PakGazette – Semler Scientific (NASDAQ:), a California software and medical technology company, has increased its investment (BTC). According to the company’s president, Eric Semler, in an X post, Semler Scientific acquired 273 BTC.
Strategic Bitcoin Acquisition Amid Price Volatility
The recent acquisition set the company back approximately $23.3 million in fiat money. The recent addition to its strategic accumulation came as BTC was experiencing bearish price volatility. Each of the coins was purchased at an average price of $98,267.
Notably, since adopting its Bitcoin treasury strategy in May 2024, Semler Scientific has generated a 99.3% Bitcoin return. As of January 10, 2025, Semler Scientific’s total holdings amount to 2,231 BTC. The total cumulative acquisition cost is approximately $191.9 million.
The entire Semler Scientific stock was purchased at an average purchase price of $82,687 per Bitcoin. At the time of writing, Bitcoin changed hands at $90,911.17, representing a drop of 4.09% in the last 24 hours.
However, this price drop has not affected investor interest and confidence in the asset. Trading volume has skyrocketed 152.98% to $48.06 billion. Bitcoin price in the last 24 hours has fluctuated between a low of $90,183.63 and a high of $95,837, as bullish sentiment levels off.
Corporate players inspired by MicroStrategy success
Like business intelligence company MicroStrategy, Semler Scientific has continued its Bitcoin accumulation strategy. However, MicroStrategy is far ahead of all corporate players as its total accumulation now stands at 447,470 BTC.
MicroStrategy has led the way in corporate acquisitions and inspired others, such as Semler Scientific and Metaplanet.
Many companies adopting Bitcoin have seen the significant gains that MicroStrategy achieved on its investment. Bitcoin has caused MicroStrategy’s MSTR stock to outperform all stocks in the S&P 500 index. This development has fueled the adoption seen among corporate players.
