Simply put
– Semler Scientific acquired 167 Bitcoin valued at $16.2 million between April 30th and May 2nd. – The firm, which began its Bitcoin purchases last year, is expanding its strategy to accumulate more tokens.
SEMLER Scientific bought 167 Bitcoins for $16.2 million during the period from April 30th to May 2nd, increasing its total BTC holdings to 3,634.
The company’s Bitcoin Treasury is valued at approximately $342 million, based on a Bitcoin price of $94,286 at the time of writing, according to data from Coingecko.
Sèmeler Scientific stock is trading at $34.10, having dropped 5% in the last day. Nevertheless, since initiating its Bitcoin purchases last year, the stock value has increased by about 23%.
The company obtained 167 Bitcoins at an average price of $97,093 each, inclusive of fees. As of May 2nd, the average price for their Bitcoin stash was $88,668.
The latest acquisition by Semler Scientific aligns with a broader trend among companies to enhance their Bitcoin-driven strategies, a movement that gained traction in 2020 with a focus on Bitcoin accumulation.
In the last ten days, Semler has reported executing three significant Bitcoin purchases, adding over $40 million in tokens to its assets.
This recent buying spree occurs as the digital asset market has seen positive momentum, with U.S. Bitcoin ETFs attracting $1.8 billion last week. Despite a dip on Monday, Bitcoin has gained more than 6% over the past two weeks, reflecting a rise in risk-taking by investors eager to see an end to ongoing trade conflicts.
In light of this positive market outlook, Semler Scientific’s CEO openly reiterated the company’s commitment to Bitcoin.
“If we lose money with Bitcoin, it’s not going to force us to sell,” he stated at an investor event in New York last month. “If you don’t like what you did with Bitcoin, you can sell or stop it.”
