**Semler Scientific Doubles Down on Bitcoin, Now a Top 15 Holder**
Healthcare tech company Semler Scientific is making waves in the crypto world, adding another $30 million worth of Bitcoin to its growing stash. This latest shopping spree, which saw them snag 303 BTC between November 25th and December 4th at an average price of $96,779, brings their total holdings to a whopping 1,873 BTC.
Semler isn’t just dipping their toes in the Bitcoin pool; they’re diving headfirst. Since adopting their Bitcoin treasury strategy just seven months ago, they’ve been steadily accumulating the digital gold, funding these purchases through the sale of company stock. This aggressive approach has paid off handsomely, with their Bitcoin investment yielding a remarkable 78.7% since July 1st. To put that in perspective, their Bitcoin stash, purchased at an average of $78,553 per coin, is now worth over $184 million at Bitcoin’s current price – a cool $37 million profit! They even saw their portfolio briefly top $192 million when Bitcoin rallied above $103,000 earlier this month.
Chairman Eric Semler is clearly thrilled with the results, boasting a 78.7% return on their Bitcoin investment. The company is so confident in its future that it’s even requesting approval for options trading on its stock.
This latest purchase catapults Semler Scientific into the big leagues of Bitcoin holders, making them the 14th largest publicly traded company to embrace the cryptocurrency, according to BitBo. They’re following in the footsteps of MicroStrategy, the undisputed king of corporate Bitcoin holdings, which recently boosted its own stash to a staggering 402,100 BTC. It seems the race to accumulate Bitcoin is heating up, and Semler Scientific is determined to stay ahead of the pack.
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