As a researcher, I’d like to share that in my latest findings, it has been disclosed by Semler Scientific that they have acquired an additional 237 units of Bitcoin (BTC) at approximately $23 million. This equates to roughly $98,000 per coin, as announced on January 13th.
The company acquired 2321 Bitcoins using funds from stock sales and its operational cash flow. Currently, these Bitcoins are valued at approximately $192 million. The company stated that the average cost per Bitcoin was under $83,000.
Semler has distributed over $120 million worth of stocks primarily for purchasing Bitcoin, as well as other purposes. This Bitcoin investment boosted the stock’s “yield from Bitcoin” from 72.6% to a remarkable 99.3%.
Bitcoin yield represents the comparison between an individual’s Bitcoin holdings and the total issued Bitcoins, with each Bitcoin equating to one share in a company’s performance assessment. Semler explained that these metrics aid investors in better comprehending their Bitcoin investment approach.
In July, Semler executives stated that purchasing Bitcoin helped the ailing company break free from a state of financial undeath, often referred to as “zombie” status. These companies barely make enough to keep functioning and pay off debts but lack surplus funds for expansion and are typically on the brink of bankruptcy.
On November 4th, the CEO of the company, Doug Murphy-Chutorian, stated that Semler Scientific continues to keep its attention fixed on purchasing and owning Bitcoin.
Corporate Bitcoin buying
The term “Bitcoin yield” was initially introduced by Microstrategy, a software corporation, in the year 2020 under the guidance of its then-CEO, Michael Saylor. Since this adoption, the value of Microstrategy’s shares has soared approximately 2,000%, surpassing almost every other substantial public company except Nvidia in terms of growth.
Other businesses, such as Semler, have chosen to emulate Microstrategy’s approach. These companies encompass Hoth Therapeutics – a pharmaceutical manufacturer, Genius Group – a pioneer in artificial intelligence, and Rumble – an alternative platform similar to YouTube.
As reported by Bitcointreasuries.net on January 13, corporate treasuries collectively hold over $54 billion worth of Bitcoin. Among publicly traded companies, Semler’s Bitcoin treasury ranks 13th in size. However, Microstrategy’s Bitcoin treasury, valued at more than $40 billion, holds the top position.
Investment specialists, such as Paul Tudor Jones, are eagerly acquiring Bitcoin and other commodities due to concerns that inflation could increase significantly within the U.S. Moreover, US state governments are considering Bitcoin as a protective measure against financial unpredictability, according to asset manager VanEck in December’s statement.
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2025-01-13 22:51