Semler Scientific, a U.S. medical technology company, is doubling down on Bitcoin, expanding its holdings to over 3,300 BTC.
Eric Semler, the firm’s founder and chairman, announced that the company had added another 111 Bitcoin to its reserves, investing $10 million in the latest purchase.
Semler hinted that this is just the beginning of a much larger Bitcoin strategy.
Since officially adopting Bitcoin as its main treasury asset in May 2024, Semler Scientific has been steadily building its position.
The company’s latest filings show an average acquisition cost just shy of $88,000 per Bitcoin. Their newest batch came in at an average price of around $90,000 each.
The company’s Bitcoin-focused strategy appears to be paying off, with year-to-date returns reaching 23.5%, based on their internal performance tracking.
Semler Scientific had already made headlines in December when it bought 303 BTC, pushing its holdings past 1,800 coins at the time. Now, according to Bitcoin Treasuries data, it ranks as the 14th largest corporate holder of Bitcoin worldwide.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/semler-scientific-expands-bitcoin-holdings-past-3300-btc/