Semler now owns 3,192 Bitcoin after a recent buying binge, making it the cryptocurrency’s tenth-largest corporate holder.
Semler Scientific, a healthcare technology and software firm, said it had purchased more than $88 million in Bitcoin in recent weeks and had a paper gain of more than 150%.
Semler purchased 871 Bitcoin (BTC) for $98,104 between Jan. 11 and Feb. 3 for $88.5 million, with an average purchase price of $101,616 per BTC, according to a press release on February 4.
The company has reported an impressive aggregate yield of 152% from July 1st (the first full quarter after adopting its Bitcoin treasury strategy) to February 3rd. This significant return on investment highlights the potential of Bitcoin as a strategic asset for corporations.
Semler funded this latest Bitcoin purchase through a combination of senior convertible note offerings and the monetization of a portion of its minority investment in Monarch Medical Technologies.
This move by Semler further solidifies the growing trend of corporations embracing Bitcoin as a treasury asset. By allocating a substantial portion of its corporate funds to Bitcoin, Semler is positioning itself to benefit from the long-term potential of the world’s largest cryptocurrency while also diversifying its investment portfolio.
