Semler Scientific, a company based in California, has expanded its Bitcoin (BTC) investments by acquiring an additional 303 BTC, bringing its total holdings to 1,873 BTC. The current market value of these assets is over $184 million, highlighting the firm’s aggressive stance in the cryptocurrency market.
How Much Did Semler Invest in Bitcoin?
The Nasdaq-listed medical product manufacturer announced that it invested $29.3 million for the recent purchase of Bitcoin during the final week of November and early December. This acquisition translates to an average expenditure of $96,779 per Bitcoin, thus increasing their overall portfolio to 1,873 BTC.
Cumulatively, Semler has invested approximately $147.1 million in acquiring its Bitcoin assets, achieving an average cost of $78,553 per BTC. The company expressed satisfaction with a significant 78.7% return since July, asserting that this strategy enhances shareholder value.
- The company’s Bitcoin treasury strategy effectively draws market interest.
- Funding for Bitcoin purchases is sourced from issuing new shares.
- Semler ranks as the 14th largest public Bitcoin investor, following leaders like MicroStrategy.
Despite a recent 7.65% drop in share price to $58.55, Semler’s stock has increased by 32.5% year-to-date, illustrating the positive influence of its Bitcoin investment strategy on overall company performance.