Health technology startup Semler Scientific, Bitcoin (BTC) 
$91,963 Expanding its buying strategy, it purchased 215 BTC in a new batch for $17.7 million. The company made this purchase between November 6 and November 15.
Buying Bitcoin
Semler Scientific launched its Bitcoin buying campaign in May and purchased $40 million worth of Bitcoin at that time. Within the scope of this strategy, the company has previously strengthened its portfolio by purchasing large amounts of BTC.
After the last purchase, Semler Scientific’s total Bitcoin reserves reached 1,273 BTC. The company’s Bitcoin return has reached 37.3% since the acquisition. In the period from early October to November 15, Bitcoin’s return hit 18.9%.
As the Bitcoin price reached recent record levels, Semler Scientific’s shares also gained. Share prices increased by 10.36% to $49.09 on the NASDAQ exchange. Investors evaluate the company’s investments in Bitcoin positively. Although companies have found an interesting method to increase demand for their shares, MSTR has been growing with this strategy for years. Recently, the MSTR price reached its peak of 20-odd years ago.
Bitcoin Strategies of Other Companies
Besides Semler Scientific, MicroStrategy and Metaplanet also maintain Bitcoin buying strategies. MicroStrategy purchased 51,780 BTC for $4.6 billion, while Metaplanet plans to issue bonds worth $11.3 million for additional Bitcoin purchases.
Market analysts state that institutional investors’ interest in Bitcoin is pushing prices up. Currently, Bitcoin is trading at $90,411 and is up 1.2% in the last 24 hours.
As Bitcoin’s high volatility continues, strategic acquisitions by companies like Semler Scientific are positively impacting the market outlook.
As a result, Semler Scientific’s Bitcoin investments strengthen the company’s financial performance and encourage other institutions to take similar steps. These strategies for Bitcoin for investors are evaluated along with the activity in the market.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
