Bitcoin Bonanza: Semler’s Bold Move While MicroStrategy Takes a Breather! 😲💰

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In a rather audacious proclamation today, the esteemed medical device manufacturer, Semler Scientific, has triumphantly announced the acquisition of an additional 871 Bitcoin (BTC) to fortify its treasury reserves. Meanwhile, the illustrious MicroStrategy, the titan of corporate BTC holdings, seems to have hit the brakes on its weekly Bitcoin shopping spree. Oh, the drama! 🎭

Semler Scientific Expands Its Bitcoin Holdings

Despite the capricious nature of BTC, which dances around the $100,000 price point amidst the global tempest of US trade tariffs, our Nasdaq-listed hero, Semler Scientific, has boldly purchased 871 BTC for a staggering $88.5 million, averaging a princely $101,616 per coin. One can only imagine the boardroom discussions—”To buy or not to buy?” 🤔

Notably, this acquisition transpired between January 11 and February 3, as revealed in Semler Scientific’s latest 8-K filing with the U.S. Securities and Exchange Commission (SEC). The funds for this extravagant purchase were sourced from the company’s January 2025 senior convertible notes offering. A clever maneuver, indeed!

Moreover, a portion of the funding was derived from liquidating a slice of Semler Scientific’s minority investment in Monarch Medical Technologies. It is worth mentioning that in December 2024, the company had already snatched up 303 BTC as part of its grand Bitcoin investment strategy. Talk about a shopping spree! 🛒

As of February 3, Semler Scientific boasts a total of 3,192 BTC, valued at approximately $320 million at current market prices. The average purchase price per BTC stands at a modest $87,854, with total acquisition costs, including fees and expenses, amounting to a jaw-dropping $280.4 million. Who knew Bitcoin could be so… expensive? 💸

In a moment of candor, Semler Scientific Chair, Eric Semler, expressed his enthusiasm regarding the company’s progress in expanding its BTC reserves. He remarked:

We were especially pleased with our successful convertible notes offering, which was substantially oversubscribed with investor demand. Additionally, we were pleased to have monetized a part of our investment in Monarch Medical in order to buy more bitcoin.

Following today’s announcement, Semler Scientific’s shares have risen by 2.05% at the time of writing. However, on a year-to-date (YTD) basis, the firm’s shares are down 8.42%. A classic case of “up and down” in the stock market! 📉📈

MicroStrategy Hits Pause On BTC Purchases

Meanwhile, the business intelligence behemoth, MicroStrategy, appears to have temporarily paused its habitual BTC acquisitions. According to the ever-eloquent CEO Michael Saylor, the company did not purchase any Bitcoin last week, thus breaking a trend of periodic BTC accumulation. A moment of silence for the missed opportunities! 😅

MicroStrategy’s latest BTC purchase was announced on January 27, when the company acquired 10,107 BTC for a cool $1.1 billion. This purchase propelled the company’s total BTC holdings to a staggering 471,107 BTC. Talk about a Bitcoin buffet! 🍽️

In related news, the Japanese firm Metaplanet has recently unveiled plans to raise up to $745 million to expand its Bitcoin reserves, aiming to accumulate 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026. Ambitious, aren’t we? 🌍

Similarly, the Canada-based video sharing platform Rumble made its inaugural BTC purchase earlier this year. At press time, BTC trades at $99,263, up 0.5% in the past 24 hours. A rollercoaster ride, indeed! 🎢

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2025-02-05 15:13