Medical device manufacturer Semler Scientific has announced the acquisition of an additional 871 Bitcoin (BTC) for its treasury reserves, while MicroStrategy, the largest corporate BTC holder, has temporarily halted its weekly Bitcoin purchases.
Semler Scientific’s latest Bitcoin purchase, valued at $88.5 million, took place between January 11 and February 3, 2025, with an average price of $101,616 per coin. The acquisition brings the company’s total BTC holdings to 3,192, worth approximately $320 million at current market prices. The purchase was funded using proceeds from a convertible notes offering and partial liquidation of a minority investment.
This move by Semler Scientific demonstrates a growing trend among public companies to allocate a portion of their treasury reserves to Bitcoin as a hedge against inflation and potential currency devaluation. With BTC currently trading around the $100,000 level, the company’s decision to expand its Bitcoin holdings suggests a long-term bullish outlook on the cryptocurrency.
On the other hand, MicroStrategy, known for its aggressive Bitcoin accumulation strategy, has temporarily paused its BTC purchases. This break in the company’s routine acquisitions may indicate a cautious approach amid heightened global tensions and market uncertainty. However, with MicroStrategy’s total BTC holdings standing at 471,107, the company remains a major player in the Bitcoin market.
As more companies like Semler Scientific and Metaplanet continue to invest in Bitcoin, the institutional adoption of the cryptocurrency is expected to grow, potentially driving up demand and price in the long run. The temporary pause in MicroStrategy’s purchases may create short-term volatility, but the overall trend of corporate Bitcoin accumulation remains positive.
Tags: Bitcoin, Semler Scientific, MicroStrategy, corporate bitcoin adoption, bitcoin treasury reserves
Source: https://bitcoinist.com/semler-scientific-snaps-up-871-bitcoin-while-microstrategy-temporarily-halts-btc-accumulation/