{"id":23662,"date":"2024-11-26T13:15:20","date_gmt":"2024-11-26T13:15:20","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/?p=23662"},"modified":"2024-11-26T13:15:20","modified_gmt":"2024-11-26T13:15:20","slug":"semler-scientific-expands-bitcoin-holdings-with-strategic-acquisition-of-297-btc","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/semler-scientific-expands-bitcoin-holdings-with-strategic-acquisition-of-297-btc\/","title":{"rendered":"Semler Scientific Expands Bitcoin Holdings with Strategic Acquisition of 297 BTC"},"content":{"rendered":"\n

Semler Scientific, a healthcare tech company listed on Nasdaq, has purchased an additional 297 Bitcoin (BTC) for $29.1 million as Bitcoin approaches the notable milestone of $100,000.<\/p>\n

<\/span>Expansion of BTC Holdings by Semler Scientific<\/span><\/h2>\n

The firm announced<\/a> its new BTC acquisition today, occurring at a moment when BTC’s price has slightly retreated from its peak of over $98,000. Now, Semler Scientific holds a total of 1,570 BTC, with an overall investment of $117.8 million, bringing the average purchase price to around $75,039 per Bitcoin.<\/p>\n

As stated in the announcement, this latest acquisition occurred between November 18 and November 22, with the 297 BTC purchased at an average price of $97,995, including any fees and related costs.<\/p>\n

Alongside its BTC purchases, Semler Scientific reported a solid growth in its Bitcoin Yield performance, reaching 37.1% from October 1 to November 22. This figure is a decrease compared to the 58.4% BTC Yield recorded from July 1 to November 22. CEO Eric Semler shared his thoughts:<\/p>\n

\n

We are excited to announce a 58.4% BTC Yield and the substantial strides we are making in accumulating Bitcoin on our balance sheet beneficially for our stakeholders.<\/p>\n<\/blockquote>\n

Previously, in May, Semler Scientific had declared its strategy to use BTC as a reserve asset, starting with a purchase of 581 BTC valued at $40 million. This was followed by an acquisition of 83 BTC in August for $5 million and an additional 47 BTC earlier this month for $3 million.<\/p>\n

<\/span>Speculations Surrounding a US Strategic Reserve Boosting Bitcoin Interest<\/span><\/h2>\n

The recent Bitcoin acquisition by Semler Scientific coincides with rising speculations regarding the establishment of a US national Strategic Bitcoin Reserve (SBR). Other companies, like MicroStrategy and Metaplanet, have also been increasing their Bitcoin holdings in light of this speculation.<\/p>\n

In this context, it’s anticipated that US president-elect Donald Trump will initiate the creation of a national SBR, potentially triggering a rush among businesses and countries to amass Bitcoin, which is a limited digital resource.<\/p>\n

If the Trump administration proceeds with forming a national SBR, the US could align itself with countries like El Salvador and Bhutan, which actively gather BTC to protect against economic fluctuations.<\/p>\n

The US entering the Bitcoin accumulation realm could serve as a major bullish driver for the cryptocurrency, especially as Trump’s inauguration date approaches, prompting various entities globally to prepare for a potential shift in US Bitcoin policies.<\/p>\n

Currently, BTC trades at $95,980, reflecting a 0.3% decrease in the last 24 hours, with the overall crypto market cap standing at $3.47 trillion, showing a 1.2% increase in the past day.<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Semler Scientific, a healthcare tech company listed on Nasdaq, has purchased an additional 297 Bitcoin (BTC) for $29.1 million as Bitcoin approaches the notable milestone of $100,000. Expansion of BTC Holdings by Semler Scientific The firm announced its new BTC acquisition today, occurring at a moment when BTC’s price has slightly retreated from its peak […]<\/p>\n","protected":false},"author":14,"featured_media":23663,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Semler Scientific Expands Bitcoin Holdings with Strategic Acquisition of 297 BTC - Bitrabo","description":"Semler Scientific, a healthcare tech company listed on Nasdaq, has purchased an additional 297 Bitcoin (BTC) for $29.1 million as Bitcoin approaches the notable"},"footnotes":""},"categories":[316],"tags":[448,449,501,1961,1285,2103,7713],"class_list":["post-23662","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin","tag-btc","tag-grows","tag-portfolio","tag-purchase","tag-scientific","tag-semler"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/23662","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\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=23662"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/23662\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/23663"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=23662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=23662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=23662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}