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.
[adinserter block="1"]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.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
