The healthcare company Semler Scientific, which is listed on the Nasdaq technology exchange, has published its figures for the second quarter and announced that it has purchased 101 bitcoins.

In addition, the Company announced the purchase of an additional 101 bitcoins for an aggregate amount of $6.0 million. Since announcing the adoption of a bitcoin treasury strategy on May 28, 2024, the Company has purchased 929 bitcoins for a total of $63.0 million.
From the press release

Semler Scientfic paid six million US dollars for the 101 Bitcoin, which suggests a purchase price of around 60,000 US dollars per BTC. The company, which is worth around 200 million US dollars, now holds a total of 929 BTC with a current equivalent value of around 50 million US dollars.

Semler Scientific ($SMLR) shares doubled in price within two weeks of the introduction of the Bitcoin strategy. However, due to the sharp correction in the Bitcoin price, $SMLR has temporarily fallen back to its previous level.

Public limited companies regularly buy Bitcoin

Semler Scientific is one of several public companies that bought Bitcoin in the second quarter. In addition to the "first mover" MicroStrategy, the large payment service provider Block Inc. also regularly buys Bitcoin - 173 BTC in Q2 via the Bitcoin savings plan. The multi-billion US dollar mining company Marathon Digital also recently bought USD 100 million and increased its Bitcoin holdings to over 20,000 units.

In addition to these billion-dollar companies, there are also an increasing number of small listed companies that are discovering Bitcoin for themselves. OneMedNet, another Nasdaq-listed healthcare company, announced at the end of June that it had bought USD 1.8 million worth of Bitcoin. OneMedNet's market capitalization is currently around 30 million US dollars.

Even a small Japanese stock corporation has been pursuing a Bitcoin strategy since the beginning of April. The company Metaplanet has been able to accumulate almost 250 BTC to date and the share price has multiplied as a result.

In any case, a trend can be seen that more and more listed companies are backing Bitcoin and becoming regular buyers. If the strategy proves lucrative in the medium and long term - as is already the case with MicroStrategy - it can be assumed that more and more stock corporations will jump on this bandwagon.

Tristan

About the author: Tristan

Tristan is a graduate economist with journalistic experience outside of Blocktrainer.de. Tristan has been active in the Bitcoin space since 2020 and was already involved in libertarian economic theory in the years before that.

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