California-based Semler Scientific has announced plans to acquire 105,000 bitcoins over three years, becoming one of the largest BTC holders in the U.S.
Bitcoin Accumulation Plan
Semler Scientific, specializing in medical technologies, announced plans to accumulate 105,000 bitcoins, representing 0.5% of the cryptocurrency's maximum circulating supply.
Funding for Purchases
The accumulation will be funded through a combination of debt financing, equity offerings, and cash flows from the company’s current operations. In 2024, Semler Scientific acquired over 1,500 BTC, including a first purchase of $40 million.
Management Positions and Comments
Currently, the company’s Bitcoin holdings amount to $468.18 million, with an average purchase price of $92,158, yielding a profit of 14.39%. Chairman Eric Semler emphasized their interest in Bitcoin, declaring the company a 'powerhouse in Bitcoin.' CITE_W_A: 'We are really interested in Bitcoin, a powerhouse in Bitcoin.'
Semler Scientific continues to confidently increase its Bitcoin assets despite growing skepticism about the rising number of Bitcoin treasury companies.
