In a move that highlights the growing trend of corporate adoption of cryptocurrency, Semler Scientific has announced its acquisition of 215 bitcoins for approximately $17.7 million, bringing its total holdings to 1,273 tokens worth around $114 million at current prices.
A Lucrative Investment: Bitcoin Yield Hits 37.3%
The company’s purchase of 215 BTC translates to an average price of $82,502 per bitcoin, which is a significant addition to their existing holdings. Semler Scientific has now adopted the concept of ‘Bitcoin Yield’ as a key performance indicator (KPI), a metric that measures how well a company acquires bitcoin in an accretive manner to shareholders.
Developed by Michael Saylor’s MicroStrategy, the holder of over 300,000 BTC, Bitcoin Yield describes the effectiveness of a company’s strategy in acquiring bitcoin and its potential impact on shareholder value. In this case, Semler Scientific has achieved a remarkable ‘BTC Yield’ of 37.3% since adopting their bitcoin treasury strategy in the second quarter of the year.
A Testament to Accretive Buying: Chairman Eric Semler’s Statement
"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."
This statement highlights the company’s commitment to creating value for its shareholders through its strategic acquisition of bitcoins. By focusing on accretive buying, Semler Scientific aims to increase its wealth and provide long-term returns to its investors.
A Flurry of Corporate Bitcoin Purchases: Market Sentiment
The announcement by Semler Scientific comes as no surprise in light of the growing trend of corporate adoption of bitcoin. With several companies, including Marathon Digital, MicroStrategy, and Metaplanet, disclosing their intent or actual purchase of bitcoins over the past few days, it’s clear that market sentiment is shifting towards embracing cryptocurrency.
In a similar vein, Semler Scientific has seen its stock price rise by 2.4% in premarket action and boasts a gain of around 33% since beginning to buy bitcoin last summer. This trend suggests that investors are increasingly recognizing the potential benefits of holding cryptocurrencies and supporting companies with a focus on accretive buying.
A Growing Trend: Corporate Adoption of Bitcoin
As more companies join the ranks of corporate bitcoin adopters, it’s essential to understand the underlying drivers behind this trend. By investing in cryptocurrency, companies can:
- Diversify their portfolios: Reduce reliance on traditional assets and gain exposure to a new asset class
- Hedge against inflation: Bitcoin’s decentralized nature makes it an attractive store of value for businesses looking to protect themselves from inflationary pressures
- Participate in the growth of cryptocurrency markets: By investing in bitcoin, companies can tap into the growing demand for digital assets and benefit from potential price appreciation
In conclusion, Semler Scientific’s recent purchase of 215 bitcoins is a testament to the growing trend of corporate adoption of cryptocurrency. As more companies join this movement, it will be exciting to see how the market continues to evolve.
About Semler Scientific
Semler Scientific (SMLR) is a technology-enabled healthcare company focused on developing innovative solutions for medical imaging and diagnostics. With a commitment to creating value for its shareholders through accretive buying, the company has demonstrated its willingness to adapt to changing market conditions.
Disclaimer: The author of this article owns shares of Semler Scientific (SMLR)
References
- MicroStrategy (MSTR) – www.microstrategy.com
- Marathon Digital – www.marathondigital.com
- Metaplanet – www.metaplanet.com
