Semler Scientific Boosts Bitcoin Stash to $314M as Chairman Says Doubters Can Sell Stock
Semler Scientific, a Nasdaq-listed healthcare company, has increased its Bitcoin holdings to 3,303 BTC, valued at nearly $314 million. The company has made significant purchases recently, including acquiring 111 BTC for $10 million. Chairman Eric Semler expressed confidence in their Bitcoin strategy, stating shareholders skeptical of this approach are welcome to sell their stocks. Semler highlighted that Bitcoin has generated a year-to-date yield of 23.5%. The company started its Bitcoin buying spree last year, emulating companies like MicroStrategy, which began acquiring Bitcoin to enhance returns in response to inflation. Currently, the price of Bitcoin has risen to above $95,000, marking significant growth after a prior dip below $75,000. Semler Scientific's stock has also seen a nearly 3% increase, reflecting positive investor sentiment amid the rising Bitcoin market.
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