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bitcoin

Semler Scientific Snaps Up 871 Bitcoin, While MicroStrategy Temporarily Halts BTC Accumulation

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

In an announcement today, medical device manufacturer Semler Scientific revealed that it has acquired an additional 871 Bitcoin (BTC) to strengthen its treasury reserves. Meanwhile, MicroStrategy, the largest corporate BTC holder, appears to have temporarily halted its weekly Bitcoin purchases.

Semler Scientific Expands Its Bitcoin Holdings

Despite BTC fluctuating around the $100,000 price level amid heightened global tensions over US trade tariffs, Nasdaq-listed Semler Scientific has purchased an additional 871 BTC for $88.5 million at an average price of $101,616 per coin.

Related Reading: MicroStrategy Buys 2,530 Bitcoin Amid Crypto Market Pullback – Will BTC Recover?

Notably, the acquisition took place between January 11 and February 3, according to Semler Scientific’s latest 8-K filing with the U.S. Securities and Exchange Commission (SEC). The filing also indicates that the purchase was funded using proceeds from the company’s January 2025 senior convertible notes offering.

Additionally, part of the funding came from liquidating a portion of Semler Scientific’s minority investment in Monarch Medical Technologies. It is worth noting that in December 2024, the company had already acquired 303 BTC as part of its Bitcoin investment strategy.

As of February 3, Semler Scientific holds a total of 3,192 BTC, valued at approximately $320 million at current market prices. The company’s average purchase price per BTC stands at $87,854, with total acquisition costs, including fees and expenses, amounting to $280.4 million.

Commenting on the development, Semler Scientific Chair, Eric Semler, said that the company is excited about the progress it is making with regard to expanding its BTC reserves. Semler added:

We were especially pleased with our successful convertible notes offering, which was substantially oversubscribed with investor demand. Additionally, we were pleased to have monetized a part of our investment in Monarch Medical in order to buy more bitcoin.

Following today’s announcement, Semler Scientific’s shares are up 2.05% at the time of writing. However, on a year-to-date (YTD) basis, the firm’s shares are down 8.42%.

Semler
Source: Yahoo! Finance

MicroStrategy Hits Pause On BTC Purchases

Meanwhile, business intelligence firm MicroStrategy appears to have temporarily paused its routine BTC acquisitions. According to CEO Michael Saylor, the company did not purchase any Bitcoin last week, breaking a trend of periodic BTC accumulation.

Related Reading: MicroStrategy May Face Tax Issues Over $19 Billion Unrealized Bitcoin Gains: Report

MicroStrategy’s latest BTC purchase was announced on January 27, when the company bought 10,107 BTC for $1.1 billion. The purchase pushed the company’s total BTC holdings to 471,107 BTC.

In related news, Japanese firm Metaplanet recently announced plans to raise up to $745 million to expand its Bitcoin reserves. The company aims to accumulate 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026.

Similarly, Canada-based video sharing platform Rumble made its first BTC purchase earlier this year. At press time, BTC trades at $99,263, up 0.5% in the past 24 hours.

bitcoin
BTC trades at $99,263 on the daily chart | Source: BTCUSDT on TradingView.com
Featured Image from Unsplash.com, Charts from Yahoo! Finance and 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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