Medical Tech Firm Semler Scientific Gobbles Up Another $50,000,000 Worth of Bitcoin, Now Owns More Than 4,000 BTC

The US medical tech firm Semler Scientific has added another $50 million worth of Bitcoin ( BTC ) to its corporate treasury.

A new filing with the U.S. Securities and Exchange Commission (SEC) indicates the firm acquired 455 Bitcoin between May 13th and May 22nd at an average purchase price of $109,801 per BTC, including fees and expenses.

Semler now holds 4,264 Bitcoin, which it acquired for an aggregate price of $390 million at an average purchase price of $91,471 per BTC.

With BTC trading at $107,322 at time of writing, the medical tech’s holdings are currently worth more than $457.6 million.  The top-ranked crypto asset by market cap is down nearly 4% in the past 24 hours after hitting a new all-time high of $111,814 on Thursday.

Eric Semler, the founder and chairman of the firm’s board of directors, notes his company has generated a BTC yield of 25.8% year-to-date.

Data from BitcoinTreasuries.net indicates that Semler Scientific is now the 13th-ranked company in the world in terms of BTC holdings.

In May 2024, the firm became the second publicly traded company in the US to adopt a Bitcoin treasury policy, following Strategy (formerly known as MicroStrategy). Strategy, which first started investing in the asset back in 2020, has the largest corporate Bitcoin treasury in the world and currently holds 576,230 BTC worth $62.14 billion.

Follow us on X , Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

Generated Image: Midjourney