Semler Scientific Expands Bitcoin Holdings Past 3,300 BTC
Eric Semler, the firms founder and chairman, announced that the company had added another 111 Bitcoin to its reserves, investing $10 million in the latest purchase.
Semler hinted that this is just the beginning of a much larger Bitcoin strategy.
Since officially adopting Bitcoin as its main treasury asset in May 2024, Semler Scientific has been steadily building its position.
The companys latest filings show an average acquisition cost just shy of $88,000 per Bitcoin. Their newest batch came in at an average price of around $90,000 each.
The companys Bitcoin-focused strategy appears to be paying off, with year-to-date returns reaching 23.5%, based on their internal performance tracking.
Semler Scientific had already made headlines in December when it bought 303 BTC, pushing its holdings past 1,800 coins at the time. Now, according to Bitcoin Treasuries data, it ranks as the 14th largest corporate holder of Bitcoin worldwide.
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Text source: Coindoo
