CandleFocus

Bitcoin Adoption Skyrockets, Semler Scientific Buys $21.5M in BTC

Semler Scientific, a medical technology company, has acquired 211 BTC worth $21.5 million, following the recent trend of institutions and crypto whales showing interest in Bitcoin. This purchase was made at $101,890 per BTC, and the company has generated a BTC yield of 67.0% QTD and 92.8% since adopting BTC as part of its treasury strategy in May 2024. With this latest acquisition, Semler Scientific now holds 2,084 BTC acquired for a total of $168.6 million. This marks the third BTC purchase by the company in the past two months. The price of BTC has shown strong momentum, currently trading near $103,756 with increased trading volume.

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