As a seasoned researcher with years of experience in the financial industry, I must admit that the recent moves by Semler Scientific and MicroStrategy to significantly increase their Bitcoin holdings have caught my attention. It is fascinating to witness such large-scale institutional investments in digital assets, a trend that was unheard of just a few years ago.
Semler Scientific spends $29.3 million to purchase approximately 303 Bitcoins, raising their Bitcoin reserves to a total of 1,873 BTC, demonstrating promising returns from Bitcoin investments.
Semler Scientific has shared new information about their Bitcoin investments and financial planning. From November 25 to December 4, 2024, they purchased a total of 303 Bitcoins for approximately $29.3 million. These acquisitions were financed using their at-the-market (ATM) offering. The average cost, factoring in all expenses, was around $96,779 per Bitcoin, with a total fee of this amount for each Bitcoin purchased.
On the 4th of December, Semler Scientific had a total of 1,873 Bitcoins worth approximately $147.1 million. Each Bitcoin was purchased at an average price of around $78,553, reinforcing Semler’s ongoing strategy to accumulate Bitcoins as part of their investment portfolio.
Semler Scientific Expands Bitcoin Strategy, Posts High BTC Yield
The company’s Bitcoin Yield showed impressive figures, with a yield rate of 54.7% from October 1st to December 4th, 2024, and an even higher yield of 78.7% for the period between July 1st and December 4th, 2024. This demonstrates the success of their strategy and offers substantial returns to investors.
Eric Semler, head of Semler Scientific, deemed the presented figures as satisfactory. He mentioned that they have submitted applications with options exchanges in hopes of receiving approval to offer options on their stock. According to Semler, their stock meets the eligibility criteria established by these exchanges.
Semler Scientific utilizes Bitcoin Yield as a tool to assess their organization’s performance. This measurement helps them analyze and improve their operational strategies, as they procure Bitcoins using funds raised from share issuance. Moreover, this Key Performance Indicator (KPI) is employed to clarify to investors the reasons behind Semler Scientific’s bitcoin reserve strategy.
Similarly to the recent announcement, MicroStrategy declared its latest Bitcoin acquisition on December 4th, 2024. The company purchased a total of 15,400 Bitcoins for approximately $1.5 billion, with each bitcoin costing an average of $95,976. As of now, MicroStrategy owns a total of 402,100 Bitcoins, demonstrating their faith in the digital currency.
In summary, Semler Scientific and MicroStrategy demonstrate a growing interest in Bitcoin among institutions. This trend aligns with a new approach companies are adopting when assessing digital assets for their financial planning. The increasing preference for Bitcoin as an investment option suggests greater confidence and investment in the crypto market.
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2024-12-09 20:58