The U.S.-based medical technology company, Semler Scientific, has recently bolstered its financial portfolio by adding $50 million worth of Bitcoin
$
0.000039. Between May 13th and 22nd, the company purchased 455 Bitcoins, with an average cost of $109,801 each, elevating its total holdings to 4,264 BTC. This strategic move increased the current value of Semler’s cryptocurrency portfolio to over $457.6 million. Despite a recent 4% decline in Bitcoin’s value over 24 hours, the investment’s profit rate was reported at 25.8%, positioning Semler Scientific in 13th place among global corporate Bitcoin holders.
Semler Scientific’s Bitcoin Strategy
Semler Scientific’s aggressive acquisitions in 2024 have drawn considerable attention. The company maintains an average Bitcoin purchase price of $91,471, with total expenditures reaching $390 million. Chairman of the Board Eric Semler emphasized that the portfolio has appreciated by 25.8% since the beginning of the year. According to him, “Bitcoin is at the core of our long-term growth plans.”
This investment strategy has become one of the defining maneuvers that distinguish the company in the digital asset marketplace. Semler Scientific continued acquiring Bitcoin even when its price peaked at $111,814. Despite market fluctuations, the company successfully managed to preserve its portfolio, an approach that is being closely monitored by investors and competitors.
Rising Institutional Bitcoin Investments in the U.S.
Semler Scientific has become the second publicly traded company in the U.S. to adopt Bitcoin as a treasury asset, following in the footsteps of MicroStrategy in 2020. MicroStrategy, a leader among institutional investors, holds 576,230 BTC valued at $62 billion.
There is an escalating trend among U.S. corporations to build cryptocurrency reserves. Financial analysts note that the integration of digital assets into corporate strategies is emerging as a new trend. Semler Scientific’s recent actions provide strong indications of the continuation of this trend. Concerns about inflation and the depreciation of the dollar are particularly driving companies to seek alternative assets.