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The businessman questions that there are not many publicly traded companies with BTC reserves.
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Semler Scienfic is a Bitcoin whale, accumulating more than 2,000 coins.
The president and founder of Semler Scientific, Eric Semler, indicated that, in the near future, it will be considered irresponsible for public companies not to have bitcoin (BTC) on their balance sheets.
In a message Shared in X on December 25, Semler questioned the fact that there are few publicly traded companies who currently have treasuries in BTC.
“Many people instinctively view new and unknown things as risky. But, sometimes, the new and unknown is the safest and most responsible strategic option. “I think this is one of those moments,” Semler said.
According to the data of BitcoinTreasuries, less than 100 publicly traded companies, in total 73 companies, currently have a reserve of bitcoin. Globally, 587,687 BTC are under the control of these entities, representing 2.80% of the total supply of 21 million coins that will exist. At the current market price, $56.17 billion worth of bitcoin is held by publicly traded companies.
73 publicly traded companies hold BTC in reserve. Source: BitcoinTreasuries.
Semler Scientific, a company dedicated to the health sector, is currently one of the publicly traded companies with more than 2,000 BTC in custodyrepresenting itself as another whale on the market.
With this amount of BTC, Semler enters in the top 20 listed companies with the most bitcoin reserves, and is surpassed by companies such as MicroStrategy, Marathon Digital, Riot Platforms, Tesla and Coinbase.
Semler Scientific follows in the footsteps of MicroStrategy, which is currently the publicly traded company with more bitcoin in reservewith 444,262 BTC at the time of writing this report, according to BitcoinTreasuries.
Semler Scientific bitcoin treasury data. Source: BitcoinTreasuries.
MicroStrategy’s bitcoin purchasing strategy is based on the use of convertible bonds to finance significant BTC acquisitions, accumulating more than $6 billion in 2023 and aiming for 42,000 million in fixed income securities and stocks in the next three years to buy more bitcoin, as reported by CriptoNoticias.
This tactic allows hedge funds to take advantage of the significant volatility in MicroStrategy’s share price, which they have seen set new all-time highs thanks to your investment in bitcoin.
Semler Scientific has emulated this strategy, adopting a BTC treasury policy reflecting your confidence in the digital asset as a reliable store of value and an attractive investment.
The company has decided that holding bitcoin is the best use for its excess cash, after considering several alternatives. Despite the risks associated with bitcoin volatility, Semler Scientific sees this currency as an opportunity to generate significant returns, given the growing global acceptance and institutionalization of the asset.
Eric Semler’s statement on the future responsibility of public companies to own BTC, along with Semler Scientific’s treasury strategy, highlights a growing trend of corporate acceptance of bitcoin as a strategic financial asset. With the adoption of this policy, the company positions itself as an innovator in the digital financial field.
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