Semler Scientific, listed on Nasdaq, has revealed its acquisition of 83 Bitcoin valued at $5 million, boosting its total cryptocurrency holdings to 1,012 BTC bought for $68 million.<\/p>\n
Following in the footsteps of MicroStrategy, Semler Scientific has purchased an additional 83 BTC totaling $5 million, aligning with the trend of incorporating Bitcoin into the company’s asset reserve.<\/p>\n
Eric Semler, the chairman of Semler Scientific, expressed optimism about the growing institutional acceptance of Bitcoin, linking it to the rise in value both for the cryptocurrency and the shareholders.<\/p>\n
Beginning in May 2024, Semler Scientific initiated its Bitcoin investment journey with the purchase of 654 BTC for $40 million, designating Bitcoin as its primary treasury asset. Subsequent investments include 247 BTC for $17 million and 101 BTC for $6 million.<\/p>\n
The company is unwavering in its trust in BTC as a long-term asset despite the absence of significant Bitcoin price fluctuations post-purchase.<\/p>\n
CoinGecko data indicates that 29 public companies worldwide hold over 320,000 BTC collectively in their corporate treasuries, with MicroStrategy leading the pack at over 225,000 BTC valued at more than $14 billion.<\/p>\n
Among the companies are Galaxy Digital Holdings, Tesla, and Coinbase, owning more than 1.6% of all BTC, demonstrating the increasing adoption of Bitcoin as a reliable inflation hedge.<\/p>\n
Wall Street giants like Goldman Sachs foresee this trend continuing, particularly with recent approvals of Bitcoin-based exchange-traded funds (ETFs), giving further legitimacy to the digital asset.<\/p>\n
The approval of crypto ETFs has had a positive influence on other digital currencies like Solana (SOL) and Ethereum-based ETFs in the US, attracting substantial investments despite market challenges.<\/p>\n
Bitcoin ETFs have seen significant success in 2024, amassing close to $18 billion, with potential for increased institutional engagement post the US Federal Reserve’s anticipated interest rate cuts starting in September 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"
Semler Scientific, listed on Nasdaq, has revealed its acquisition of 83 Bitcoin valued at $5 million, boosting its total cryptocurrency holdings to 1,012 BTC bought for $68 million. Semler Scientific Continues to Expand Bitcoin Holdings Following in the footsteps of MicroStrategy, Semler Scientific has purchased an additional 83 BTC totaling $5 million, aligning with the […]<\/p>\n","protected":false},"author":1,"featured_media":18092,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Semler Scientific Invests $5 Million in Bitcoin - Bitrabo","description":"Semler Scientific, listed on Nasdaq, has revealed its acquisition of 83 Bitcoin valued at $5 million, boosting its total cryptocurrency holdings to 1,012 BTC bo"},"footnotes":""},"categories":[316],"tags":[3923,448,506,561,2103,7713,7714,1244],"class_list":["post-18091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-adds","tag-bitcoin","tag-holdings","tag-million","tag-scientific","tag-semler","tag-semler-scientific","tag-worth"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/18091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=18091"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/18091\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/18092"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=18091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=18091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=18091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}