Semler Scientific Inc. has announced its intent to substantially increase its Bitcoin holdings. The company currently holds 3,808 BTC and plans to reach 105,000 BTC by 2027.
Semler Scientific's Bitcoin Plan
Semler Scientific plans to expand its Bitcoin holdings from 3,808 to 105,000 BTC by 2027. The company aims to achieve this target through equity offerings, debt financing, and cash flow. To spearhead this initiative, Semler appointed Bitcoin researcher Joe Burnett as its new director of Bitcoin strategy. If Semler achieves its goal, it would control 0.5% of Bitcoin's fixed supply of 21 million. However, some analysts have raised concerns about the potential decline in the company's stock value.
Kraken Launches Bitcoin Staking
Kraken has launched a new Bitcoin staking product through Babylon Labs. The service allows users to earn rewards without leaving the exchange. Users can stake their BTC directly on the platform, creating more earning opportunities while also supporting proof-of-stake networks. This initiative is part of a broader BTCFi trend aimed at providing additional utility to Bitcoin.
New Bitcoin Yield Product from XBTO and Arab Bank
Crypto investment firm XBTO has partnered with Arab Bank Switzerland to launch a Bitcoin yield product tailored for the bank's wealth management clients. This product enables holders to generate income from Bitcoin without liquidating their assets. The strategy applied by XBTO focuses on accumulating Bitcoin and selling options to collect premiums, thus ensuring low volatility.
Semler Scientific's Bitcoin accumulation plans, together with new services launched by Kraken and XBTO, reflect the growing interest in Bitcoin as both a store of value and a source of income in investment strategies.
