Semler Scientific has significantly expanded its Bitcoin holdings by purchasing 215 BTC valued at $17.7 million from November 6 to November 15.
Bitcoin Acquisition
Semler Scientific initiated its Bitcoin purchasing effort in May, acquiring BTC worth $40 million at that time. Following the latest acquisition, the company's total Bitcoin reserves have reached 1,273 BTC. Bitcoin yield has since increased by 37.3%, with a peak of 18.9% from October to November 15.
Other Companies' Strategies
In addition to Semler Scientific, companies like MicroStrategy and Metaplanet continue their efforts to accumulate Bitcoin. MicroStrategy has purchased 51,780 BTC worth $4.6 billion, while Metaplanet plans to issue bonds amounting to $11.3 million for further acquisitions.
Market Impact
Market commentators note that institutional investors' interest in Bitcoin has driven prices higher. Currently, Bitcoin is trading at $90,411, marking a 1.2% increase in the last 24 hours. Despite Bitcoin's high volatility, strategic purchases by companies like Semler Scientific positively influence the overall market outlook.
Semler Scientific's investments in Bitcoin enhance the company's financial performance and encourage similar actions from other institutions. These strategies are evaluated in light of market fluctuations.
