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California-based healthcare company Semler Scientific has strengthened its Bitcoin holdings, acquiring an additional 303 BTC for $29.3 million. This purchase, announced on Thursday, brings the Nasdaq-listed firm’s total Bitcoin treasury to 1,873 BTC, acquired at an average cost of $78,553 per BTC, for an aggregate investment of $147.1 million.
The recent purchase was made at an average price of $96,779 per Bitcoin, including fees and expenses. The company’s Bitcoin holdings are now valued at approximately $184 million. Semler’s strategy, which began earlier this year, has proven lucrative, with the firm reporting a Bitcoin Yield (BTC Yield) of 78.7% since July 1. This KPI is used to evaluate the performance of its Bitcoin treasury strategy and its impact on shareholder value.
Despite a 7.65% drop in its stock price on Thursday, Semler Scientific’s shares have gained 46% in the past month and 32.5% year-to-date. The firm now ranks as the 14th-largest Bitcoin holder among publicly traded companies, following major players like MicroStrategy and Marathon Digital.