Semler Scientific, Inc., a medical technology company, has significantly increased its Bitcoin (BTC) holdings. Between December 16, 2024, and January 10, 2025, the company acquired 237 BTC at an average price of $98,267 per Bitcoin, including fees. This addition, valued at $23.3 million, raises the company’s total Bitcoin reserves to 2,321 BTC.
Semler Scientific’s BTC Game
The company’s total investment in Bitcoin now amounts to $191.9 million. Semler Scientific has emphasized its strategy of using Bitcoin as a treasury asset aimed at supporting long-term growth. The purchases were funded through a combination of an at-the-market (ATM) offering and operational cash flow.
Semler Scientific has acquired 237 BTC for ~$23.3 million at ~$98,267 per #bitcoin and has generated BTC Yield of 99.3% since adopting our BTC treasury strategy in May 2024. As of 1/10/2025, we held 2,321 $BTC acquired for ~$191.9 million at ~$82,687 per bitcoin. $SMLR
— Eric Semler (@SemlerEric) January 13, 2025
As of January 10, 2025, the ATM sales agreement with Cantor Fitzgerald has generated $121.8 million in gross proceeds. In December 2024, the company expanded the ATM program by $50 million, enabling it to issue additional shares for investments such as these. Meanwhile, companies like MicroStrategy and Metaplanet have also boosted their BTC holdings with frequent purchases since last year.
Bitcoin Market Update
In the last 24 hours, Bitcoin price has dropped 3.34%, falling from $94,820 to $91,700. Trading volume surged 193.09%, reaching $58.6 billion, while the market capitalization stands at $1.81 trillion. Despite the recent downturn, BTC’s key support level is holding at $90,804. Hence, a rebound could be on the cards, according to popular analysts.
The decline has been attributed to several factors, including profit-taking following BTC price rally to $100,000, concerns about technical exhaustion, and market reaction to a strong jobs report that has reduced expectations for interest rate cuts. Additionally, the upcoming inauguration of President-elect Donald Trump has contributed to the increased market volatility.
Also Read: JPMorgan CEO Says, “Bitcoin Has No Intrinsic Value”
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