Bitcoin Makes Waves on Nasdaq as Semler Scientific Bolsters Its Holdings
by aria-crypto.com
February 4, 2025 at 18:43
Bitcoin Makes Waves on Nasdaq as Semler Scientific Bolsters Its Holdings
Semler Scientific (SMLR), a Nasdaq-listed company, has made significant headlines with its recent acquisition of 871 Bitcoin, tallying an $88.5 million investment between January 11 and February 3.
The company utilized a combination of proceeds from its January 2025 convertible notes offering and cash from selling a portion of its stake in Monarch Medical Technologies to fund this purchase.
Each Bitcoin was acquired at an average cost of $101,616, inclusive of fees.
With this latest purchase, Semler Scientific's Bitcoin holdings now total 3,192 BTC, representing a cumulative investment of $280.4 million at an average price of $87,854 per Bitcoin.
This strategic accumulation of Bitcoin has resulted in a projected profit of $35.58 million for Semler at the current Bitcoin market price of $99,000.
The company's bold investments have paid off majorly, marking a 152% yield on their Bitcoin investments since July 2024.
Semler Scientific now ranks among the 29 public companies globally that have Bitcoin on their financial statements.
Following their big reveal of the Bitcoin investment in May 2024, Semler’s stock price surged by 223%, demonstrating significant market approval.
The stock is currently trading 105% higher than its pre-announcement price and maintained a 1.5% gain in today's trading session.
The firm's steadfast commitment, inspired by notable Bitcoin advocate Michael Saylor, showcases their belief in Bitcoin as a superior asset over traditional hedges like gold and the dollar.
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