Introduction
Semler Scientific, a healthcare tech firm, made a big move. It bought 303 Bitcoin for $29.3 million. The purchase happened between November 25 and December 4. Each Bitcoin cost an average of $96,779. Now, the company owns a total of 1,873 Bitcoin. This step shows how much the company trusts Bitcoin’s future. Bitcoin is seen as a safe place to store value. Semler believes it can give strong returns. Therefore, it keeps adding more Bitcoin to its reserves.
Bigger Bitcoin Treasury
Semler’s Bitcoin treasury keeps growing. The chairman, Eric Semler, calls Bitcoin “digital gold.” He sees it as a smart way to save money and make profits. With this latest purchase, the company’s Bitcoin yield jumped. It rose from 54.7% to 78.7%. In addition, Semler’s stock price has seen big gains. Over the past three months, the price rose 149%. Shares are now trading at $59. This rise shows how Bitcoin can boost a company’s value.
Many Companies Support Bitcoin
Bitcoin is gaining trust among big companies. More firms are using it to store their extra funds. Semler is now part of this growing trend. It follows companies like MicroStrategy. Recently, MicroStrategy bought 15,400 Bitcoin for $1.5 billion. This brought its total holdings to 402,100 Bitcoin. Semler, while smaller, is making steady progress. It now ranks as the 13th largest public Bitcoin holder. This strategy shows its belief in Bitcoin’s long-term power.
Bitcoin Hits a New Record
Semler’s purchase comes at a big moment for Bitcoin. The cryptocurrency recently reached a new high price. It climbed to $103,915, breaking past previous records. Large investors have played a big role in this rise. BlackRock’s Bitcoin Trust, for example, has driven more demand. Open interest in Bitcoin also crossed $63 billion. Moreover, Bitcoin’s rise has caught the attention of leaders. President-elect Donald Trump even praised Bitcoin holders. He noted their patience and success in sticking with the currency.
Semler Raises Funds for Its Bitcoin Plan
Semler has also raised more money to grow its Bitcoin strategy. The company sold $100 million worth of shares. This was done through an At-the-Market (ATM) offering. Through this method, Semler raised $79.8 million. The funds are being used to support its Bitcoin plan. The company first started its Bitcoin journey in May. It bought 581 Bitcoin for $40 million. Since then, Semler has kept growing its holdings. It shows a strong belief in Bitcoin as a reliable asset.
Why Bitcoin Matters to Semler
Semler sees Bitcoin as a key part of its future. The company believes it is a way to protect money from market risks. It also sees Bitcoin as a tool to grow profits. This strategy is not just about buying more Bitcoin. It is also about setting an example. Semler shows how a company can use Bitcoin to build value.
The post Bitcoin Growth Drives Semler Success first appeared on The VR Soldier.
