Semler Scientific Bitcoin holdings rise after latest $10M purchase

Semler Scientific, a healthcare technology corporate that specializes in medical diagnostic equipment, has again added to its BTC reserves. In a recent announcement on April 25, the company revealed that it had purchased an additional 111 Bitcoin for $10 million. This recent purchase by the organisation made its total treasury to 3,300 BTC, Its approximate worth is $300 million currently. 

The average price for this purchase was about $90,000 per coin. With BTC trading at approximately $95,000 as of April 25, the company’s bet on BTC seems to be paying off. Since the start of 2024, Semler Scientific Bitcoin yield has increased by 23.5%, i.e., each outstanding share now holds a greater value of this currency. The coin is currently trading at $94,600 as per CoinMarketCap. 


Source: X

What is Bitcoin Yield?

Bitcoin yield is a metric employed by the company to indicate the amount of the coin it possesses per share of company stock. It's a way for investors to understand how much crypto coin they "own" indirectly by holding Semler stock. A higher yield means more BTC per share. According to the company, this metric helps show how valuable their Bitcoin strategy is for shareholders.

The organisation started buying this crypto more actively earlier this year. To help fund these purchases, it issued about $125 million in new stock. The company also shared plans back in January to raise an extra $75 million through a private sale of convertible notes.

Why Are Firms Purchasing Bitcoin?

Semler is not the only business organisation focusing on this superior digital currency. A primary reason is the success of Michael Saylor's firm, Strategy (previously MicroStrategy). The stock price of Strategy rose more than 350% in 2024 alone, all because of its massive holdings. This success story has inspired other firms, like Semler, to follow the same path.

Right now, corporate crypto holdings worldwide are valued at around $71 billion. Strategy leads the pack, with more than $50 billion worth of BTC in its treasury. Just last week, Strategy bought another 6,556 coins at an average price of $84,785 per coin. Total number of coins that microstrategy accumulated is 538,200. 

ETFs Still Ahead, But Corporates Are Catching Up

While corporate buying is growing fast, it still trails behind BTC exchange-traded funds (ETFs). These ETFs, used by both retail and institutional investors, hold a combined $110 billion in this cryptocurrency. But corporate treasuries are starting to catch up, as more companies see this coin as a strong asset to protect against inflation and add value to their stocks.

Final Thoughts

Semler Scientific’s growing interest in Bitcoin shows a big change in how traditional businesses are thinking. What was once a risky bet is now being seen as a smart financial move by some. With more companies like Semler joining the trend, corporate buying could keep climbing throughout 2024. Investors will be watching closely to see if this strategy continues to boost share value and attract new interest in both the company and the asset. 

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