PK Press Club – Semler Scientific (NASDAQ:), a California-based software and medical technology company, has increased its investment (BTC). According to the company’s president, Eric Semler, in an article X, Semler Scientific acquired 273 BTC.
Strategic acquisition of Bitcoin amid price volatility
The recent acquisition caused the company to lose approximately $23.3 million in fiat currency. The recent addition to its strategic accumulation occurred as BTC was experiencing bearish price volatility. Each of the coins was purchased at an average price of $98,267.
Notably, since adopting its Bitcoin treasury strategy in May 2024, Semler Scientific has generated a Bitcoin return of 99.3%. As of January 10, 2025, Semler Scientific’s total holdings were 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 4.09% decline over the past 24 hours.
However, this price drop has not affected investor interest and confidence in the asset. Trading volume soared 152.98% to $48.06 billion. Bitcoin price over the past 24 hours has fluctuated between a low of $90,183.63 and a high of $95,837 as the bullish and bearish sentiment balances out.
Corporate players inspired by the success of MicroStrategy
Like business intelligence company MicroStrategy, Semler Scientific has continued its Bitcoin accumulation strategy. However, MicroStrategy is miles ahead of everyone in the business as its total accumulation now stands at 447,470 BTC.
MicroStrategy has led the way in company acquisitions and inspired others, such as Semler Scientific and Metaplanet.
Many businesses adopting Bitcoin have seen the significant gains MicroStrategy has made from its investment. Bitcoin helped MicroStrategy’s MSTR stock outperform all stocks in the S&P 500. This development fueled the adoption seen by the company’s stakeholders.
