tl;dr
Semler Scientific, a healthcare technologies company, has recently purchased 303 Bitcoin at an average price of $96,779, bringing its total holdings to 1,873 Bitcoin valued at over $189 million. The company has been periodically adding to its Bitcoin holdings throughout the year and tracks its perfo...
Semler Scientific, a healthcare technologies company, has purchased 303 Bitcoin at an average price of $96,779, increasing its total holdings to 1,873 Bitcoin valued at over $189 million. The company utilizes a key performance indicator called "BTC Yield" to monitor the ratio of its Bitcoin holdings to shares of common stock, aiming for enhanced returns as Bitcoin gains acceptance as digital gold. This move aligns with a trend of companies, including MicroStrategy and Japan's Metaplanet, bolstering their Bitcoin holdings. Despite this, Semler Scientific's stock finished the day down nearly 7.6%.
Healthcare technologies company Semler Scientific has joined the trend of companies accumulating Bitcoin, acquiring 303 Bitcoin at an average price of $96,779. The company now holds 1,873 Bitcoin valued at over $189 million, tracking its performance with the "BTC Yield" metric. This purchase signifies Semler's continued accumulation of Bitcoin, following a similar move in early November. The company uses shares of common stock to acquire Bitcoin and ranks 14th among publicly traded companies in terms of Bitcoin holdings. This strategy reflects the belief that Bitcoin has the potential to generate exceptional returns as it gains recognition as digital gold, a sentiment echoed by Federal Reserve Chair Jerome Powell.
Other companies, such as MicroStrategy and Japan's Metaplanet, are also pursuing comparable strategies. MicroStrategy uses the BTC Yield indicator to measure the percentage change in the ratio of its total Bitcoin holdings to its outstanding shares, while Japan's Metaplanet has significantly increased its Bitcoin holdings amid a surging bull market. Semler Scientific, listed on the NASDAQ stock exchange as SMLR, has seen its stock rise by nearly 33% this year, though it finished the day down approximately 7.6% at a price of $58.55.