As a seasoned researcher with a keen interest in finance and technology, I find myself intrigued by the strategic moves of Nasdaq-listed companies like Semler Scientific. The company’s decision to invest in Bitcoin, especially given its current high price, is a bold one that catches my attention.
The publicly traded medical equipment company, Semler Scientific, which is listed on Nasdaq, has augmented its Bitcoin reserves by purchasing an extra 303 Bitcoins at a total cost of $29.3 million. The firm remains committed to reinforcing its strategic approach towards managing corporate funds, similar to MicroStrategy’s model.
High Bitcoin Price Not A Barrier To Purchase
This week, Bitcoin achieved a historical milestone by breaking through the $100,000 price barrier for the first time, causing its overall market value to exceed $2 trillion. Even with Bitcoin reaching an all-time high in price, businesses such as Semler Scientific show no signs of backing down and continue to amass the leading cryptocurrency.
Based on the latest news, Semler Scientific has expanded its Bitcoin holdings by acquiring an additional 303 BTC. This recent purchase took place between November 25 and December 4, with an average cost of approximately $96,779 per Bitcoin, considering all associated fees and expenses.
Acquiring these new Bitcoins has boosted Semler Scientific’s Bitcoin reserves to a total of 1,873 BTC. The cost of acquiring these amounted to approximately $147.1 million, with an average price per Bitcoin of about $78,553. This significant investment positions Semler Scientific as one of the leading publicly-traded companies that hold Bitcoin as part of their corporate treasury strategy.
From October 1st to December 4th, Semler’s Bitcoin returns were at 54.7%, a figure lower than the yields they experienced from July 1st (when they began holding BTC as an asset) through December 4th, which was 78.7%. Eric Semler, chairman of Semler Scientific, noted this difference in returns.
1) It’s great news to share that our Bitcoin earnings reached an impressive 78.7%. Furthermore, we’ve submitted a request for authorization from the options markets to enable options trading on our shares. We strongly feel we meet their qualifications.
As a researcher, I’d express it like this: In my work, I focus on the Bitcoin yield as a crucial benchmark for assessing the success of our Bitcoin investment strategy, which is designed to enhance shareholder value to the utmost. We also employ this metric to facilitate investors’ comprehension of our choice to fund Bitcoin acquisitions by offering more common stock.
How Do Semler Scientific’s BTC Holdings Stack Against Other Companies?
Semler Scientific initially revealed its Bitcoin acquisition plan back in May this year, with a $40 million investment in purchasing 581 Bitcoins. Since then, the company has made numerous additional Bitcoin purchases, resulting in a current total holding of 1,873 Bitcoins as we speak.
The recent acquisition of Bitcoin by our company has propelled us up to the 14th spot on the list, surpassing Nexon (a Japanese firm) that holds 1,717 BTC. This places us among the top publicly-traded companies that include Bitcoin as part of their corporate strategy for financial reserves.
In the realm of business intelligence, it’s MicroStrategy Inc., an American company, that stands out as the dominant player. This firm has been consistently investing massive amounts of money in Bitcoin, with purchases totalling billions of dollars so far. At present, MicroStrategy holds close to 2% of the total supply of Bitcoin, which is limited to 21 million units.
As an analyst, I’m examining the significant holdings of Bitcoin among various entities. MicroStrategy leads with a substantial 33,875 BTC, followed by crypto mining firm MARA with 33,875 BTC, Riot Platforms holding 10,019 BTC, and Tesla, led by Elon Musk, with 9,720 BTC. At the moment, Bitcoin is trading at approximately $99,355, marking a 3.8% decrease in the past 24 hours.
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2024-12-07 11:12