Semler Scientific, a Nasdaq-listed healthcare technology company, acquired an additional 297 bitcoins (BTC) for $29.1 million. The purchase comes as Bitcoin approaches the highly anticipated $100,000 level.
Semler Scientific expands BTC holdings
Company It has been detected Its latest Bitcoin acquisition came earlier today, coinciding with a slight pullback in Bitcoin’s price from its recent high of over $98,000. With the addition of 297 BTC, Semler Scientific’s total holdings now stand at 1,570 BTC, acquired at a cumulative cost of $117.8 million. The average purchase price for BTC reserves is approximately $75,039 per bitcoin.
According to the announcement, the last Bitcoin acquisition was made between November 18 and 22. 297 Bitcoins were purchased at an average price of $97,995, including related fees and expenses.
In addition to buying Bitcoin, Semler Scientific revealed strong growth in Bitcoin’s return performance. Specifically, from October 1 to November 22, the company’s BTC return was 37.1%. This is slightly lower than Bitcoin’s return from July 1 to November 22, which was close to 58.4%. Commenting, Eric Semler, CEO of Semler Scientific, said:
We are pleased to announce our 58.4% BTC yield and the outstanding progress we are making to accumulate Bitcoin on our balance sheet in a highly accretive manner for our stakeholders.
As a reminder, in May, Semler Scientific Announce It has adopted BTC as a strategic reserve asset. The company’s first BTC purchase was 581 BTC worth $40 million at prevailing market prices.
In August the company He added Another 83 bitcoins for her holdings worth $5 million at prevailing market prices. Notably, earlier this month Semler Scientific scoop Another 47 Bitcoins for $3 million.
US Strategic Reserve Speculation Sparks Bitcoin FOMO
Semler Scientific’s recent Bitcoin purchase is consistent with growing speculation about the creation of a national Strategic Bitcoin Reserve (SBR). Companies like Accurate strategy and Meta Planet They also increased their Bitcoin reserves amid the speculation.
For starters, so is US President-elect Donald Trump expected To create a national SBR. The move could spark a global rush among companies and countries to accumulate bitcoin, a finite digital asset.
If the Trump administration creates a national SBR organization, the United States could join the ranks of a handful of countries like it El Salvador and Bhutan Actively accumulate BTC as a hedge against macroeconomic uncertainty.
The US entering the BTC accumulation game has the potential to be one of the most important bullish catalysts in the history of the digital asset. As Trump’s inauguration approaches. Entities All parts of the world are taking proactive steps to capitalize on a potential shift in US Bitcoin policy.
BTC is trading at $95,980 at press time, down 0.3% over the past 24 hours. The total market value of cryptocurrencies is $3.47 trillion, an increase of 1.2% over the past 24 hours.
Featured image from Unsplash.com, chart from TradingView.com