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Semler Scientific Boosts Bitcoin Holdings with 165 BTC Purchase
In a recent announcement, Semler Scientific has revealed that it has boosted its Bitcoin holdings by purchasing an additional 165 new units of the cryptocurrency. This significant move comes as part of the company’s ongoing strategy to maximize returns on its investments.
As reported, the 165 newly acquired Bitcoins have been used to expand the company’s existing portfolio, further solidifying Semler Scientific’s commitment to the digital asset. The company’s decision to continue growing its position demonstrates its unwavering confidence in the long-term value of Bitcoin.
In an effort to track the effectiveness of its Bitcoin strategy, Semler Scientific has also released a year-to-date BTC yield of 23.8%. This key performance indicator serves as a crucial metric for the company to monitor and evaluate the success of its investment approach.
It’s worth noting that Coinbase is set to launch a new Bitcoin Yield Fund aimed at institutional investors, providing them with an opportunity to generate steady returns on their holdings. Additionally, BitMEX founder Arthur Hayes has reiterated his prediction that Bitcoin could potentially reach $1.5 million by 2028, citing the United States’ liquidity policies as a driving force behind this growth.
In related news, Semler Scientific’s CEO Doug Murphy-Chutorian and other senior executives will host a conference call on May 13 to discuss the company’s Q1 2025 earnings. The event is scheduled for after market close at 4:30 p.m. ET, with registration encouraged in advance.
Source: https://www.coinspeaker.com/semler-scientific-buys-165-bitcoin/
