Health technology venture Semler Scientific broadened its Bitcoin (BTC) 
$91,515 acquisition strategy by purchasing 215 BTC for $17.7 million. This acquisition took place between November 6 and November 15.
Bitcoin Acquisition
Semler Scientific initiated its Bitcoin purchasing campaign in May, acquiring $40 million worth of Bitcoin at that time. The company has previously strengthened its portfolio by purchasing significant amounts of BTC.
Following the latest acquisition, Semler Scientific’s total Bitcoin reserves reached 1,273 BTC. The company’s Bitcoin yield has reached 37.3% since the purchase. From the beginning of October to November 15, the Bitcoin yield peaked at 18.9%.
Other Companies’ Bitcoin Strategies
In addition to Semler Scientific, both MicroStrategy and Metaplanet continue their Bitcoin acquisition strategies. MicroStrategy purchased 51,780 BTC for $4.6 billion, while Metaplanet plans to issue bonds worth $11.3 million for further Bitcoin acquisitions.
Market commentators note that institutional investors’ interest in Bitcoin has pushed prices higher. Currently, Bitcoin is trading at $90,411, marking a 1.2% increase in the last 24 hours.
As Bitcoin maintains its high volatility, strategic purchases by companies like Semler Scientific positively influence the overall market outlook.
In conclusion, Semler Scientific’s Bitcoin investments enhance the company’s financial performance while encouraging similar actions from other institutions. These strategies regarding Bitcoin are evaluated alongside market fluctuations.
