Transaction URL: https://blockchain.com/btc/tx/d635698522d040ce8121aa8d02e1817225ad606821feda8ea197c4973456a1a2
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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.
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Jobs week continues with the latest initial claims report released this morning. The data came in a bit mixed, but is overall consistent with the 13-week moving average. These numbers are also the first we are getting in the holiday season, which is known as a volatile period.
Initial jobless claims rose in the week ended Nov. 30, coming in at 224,000. This was a bit higher than analysts’ expectations of 215,000+ from the week prior, which was upwardly revised to 217,500.
States with the biggest increases in initial claims include Pennsylvania and Kentucky.
The overall…
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Solana Foundation’s head of strategy Austin Federa announced he would be departing the nonprofit to found DoubleZero, a network of fiber and subsea cables meant to establish a faster and more performant “new internet.”
Federa had been at Solana Labs and Foundation for nearly four years, becoming one of Solana’s more recognizable public figures. He’s now founding DoubleZero — which will start by supporting Solana — alongside cofounders Mateo Ward and Andrew McConnell. Jito CEO Lucas Bruder called the startup “the most interesting experiment in crypto.”
DoubleZero is an…
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It seems fitting that bitcoin’s rise above $103,000 came in the final month of a groundbreaking year for the asset.
You already know about the first US spot bitcoin ETFs in January and Trump’s election win a month ago. Then there was the president-elect’s selection this week of Paul Atkins as SEC chair (who many deem to be a crypto advocate). And Fed Chair Jerome Powell even recently compared bitcoin to gold.
The fact that gold’s market cap is still nine times larger than bitcoin’s (about $18T to $2T) “should offer additional insight into how much more room there is for…
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