The post Semler Scientific Acquires 215 Bitcoins, Achieves 37.3% BTC Yield appeared first on Coinpedia Fintech News
In a latest press release, Semler Scientific has disclosed that, during the period between November 6, 2024, and November 15, 2024, it has acquired 215 bitcoins for $17.7 million in cash, at an average price of $82,502 per bitcoin, inclusive of fees and expenses.
Semler Scientific Now Holds 1273 Bitcoins
As of November 15, 2024, Semler Scientific holds an aggregate of 1,273 bitcoins, which were acquired at an aggregate purchase price of $88.7 million and an average purchase price of $69,682 per bitcoin, inclusive of fees and expenses, with a BTC Yield of 37.3%. Its Bitcoin yield has jumped 18.9% from October 1 to November 15.
“We have achieved a BTC Yield of 37.3% since adopting our bitcoin treasury strategy in the second quarter of this year,” said Eric Semler, chairman of Semler Scientific. “We believe this demonstrates substantial bitcoin accretion for our stakeholders.”
Following the latest update, the firm’s shares on the NASDAQ bounced by 10.36% to $49.09. The company has now adopted “Bitcoin Yield” as a key performance indicator (KPI). Besides Semler Scientific, MicroStrategy and Metaplanet are also advancing their BTC acquisition strategies.
MicroStrategy has recently purchased another 51,780 BTC for $4.6 billion. The purchase sets a new record for the firm’s largest single-day investment since adopting its Bitcoin strategy in 2020. This has pushed the firm’s total bag to 331,200 BTC.
Metaplanet also announced plans on Nov. 18 to acquire additional Bitcoin. It stated that it issued one-year ordinary bonds worth 1.75 billion yen (about $11.3 million) to buy more BTC. The massive institutional acceptance will propel Bitcoin’s price to new heights.
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