The world of cryptocurrency has captured attention again with major Bitcoin acquisitions by large companies. Semler Scientific recently invested by purchasing Bitcoin worth $21.5 million.
Semler Scientific's Bitcoin Acquisition
On December 16, 2024, Semler Scientific, a company specializing in medical technology, acquired 211 BTC worth $21.5 million. According to Eric Semler, the company's chairman, this purchase was made at the price of $101,890 per BTC. This acquisition follows MicroStrategy's recent purchase of 15,350 BTC for $1.5 billion.
Firm's Growing Bitcoin Holdings
The recent purchase has increased Semler Scientific's Bitcoin holdings to 2,084 BTC, totaling $168.6 million at an average price of $80,916 per Bitcoin. This marks the firm's third purchase in the past two months: the first was made on November 25, 2024, for $29.1 million, followed by another on December 5, 2024.
Bitcoin Price Momentum
Currently, Bitcoin is trading near $103,756, having risen by 1.15% in the past 24 hours. During the same period, trading volume increased by 61%, indicating heightened investor and trader interest as the price continues to trend upward.
Semler Scientific's recent investments reflect growing institutional interest in Bitcoin, which could lead to further market shifts.
