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Semler Scientific Expands Bitcoin Treasury With $10M Purchase
In a recent announcement, Semler Scientific has expanded its Bitcoin treasury with a significant purchase of 111 coins worth $10 million. This move demonstrates the company’s commitment to diversifying its assets and embracing digital currencies.
The average price paid for these Bitcoins is approximately $90,000 per coin, which brings the total value of Semler Scientific’s BTC holdings to over $300 million. It is essential to note that this purchase has increased the company’s Bitcoin yield by 23.5% since the start of 2024, showcasing its growing exposure to the cryptocurrency market.
Semler Scientific emphasized that it uses Bitcoin yield as a key performance indicator (KPI) to assess the effectiveness of its strategy for acquiring Bitcoin in a way that is beneficial to its stockholders.
Source: https://coinchapter.com/semler-scientific-expands-bitcoin-treasury-with-10m-purchase/
