🤑💰 Bitcoin Bonanza: Semler’s Crypto Coup D’etat 💸🎩

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In a bold move that would make Scrooge McDuck’s eyes water, Semler Scientific has declared itself the latest darling of the digital gold rush, snapping up a whopping 871 Bitcoin. 🚀

With a purchase price that would make a Saudi prince blush, Semler forked out $88.5 million for these digital delights, averaging out at a mere $101,616 per shiny coin between Jan. 11 and Feb. 3.

And what do they have to show for it? A paper gain so large it could double as a sail for a yacht. A staggering 152% yield since July 1, and a sprightly 22% this year alone. 💼📈

As of Feb. 3, Semler’s crypto hoard numbered 3,192 BTC, acquired for the princely sum of $280 million. At current market prices, it’s like finding a golden goose that lays digital eggs. 🐔🥚

How did they fund this little escapade? With a clever scheme involving senior convertible notes and selling off a slice of their stake in Monarch Medical Technologies. Talk about a financial juggling act! 🤹‍♂️

Chairman Eric Semler, likely wearing a grin as wide as the Cheshire Cat’s, declared they were “thrilled” with their progress in growing their Bitcoin stockpile. And why wouldn’t he be? They’ve turned investing into an art form. 🎨

According to Bitcoin Treasuries, Semler is now the 10th-largest corporate holder of BTC. Move over, MicroStrategy, there’s a new kid on the blockchain. 🏦

CEO Doug Murphy-Chutorian has stated the firm remains “laser-focused” on acquiring and holding Bitcoin. One wonders if they sleep with a Bitcoin under their pillow for good luck. 🛌💤

While Semler is on a Bitcoin buying spree, the world’s largest corporate holder, MicroStrategy, has called a halt. They’re sitting pretty on a pile of 471,107 BTC, worth a cool $46 billion. Must be nice to have a digital nest egg that big. 🐣

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2025-02-05 08:56