Semler Scientific, a Nasdaq-listed healthcare technology company, acquired an additional 297 bitcoin (btc) for $29.1 million. The purchase comes as bitcoin nears the highly anticipated $100,000 milestone.
Semler Scientific expands its btc holdings
The company <a target="_blank" href="https://ir.semlerscientific.com/news-releases/news-release-details/semler-scientificr-announces-updated-btc-and-atm-activity” target=”_blank” rel=”noopener nofollow”>revealed his latest btc acquisition today, coinciding with a slight pullback in btc price from its recent high of over $98,000. With the addition of 297 btc, Semler Scientific's total holdings now stand at 1,570 btc, acquired at a cumulative cost of $117.8 million. The average purchase price of your btc reserves is approximately $75,039 per bitcoin.
According to the announcement, the last btc acquisition was made between November 18 and 22. The 297 btc were purchased at an average price of $97,995, including related fees and expenses.
In addition to purchasing btc, Semler Scientific revealed strong growth in the performance of its bitcoin performance. Specifically, from October 1 to November 22, the firm's btc Yield stood at 37.1%. This is slightly lower than its btc performance from July 1 to November 22, which was close to 58.4%. Eric Semler, CEO of Semler Scientific, commented:
We are delighted to report a btc performance of 58.4% and the excellent progress we are making in accumulating bitcoins on our balance sheet in a highly beneficial manner for our stakeholders.
To remember, in May, Semler Scientific announced had adopted btc as a strategic reserve asset. The company's first btc purchase was 581 btc worth $40 million at current market prices.
In August, the company aggregate another 83 btc to their holdings worth $5 million at current market prices. Notably, earlier this month Semler Scientific collected another 47 btc for 3 million dollars.
US Strategic Reserve Speculation Ignites bitcoin FOMO
Semler Scientific's latest bitcoin purchase aligns with growing speculation about the creation of a national US Strategic bitcoin Reserve (SBR). Companies like Microstrategy and metaplanet They have also been increasing their bitcoin reserves amid this speculation.
For the uninitiated, US President-elect Donald Trump is expected establish a national SBR. This move could trigger a global race among corporations and nations to accumulate bitcoin, a finite digital asset.
If the Trump administration creates a national SBR, the United States could join the ranks of a handful of countries such as El Salvador and Bhutan actively accumulating btc as a hedge against macroeconomic uncertainties.
The United States' entry into the btc accumulation game has the potential to be one of the most important bullish catalysts in the history of the digital asset. As Trump's inauguration date approaches, entities Around the world they are taking preventive measures to capitalize on the possible change in US policy on bitcoin.
btc is trading at $95,980 at press time, down 0.3% in the last 24 hours. The total crypto market capitalization is $3.47 trillion, up 1.2% in the last 24 hours.
Featured image from Unsplash.com, chart from TradingView.com
