Semler Scientific, a healthcare company, has once again increased its investments in Bitcoin by spending $10 million to purchase 111 bitcoins. This decision is already yielding notable profits.
Semler's Investment in Bitcoin
Semler Scientific, known for its cardiovascular diagnostic tools, announced a $10 million investment in 111 bitcoins. This move is already paying off, as Bitcoin’s price shows signs of recovery.
Company's Financial Results
Since the beginning of the year, the new Bitcoin purchase has yielded a 23.5% return, translating to nearly $2.35 million in profit for Semler. This reflects the company's strong belief in Bitcoin as a store of value and a hedge against inflation.
Bitcoin Market Outlook
Bitcoin's recent surge above the $90,000 mark has sparked renewed interest in the crypto market. As of April 25, Bitcoin is trading at $95,475, up 2.24% in the past 24 hours. Experts suggest that the price could rise further if it stays above $90,000.
Despite previous financial difficulties, Semler Scientific remains committed to Bitcoin, with recent investments showing positive results amid growing market uncertainty.
