Bitcoin Fever! Medical Firm Semler Scientific Acquires $30M BTC
Chandan Gupta25 Nov 20241 min read
Semler Scientific, a firm that provides medical technology for early chronic disease detection, appears to be following MicroStrategy’s (MSTR) Bitcoin strategy. On November 25, 2024, the medical firm shared a report stating that it had purchased a notable 297 Bitcoin (BTC) worth $29.1 million in cash.
Semler Scientific Buys $30 Million of BTC
However, these notable acquisitions occurred between November 18, 2024, and November 22, 2024, at an average price of $97,995 per BTC. The report further highlights that the firm has added a significant 1,570 BTC, worth $117.8 million, at an average price of $75,039 per BTC.
These notable acquisitions indicate how the world’s medical sector following the financial sector and has stepped into the cryptocurrency space to battle inflation and participate in this rapidly evolving financial landscape.
MicroStrategy Buys $5.4 Billion of BTC
The recent acquisitions suggest that the firm is mirroring MicroStrategy’s Bitcoin acquisition strategy. Meanwhile, MSTR itself has acquired 55,500 BTC today for $5.4 billion at an average price of $97,862.
This rapid adaptation of Bitcoin shows this might be the perfect buying opportunity and suggests the strong confidence of investors, whales, and now institutions as they all are on a buying spree.
At press time, BTC is trading near $96,550 and has remained stable in the past 24 hours. During the same period, its trading volume jumped by 15%, indicating heightened participation from traders and investors compared to the previous day.
