As a seasoned analyst with over two decades of experience in the financial industry, I must admit that Semler Scientific’s Bitcoin strategy has piqued my interest. Having witnessed the rise and fall of numerous trends, I’ve learned to appreciate innovation when I see it. The company’s approach to adopting Bitcoin as a treasury strategy is indeed innovative, especially considering its impressive returns.
Based in California, Semler Scientific – a firm specializing in medical technology and software – has purchased a substantial quantity of Bitcoin (BTC). As shared by Eric Semler, the company’s chairman and founder, on Reddit, they acquired 303 BTC at roughly $29.3 million.
Following MicroStrategy’s playbook
As a crypto investor, I’ve just made a recent purchase of Bitcoin, and on average, I paid around $96,799 per BTC. According to Semler Scientific, they have managed to yield an impressive 54.7% from their Bitcoin investments so far this quarter. Since we started using Bitcoin as our treasury strategy back in May, the return has been a staggering 78.7%.
Semler Scientific purchased approximately 303 Bitcoins for around $29.3 million, with each Bitcoin costing roughly $96,779. This move has produced a Quarter-to-Date Bitcoin Yield of 54.7% and an overall yield of 78.7% since adopting their Bitcoin treasury strategy in May. As of December 4, 2024, they hold 1,873 Bitcoins acquired for approximately $147.1 million, with each Bitcoin costing around $78,553. The stock symbol for Semler Scientific is $SMLR.
— Eric Semler (@SemlerEric) December 5, 2024
As a researcher, I’m sharing an update about our latest investment in Bitcoin. Our current Bitcoin holdings have increased to 1,873 BTC, a significant addition to our portfolio. This accumulation represents a total expense of approximately $147.1 million for us, with each Bitcoin purchased at an average price of around $78,553.
As a researcher, I’m reporting the current state of our Bitcoin holdings. At the time of writing, each Bitcoin is trading at around $102,411. We initially purchased 303 Bitcoins for a total investment of approximately $30,976,853. With the recent surge in value, we’ve already realized a profit of about $1,700,436 from this initial purchase.
This margin underscores the profitability that Bitcoin has brought to Semler Scientific, ever since they decided to invest in it. This suggests that their investment strategy has outperformed conventional methods used by companies for financial investments.
Will trend in corporate Bitcoin adoption grow?
Semler Scientific, similar to MicroStrategy, has incorporated Bitcoin into its business strategy. Not long ago, they acquired an additional 15,400 Bitcoins at roughly $1.5 billion. In comparison, MicroStrategy owns a massive 402,100 Bitcoins, which represents about 2% of the total amount of Bitcoin in circulation.
Michael Saylor, as the Executive Chairman of MicroStrategy, continues to be a firm believer in Bitcoin, maintaining his strong convictions about its value.
Saylor recently gave a three-minute presentation to Microsoft’s Board of Directors on why the tech giant should embrace Bitcoin. Saylor has always emphasized that Bitcoin has assisted MicroStrategy in outpacing every stock in the S&P 500 index and recommends it to others.
In addition to Semler Scientific, another company – Metaplanet from Japan – has adopted a strategy similar to MicroStrategy when it comes to purchasing Bitcoin. By October, Metaplanet had amassed a total of 1,018.17 Bitcoins.
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2024-12-05 19:16