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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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Semler boosts Bitcoin holdings to $192 mln via Crypto Dnes post.
Semler Scientific has increased its bitcoin holdings to $192 million
Medical technology company Semler Scientific has expanded its #bitcoin holdings by purchasing 237 #BTC for $23 million (average price per coin: 98,000 The acquisition brings the total number of bitcoins owned by the company to 2,321 BTC, equivalent to nearly $192 million. The company funded the acquisition through stock sales and operating cash flow, with an average cost per bitcoin of less than $BTC Semler, who once struggled with growth, says the bitcoin investment has revitalized the company. CEO Doug Murphy-Tute emphasized his commitment to acquiring and holding BTC and said the strategy has brought the company out of financial stagnation. The return on bitcoin assets (a measure of the ratio of BTC to equity) #rose to 99.3%, indicating the success of this approach. Semler followed #MicroStrategy , which pioneered corporate bitcoin investing under Michael Saylor's leadership in 2020, and others joined the company. Since then, MicroStrategy's share price has soared 2000%, and companies like Hoss Therapeutics and Genius Group have adopted similar strategies. Read us at: Compass Investments