Company That Achieved 78% Return Thanks to Bitcoin, Increases Its Reserve - Coin Bulletin

Semler Scientific, the California-based healthcare company of the United States, continues to expand its reserves despite the recent rise of Bitcoin.

The company traded on Nasdaq increased its total bitcoin holdings to 1,873 by purchasing 303 more bitcoins for $29.3 million.

Semler Scientific stated that 303 Bitcoins were purchased between November 25th and December 4th, including expenses, at an average price of $96,779. It was stated that the company has spent a total of $147.1 million to date, purchasing 1,873 Bitcoins at an average price of $78,553.

Bitcoin strategy is profitable

Semler Scientific announced that it has achieved a 78.7 percent return since July from its Bitcoin strategy. The company's president, Eric Semler, said, "We are very pleased that our BTC return has been 78.7 percent."

The company stated that it uses BTC yield as a key performance indicator (KPI) to evaluate the performance of its Bitcoin strategy. 'Semler Scientific believes that this indicator could help investors better understand why the company issued additional shares to finance its Bitcoin purchases.'