In a nutsy P-nutty nutshell:
- Semler Scientific bought another $15.7 million worth of 🧡 ("bitcoin" for the squares) on April 25-29.
- They now hold a whopping 3,467 BTC, which translates to over $327 million.
- This puts them on the brink of the top 10 largest crypto hoarders among public companies.
SCENE: The Place to Be
Semler Scientific, a publicly listed company, expands its cryptocurrency portfolio by acquiring additional millions of Bitcoin assets.
Semler Scientific, a med-tech company with a knack for crypto, splurged $15.7 million on 165 BTC between April 25-29. Add this to their previous $10 million purchase on April 25, and you've got yourself a hefty 3,467 BTC stash!
Their Bitcoin pile, currently valued at over $327 million, is nothing to sneeze at. And the best part? Eric Semler, the company's Chairman, ain't done yet. He posted on X, "We bleed orange," sparking rumors of more Bitcoin purchases on the horizon.
In fact, Semler recently filed to raise up to $500 million with the intention of using some of that cash to buy more BTC. They've been on a bitcoin-buying spree since last year, following in the footsteps of MicroStrategy (now Strategy) and its Bitcoin enthusiast Chairman, Michael Saylor.
Saylor, who seems to be, well, say-lored by Semler's moves, gave the company a nod, complimenting their "impressive" 23.8% BTC yield this year.
But guess who has an even more impressive yield, you ask? Strategy, with its mammoth 2.5% of the total Bitcoin supply, only clocks in at 13.7% BTC yield this year.
Andrew Hayward edited this, because, well, who doesn't need an editor sometimes?
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- Semler Scientific isn't a crypto-powerhouse just yet, but they're creeping up on notable players like Strategy (once MicroStrategy) with its roughly 553,555 BTC.
- Tesla and a Hong Kong construction firm named Ming Shing are other big players, although their current holdings aren't detailed here.
- Then there's Rumble, a YouTube alternative, which went all-in on 188 BTC back in mid-March.
- There's a growing number of public companies dipping their toes in the crypto waters, suggesting a broader acceptance of Bitcoin in the institutional world.
- Semler Scientific's Bitcoin investment continues, with an additional $15.7 million spent on 165 BTC, bringing their total to 3,467 BTC.
- This move from Semler Scientific positions them on the brink of joining the top 10 largest cryptocurrency holders among public companies.
- With a current value of over $327 million, Semler Scientific's Bitcoin stash is a significant part of their overall financial portfolio.
- Eric Semler, Chairman of Semler Scientific, hinted at potential future Bitcoin purchases, stating "We bleed orange."
- Semler Scientific is following in the footsteps of MicroStrategy, another med-tech company that has made substantial investments in Bitcoin.
- Michael Saylor, Chairman of MicroStrategy, acknowledged Semler Scientific's impressive 23.8% BTC yield this year.
- Despite having a higher percentage of the total Bitcoin supply, MicroStrategy only has a 13.7% BTC yield this year compared to Semler Scientific's aggressive approach to Bitcoin investing in the technology-focused finance sector.
