Diving into today’s news, Semler Scientific, a prominent manufacturer of medical devices, has announced its acquisition of an additional 871 Bitcoin (BTC), bolstering its treasury reserves. At the same time, MicroStrategy, a business intelligence firm recognized as the largest corporate holder of BTC, seems to have suspended its regular intervals of Bitcoin purchasing momentarily.
Semler Scientific Amplifies Its Bitcoin Portfolio
Amid the erratic Bitcoin oscillation around the $100,000 mark, triggered by rising global uncertainties regarding US trade tariffs, Semler Scientific, a Nasdaq-listed entity, has invested in an additional 871 BTC. This translates to an investment of approximately $88.5 million, considering an average rate of $101,616 per coin.
This strategic acquisition occurred between January 11 and February 3, as detailed in the recent 8-K filing by Semler Scientific with the U.S. Securities and Exchange Commission (SEC). The report also unveils that the funds for this purchase were primarily generated from the company’s January 2025 senior convertible notes offering. A fraction of the required funds was also pulled in from liquidating a segment of Semler Scientific’s minority share in Monarch Medical Technologies. Interestingly, the company had already procured 303 BTC in December 2024, adhering to its calculated Bitcoin investment plan.
As of February 3, the BTC holdings of Semler Scientific amount to a total of 3,192 BTC, approximately valued at $320 million, subject to prevailing market rates. The company’s average acquisition cost per BTC tallies to $87,854, with overall procurement expenses, including ancillary fees, equating to $280.4 million.
Talking about this maneuver, Eric Semler, the Chair of Semler Scientific, expressed his enthusiasm over the company’s pace in amplifying its BTC reserves. He conveyed, “We are particularly gratified with our triumphant convertible notes offering, which garnered an overwhelming investor response. Besides, we are glad to have gained from liquidating a part of our stake in Monarch Medical to procure more bitcoin.”
Following these revelations, the shares of Semler Scientific observed an uptick of 2.05% at the time of writing. However, analyzing the performance since the start of the year, the company’s shares have experienced an 8.42% decline.
MicroStrategy Ceases Temporary BTC Acquisitions
Simultaneously, MicroStrategy, a renowned business intelligence corporation, seems to have put its habitual Bitcoin procurement on a brief hiatus. As per Michael Saylor, the company’s CEO, no new Bitcoin purchases were conducted last week, deviating from its usual trends of accumulating BTC.
The last known BTC acquisition by MicroStrategy was reported on January 27, when it invested in 10,107 BTC amounting to $1.1 billion. This transaction increased the company’s overall BTC holdings to a whopping 471,107 BTC.
Additionally, Metaplanet, a Japanese corporation, recently publicized its plans to pool up to $745 million to enhance its Bitcoin reserves. The organization aspires to gather 10,000 BTC by the end of 2025 and 21,000 BTC by the close of 2026.
Echoing the trend, Rumble, a Canadian video-sharing platform, made its maiden BTC purchase earlier this year. As of the current press time, BTC is trading at $99,263, marking a 0.5% increase in the past 24 hours.
Frequently Asked Questions
What does the latest purchase mean for Semler Scientific?
With the additional acquisition of 871 BTC, Semler Scientific is bolstering its treasury reserves and demonstrating a strong belief in the potential of Bitcoin as a hedge against market fluctuations and as an appreciating asset.
Why has MicroStrategy paused its Bitcoin purchases?
The exact reasons for the temporary halt have not been disclosed by MicroStrategy. It could be linked to market conditions, company strategy, or other financial planning considerations.
What is the future trend of corporations investing in Bitcoin?
Given the recent moves by Semler Scientific, MicroStrategy, Metaplanet, and even first-time buyers like Rumble, it’s clear that corporations are showing increasing interest in Bitcoin as a legitimate and potentially profitable part of their financial strategy.
