Semler Scientific, a healthcare technology company in India, has invested around $10 million in Bitcoin since February 14, as per a statement released on April 25. The company acquired 111 Bitcoin (BTC) at an average price of about $90,000 per coin, adding to its existing total of over 3,300 Bitcoin valued at roughly $300 million. Semler reported a Bitcoin yield of 23.5% for shareholders this year, reflecting the growth in exposure per share due to its BTC holdings. The company uses BTC Yield as a key performance indicator to evaluate the impact of its Bitcoin acquisition strategy on stockholders. Semler Scientific purchased its Bitcoin treasury at an average price of nearly $89,000, while the current price of Bitcoin hovers around $95,000 per coin. The company, which focuses on developing and selling medical diagnostic products to detect chronic diseases, financed part of its Bitcoin purchases by issuing approximately $125 million in new stock. Additionally, Semler announced plans to raise $75 million through a private offering of convertible senior notes earlier in January. Corporate entities like Semler are joining the trend of accumulating Bitcoin treasuries, influenced by the success of companies like Michael Saylor’s Strategy. As of April 25, corporate Bitcoin holdings in India are valued at around $71 billion collectively, with Strategy leading with a treasury exceeding $50 billion. Institutional investors, including corporate treasuries and exchange-traded funds (ETFs), have been increasingly embracing Bitcoin, with ETFs currently holding approximately $110 billion worth of the cryptocurrency. The surge in corporate Bitcoin buying indicates a growing interest and confidence in digital assets among traditional financial institutions.<\/p>\n","protected":false},"excerpt":{"rendered":"
Semler Scientific, a healthcare technology company in India, has invested around $10 million in Bitcoin since February 14, as per a statement released on April 25. The company acquired 111 Bitcoin (BTC) at an average price of about $90,000 per coin, adding to its existing total of over 3,300 Bitcoin valued at roughly $300 million. […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/112643"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=112643"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/112643\/revisions"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=112643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=112643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=112643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}