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bitcoin

Semler Scientific Grows Bitcoin Portfolio With 297 BTC Purchase

Ash Tiwari
by Ash Tiwari
9 months ago
·
Posted in Bitcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Semler Scientific, a Nasdaq-listed healthcare technology firm, has acquired an additional 297 Bitcoin (BTC) for $29.1 million. The purchase comes as Bitcoin edges closer to the highly anticipated $100,000 milestone.

Semler Scientific Expands BTC Holdings

The company disclosed its latest BTC acquisition earlier today, coinciding with a slight pullback in BTC’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 of its BTC reserves is approximately $75,039 per Bitcoin.

Related Reading: Japan’s Metaplanet Scoops Another 108 Bitcoin, Inches Closer To 1000 BTC Target

According to the announcement, the latest BTC acquisition was made between November 18 and November 22. The 297 BTC were purchased at an average price of $97,995, including fees and related expenses.

In addition to buying BTC, Semler Scientific disclosed strong growth in its Bitcoin Yield performance. Specifically, from October 1 to November 22, the firm’s BTC Yield stood at 37.1%. This is slightly lower than its BTC Yield from July 1 to November 22, which was close to 58.4%. Commenting, Eric Semler, the CEO of Semler Scientific said:

We are thrilled to report a 58.4% BTC Yield and the outstanding progress we are making to accumulate bitcoin on our balance sheet in a highly accretive way for our stakeholders.

To recall, in May, Semler Scientific announced it had adopted BTC as a strategic reserve asset. The company’s first BTC purchase was of 581 BTC worth $40 million at prevailing market prices.

In August, the company added another 83 BTC to its holdings worth $5 million at prevailing market prices. Notably, earlier this month Semler Scientific scooped another 47 BTC for $3 million.

US Strategic Reserve Speculations Igniting Bitcoin FOMO

Semler Scientific’s latest Bitcoin purchase aligns with growing speculation about creating a US national Strategic Bitcoin Reserve (SBR). Companies like MicroStrategy and Metaplanet have also been increasing their Bitcoin reserves amid this speculation.

For the uninitiated, US president-elect Donald Trump is expected to establish a national SBR. This move could trigger a global rush among corporations and nations to accumulate Bitcoin, a finite digital asset.

Related Reading: Bitcoin Out, Gold In: Senator’s Bold Proposal To Replenish US Reserves

Should the Trump administration create a national SBR, the US could join the ranks of a handful of countries like El Salvador and Bhutan actively accumulating BTC as a hedge against macroeconomic uncertainties.

The US entering the BTC accumulation game holds the potential to be one of the most significant bullish catalysts in the digital asset’s history. As Trump’s inauguration date comes closer, entities worldwide are taking preemptive steps to capitalize on the potential shift in US Bitcoin policy.

BTC trades at $95,980 at press time, down 0.3% in the past 24 hours. The total crypto market cap is $3.47 trillion, up 1.2% in the past 24 hours.

bitcoin
BTC trades at $95,980 on the daily chart | Source: BTCUSDT on TradingView.com
Featured Image from Unsplash.com, Chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Ash Tiwari

Ash Tiwari

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Ash is a seasoned freelance editor and writer with extensive experience in the blockchain and cryptocurrency industry. Over the course of his career, he has contributed to major publications, playing a key role in shaping informative, timely content related to decentralized finance (DeFi), cryptocurrency trends, and blockchain innovation. His ability to break down complex topics has allowed both seasoned professionals and newcomers to the industry to benefit from his work. Beyond these specific roles, Ash's writing expertise spans a wide array of content, including news updates, long-form analysis, and thought leadership pieces. He has helped multiple platforms maintain high editorial standards, ensuring that articles not only inform but also engage readers through clarity and in-depth research. His work reflects a deep understanding of the rapidly evolving blockchain ecosystem, making him a valuable contributor in a field where staying current is essential. In addition to his writing work, Ash has developed a strong skill set in managing content teams. He has led diverse groups of writers and researchers, overseeing the editorial process from topic selection, approval, editing, to final publication. His leadership ensured that content production was timely, accurate, and aligned with the strategic goals of the platforms he worked with. This has not only strengthened his expertise in content strategy but also honed his project management and team coordination skills. Ash's ability to combine technical expertise with editorial oversight is further bolstered by his knowledge of blockchain analysis tools such as Etherscan, Dune Analytics, and Santiment. These tools have provided him with the data necessary to create well-researched, insightful articles that offer deeper market perspectives. Whether it’s tracking the movement of digital assets or analyzing blockchain transactions, his analytical approach adds value to the content he produces, ensuring readers receive accurate and actionable information. In the realm of content creation, Ash is not limited to just cryptocurrency markets. He has demonstrated versatility in covering other emerging technologies, market trends, and digital transformation across various industries. His in-depth research, coupled with a sharp editorial eye, has made him a sought-after professional in the freelance writing community. From developing editorial calendars to managing content delivery schedules, he has honed a meticulous approach to project management that ensures timely, high-quality work delivery. Throughout his freelance career, Ash has consistently focused on improving audience engagement through well-researched, insightful, and relevant content. His ability to adapt to the evolving needs of clients, whether it's enhancing the visibility of digital platforms or producing thought-provoking pieces for a wide range of audiences, sets him apart as a dynamic force in the field of digital content creation. His contributions have helped to shape a well-rounded portfolio that showcases his versatility, technical expertise, and dedication to elevating the standards of journalism in blockchain and related sectors.

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