Pakinomist – Semler Scientific (NASDAQ: ), a California software and medical technology company, has increased its (BTC) investment. According to the company’s chairman, Eric Semler, Semler Scientific has acquired 273 BTC in an X post.
Strategic Bitcoin Buying Amid Price Volatility
The recent acquisition set the company back with approximately $23.3 million in fiat. The recent addition to its strategic accumulation occurred as BTC experienced bearish price volatility. Each of the coins was purchased at an average price of $98,267.
Notably, since adopting its Bitcoin financial strategy in May 2024, Semler Scientific has generated a Bitcoin yield of 99.3%. Per As of January 10, 2025, Semler Scientific’s total holdings stand at 2,231 BTC. The total cost of its cumulative acquisition is approximately $191.9 million.
Semler Scientific’s total bag was acquired at an average purchase price of $82,687 per Bitcoin. At the time of writing, Bitcoin changed hands at $90,911.17, representing a decrease of 4.09% in the last 24 hours.
However, this drop in price has not affected investors’ interest and confidence in the asset. Trading volume has increased by 152.98% to $48.06 billion. The price of Bitcoin in the last 24 hours has fluctuated between a low of $90,183.63 and a high of $95,837 as the bull-bear sentiment levels off.
Enterprise players inspired by MicroStrategy’s success
Like business intelligence firm MicroStrategy, Semler Scientific has continued its Bitcoin accumulation strategy. However, MicroStrategy is miles ahead of all corporate players as its total accumulation now stands at 447,470 BTC.
MicroStrategy has led the way in corporate acquisitions and has inspired others, such as Semler Scientific and Metaplanet.
Many business users of Bitcoin have seen the significant gains that MicroStrategy made with its investment. Bitcoin has led MicroStrategy’s stock MSTR to outperform all stocks in the S&P 500 index. This development has fueled the adoption among corporate players.
