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Semler Scientific Bags 871 BTC ($88.5M) Amid Price Decline

While investors secured their bags amid the market tumble on Monday, Semler Scientific added more BTC to its stash.

bitcoins in bag

Following the sharp market drop and recovery on Monday, Semler Scientific, a famous U.S. healthcare company, announced a strategic purchase of bitcoin (BTC) to boost its holdings. It bought about 871 BTC to increase its holdings to 3,192 BTC, and since the start of this year, it has achieved a BTC yield of 21.9%.

Remarkably, Semler’s purchase announcement comes after a sharp market drop that took BTC below the $92,000 mark and reaped off over $2 billion from bullish leverage traders.

$88.1 Million Well Spent

According to the medical technology firm, it spent about $88.1 million on its latest BTC shopping spree, which lasted three weeks, from January 11, 2025, to February 3, 2025. Due to the extended purchase period, it acquired the crypto at various prices, attaining an average buy price of $101,616 per BTC.

Moreover, the company’s strategic switch to BTC has been fruitful. Starting July 2024, when it adopted BTC as a store of value, it has achieved a BTC yield of 152.2%, putting smiles on the faces of its investors.

“We are thrilled with the progress we are making in growing our bitcoin stockpile,” said Eric Semler, chairman of Semler Scientific.

Semler Scientific has spent $280.4 million to purchase 3,192 BTC for approximately $87,854 per token. By the current spot bitcoin price of $100,000, its holdings are worth $319.2 million.

MicroStrategy Pauses BTC Purchase Streak

While Semler Scientific continues to stack up more BTC, MicroStrategy, an American business intelligence firm and the world’s first corporate bitcoin holder, has taken a break from gathering the apex coin.

MicroStrategy embarked on a twelve-week Bitcoin buying spree in November 2024. However, its bitcoin-enthusiastic chairman, Michael Saylor, announced Monday that the firm had not processed any BTC purchase transactions within the last week. The company still holds about 471,107 BTC, acquired for approximately $30.4 billion at $64,511 per bitcoin.

Meanwhile, the company revealed plans to raise about $563 million for its next BTC purchase via a public offering of its Perpetual Strike Preferred Stock (STRK).

Mishael Nwani

Mishael Nwani is an avid crypto enthusiast with nearly four years of experience in the industry. Since 2022, he has covered topics across cryptocurrencies, NFTs, artificial intelligence, and financial markets.