrency is currently trading for $96,733.
Business intelligence firm MicroStrategy is still the largest corporate holder of Bitcoin. The company also recently bought 15,400 BTC for $1.5 billion at an individual average price of $95,976. It now owns 402,100 BTC which were bought at an average price of $58,263 per Bitcoin.
MicroStrategy’s BTC stash now represents 1.9% of the total Bitcoin supply, which is capped at 21 million.
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