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    Home»Bitcoin»Bitcoin Acquisition Continues: Semler Scientific Will increase Holdings To 1,058 BTC | Bitcoinist.com
    Bitcoin Acquisition Continues: Semler Scientific Will increase Holdings To 1,058 BTC | Bitcoinist.com
    Bitcoin

    Bitcoin Acquisition Continues: Semler Scientific Will increase Holdings To 1,058 BTC | Bitcoinist.com

    By Ash TiwariNovember 6, 2024No Comments3 Mins Read
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    Santa Clara-based healthcare tech firm Semler Scientific (SMLR) lately disclosed that it bought a further 47 Bitcoin (BTC), bringing its complete holdings to 1,058 BTC.

    Semler Scientific Continues To Enhance Its BTC Holdings

    Semler Scientific, a Nasdaq-listed healthcare producer, introduced that it purchased a further 47 BTC for $3 million. This acquisition comes as Bitcoin stays about 7% beneath its all-time excessive (ATH) worth.

    The agency amassed 141 BTC between July and September for $8.4 million. The most recent buy of 47 BTC was made between the tip of September and November 4, based on the agency’s Q3 2024 report.

    The acquisition, valued at $3 million, has elevated Semler Scientific’s complete holdings to 1,058 BTC. The corporate indicated it plans to proceed buying BTC.

    Commenting on the event, Doug Murphy-Chutorian, chief govt officer of Semler Scientific, stated:

    We stay laser-focused on buying and holding bitcoin, whereas supporting innovation and progress in our healthcare enterprise.

    Semler Scientific launched into its BTC acquisition journey in Could 2024, when it bought 581 BTC for $40 million. Later in September, the agency added 83 BTC to its reserves – bought for $5 million. 

    The corporate appears to comply with a method just like MicroStrategy’s (MSTR) strategy. Eric Semler, chairman of Semler Scientific, prompt that the corporate is exploring further financing alternatives to accumulate extra BTC, mirroring MicroStrategy’s strategy.

    Regardless of this, Semler Scientific’s inventory efficiency doesn’t align with MSTR’s trajectory. SMLR closed at $29.97 on November 5, down 2.31% for the day. Though the inventory has risen by 8.31% over the past six months, it stays down 32.16% year-to-date (YTD).

    Semler stock
    SMLR is down 32.16% YTD | Supply: SMLRUSD on Google Finance

    In distinction, MSTR is up a outstanding 225.44% on a YTD foundation. Prior to now six months, the inventory value has risen by 75.75%, though the inventory has taken a beating previously month, sliding by 15.47%.

    Semler’s Q3 2024 report reveals that its web revenue elevated to $5.6 million, up from $5.5 million in Q3 2023.

    Firm Bitcoin Reserves Changing into A Frequent Development

    Moreover Semler Scientific, MicroStrategy, and Tesla, an growing variety of firms are steadily warming as much as the thought of getting a BTC reserve. 

    Most lately, Japanese agency Metaplanet introduced that it had bagged one other 108 BTC, getting the agency nearer to its formidable goal of holding 1,000 BTC.

    This pattern of including BTC to company steadiness sheets is unsurprising, as a number of seasoned analysts have expressed optimism about BTC’s long-term prospects.

    For example, analysts at analysis agency Bernstein lately predicted that BTC reaching $200,000 by the tip of 2025 is a ‘conservative’ estimate. BTC trades at $69,236 at press time, up 0.9% previously 24 hours.

    bitcoin
    BTC trades at $69,236 on the weekly chart | Supply: BTCUSDT on TradingView.com

    Featured Picture from Unsplash.com, Charts from Google Finance and TradingView.com



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