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Semler Scientific Expands Bitcoin Treasury With New Acquisition, Total Now 4,846 BTC

The California-headquartered company continues to grow its exposure to the world’s largest cryptocurrency by market cap. According to the filing, Semler Scientific purchased 210 BTC between July 3 and July 16, spending $25 million at an average cost of $118,974 per BTC.

At current market prices, the company’s total BTC holdings are valued at nearly $570 million. Meanwhile, the average acquisition cost of its Bitcoin stack stands at approximately $93,890 per BTC, with a cumulative investment of $455 million.

Semler Scientific Expands Bitcoin Treasury With New Acquisition, Total Now 4,846 BTC

The California-headquartered company continues to grow its exposure to the world’s largest cryptocurrency by market cap. According to the filing, Semler Scientific purchased 210 BTC between July 3 and July 16, spending $25 million at an average cost of $118,974 per BTC.

At current market prices, the company’s total BTC holdings are valued at nearly $570 million. Meanwhile, the average acquisition cost of its Bitcoin stack stands at approximately $93,890 per BTC, with a cumulative investment of $455 million. 

https://bitcoinist.com/semler-scientific-expands-bitcoin-treasury-with-new-acquisition-total-now-4846-btc/