Semler Scientific announced a significant increase in its bitcoin assets after acquiring 215 BTC.
Purchase Details
From November 6 to 15, 2024, Semler Scientific acquired 215 bitcoins for $17.7 million, at an average price of $82,502 per bitcoin, inclusive of fees and expenses.
Rise in Bitcoin Yield
As of November 15, 2024, Semler Scientific holds 1,273 bitcoins, acquired at a total purchase price of $88.7 million and an average price of $69,682 per bitcoin. The company's bitcoin yield increased by 18.9% from October 1 to November 15.
Similar Moves by Other Companies
Following the latest update, the company’s shares on NASDAQ jumped by 10.36% to $49.09. Semler Scientific isn’t the only firm betting on bitcoins: MicroStrategy recently acquired 51,780 bitcoins for $4.6 billion, setting a new investment record. Metaplanet also plans to obtain additional bitcoin after issuing one-year bonds worth 1.75 billion yen (about $11.3 million).
Institutional adoption of Bitcoin continues to grow, potentially driving its price to new heights in the future.
