American-based medical Technology firm Semler Scientific has gone bitcoin (BTC) shopping again despite the recent downtrend in the crypto market. According to the company’s recent release, it has boosted its BTC reserve by 871 units, cementing its position as one of the leading corporate Bitcoin investors.
3,192 BTC Bagged
Following Semler’s recent purchase, the medical company now holds about 3,192 BTC and records a more impressive BTC yield. The firm spread its latest purchase over three weeks, acquiring the leading crypto at various prices. On average, the price amounted to $101,616 per BTC.
Collectively, it has spent $280.4 million in stacking up BTC and achieved an all-time average buy price of $87,854 per BTC, including fees and transaction expenses. It has achieved a BTC yield of 21.9% between January 1, 2025, and February 3, 2025. Since July 2024, when it embraced a strategic Bitcoin reserve, it has reached a 152.2% yield.
Commenting on the impressive growth, Semler Scientific’s chairman, Eric Semler, said:
“We are thrilled with the progress we are making in growing our bitcoin stockpile.”
Semler Scientific launched a substantial convertible note offering to fund its latest BTC purchase, following in the footsteps of American business intelligence firm MicroStrategy. However, MicroStrategy did not announce any purchases this week. Meanwhile, it remains the most extensive corporate BTC holder, while other institutional adopters trail far behind.
Institutional BTC Adoption Soars
Since MicroStrategy set the pace in 2020, many other publicly traded institutions in the United States and beyond have grown in confidence for BTC, leading to broader adoption of a strategic Bitcoin reserve.
Companies like American-based video-sharing platform and cloud services provider Rumble embraced a BTC reserve in November 2024, revealing plans to dedicate about $20 million to acquiring the crypto. Japanese Metaplanet also switched to a BTC reserve to protect itself from the Japanese Yen’s devaluation.
Meanwhile, the crypto market has not been all rosy. BTC wavers between the $91,000 and $106,000 mark within the past few days, leaving investors skeptical.
