As a seasoned investor with a knack for spotting promising trends, I’ve been closely watching the strategic moves of companies like Semler Scientific and MicroStrategy. Their focus on Bitcoin (BTC) as a key performance indicator and treasury strategy is intriguing, to say the least.
According to Semler Scientific, a company specializing in tech solutions, they’ve seen a return of 37.3% on their Bitcoin investments since implementing their Bitcoin savings approach earlier this year. This substantial increase in yield is good news for all involved parties.
The business measures the return on Bitcoin (BTC) as a significant benchmark to evaluate the effectiveness of its Bitcoin acquisition approach. The organization stated that this key performance indicator helps “enhance an investor’s comprehension” of the company’s choice to raise funds for Bitcoin purchases by offering more shares of its common stock.
In addition to Semler Scientific, the business intelligence company MicroStrategy also measures the returns on its Bitcoin investments using Bitcoin’s yield.
Semler Scientific boosts BTC holdings to 1,273
Between November 6th and 15th, I’ve been privy to the information that our company has made another significant investment in Bitcoin. Specifically, we’ve purchased an additional 215 Bitcoins for a total cash outlay of approximately $17.7 million. This average cost per coin, inclusive of other expenses and fees, comes out to roughly $82,502 per coin.
As an analyst, I’ve just updated the records to reflect our latest Bitcoin purchase. Now, our total holdings stand at 1,273 BTC, which we acquired for approximately $88.7 million, translating to an average price of roughly $69,682 per coin. With Bitcoin currently trading around $89,600, the estimated value of our BTC holdings has increased to approximately $114 million.
According to a press statement issued by Eric Semler, chairman of Semler Scientific, the company’s BTC yield findings indicate “significant Bitcoin growth” for its shareholders, as per his words.
“We have achieved a BTC Yield of 37.3% since adopting our Bitcoin treasury strategy in the second quarter of this year.”
As a crypto investor, I’m excited to share that on November 4th, our company’s CEO, Doug Murphy-Chutorian, announced that Semler Scientific is firmly committed to accumulating and holding Bitcoin. Moreover, he mentioned that we are actively pursuing financial avenues that could enable us to purchase even more BTC in the future.
Metaplanet announces $11.3 million bond issuance to buy more BTC
On November 18th, the Japanese investment firm Metaplanet unveiled intentions to purchase more Bitcoin.
Metaplanet announced it’s selling one-billion-yen (approximately $11.3 million) worth of one-year bonds to increase its Bitcoin holdings. This publicly traded firm revealed that their board of directors made the decision to sell these bonds, offering a yearly return of 0.36%. The company has scheduled the repayment date for November 17, 2025.
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2024-11-18 17:21