Financial Insights That Matter
The US medical tech firm Semler Scientific has added another $50 million worth of Bitcoin (BTC) to its corporate treasury.
A new filing with the U.S. Securities and Exchange Commission (SEC) indicates the firm acquired 455 Bitcoin between May 13th and May 22nd at an average purchase price of $109,801 per BTC, including fees and expenses.
Semler now holds 4,264 Bitcoin, which it acquired for an aggregate price of $390 million at an average purchase price of $91,471 per BTC.
With BTC trading at $107,322 at time of writing, the medical tech’s holdings are currently worth more than $457.6 million. The top-ranked crypto asset by market cap is down nearly 4% in the past 24 hours after hitting a new all-time high of $111,814 on Thursday.
Eric Semler, the founder and chairman of the firm’s board of directors, notes his company has generated a BTC yield of 25.8% year-to-date.
Data from BitcoinTreasuries.net indicates that Semler Scientific is now the 13th-ranked company in the world in terms of BTC holdings.
In May 2024, the firm became the second publicly traded company in the US to adopt a Bitcoin treasury policy, following Strategy (formerly known as MicroStrategy). Strategy, which first started investing in the asset back in 2020, has the largest corporate Bitcoin treasury in the world and currently holds 576,230 BTC worth $62.14 billion.
Follow us on X, Facebook and Telegram
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
#1a73e8;">Boost Your Financial Knowledge and Achieve Stability
Discover a growing online community dedicated to delivering financial news, tips, and strategies designed to help you manage money effectively, save smarter, and grow your investments with confidence.
#1a73e8;">Top Financial Tips for Saving and Investing
- Personal Finance Management: Master the art of budgeting, expense tracking, and building a strong financial foundation.
- Investment Opportunities: Stay updated on market trends, learn about stocks, and explore secure ways to grow your wealth.
- Expert Money-Saving Advice: Access proven techniques to reduce expenses and maximize your financial potential.