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This Monday, along with the new all-time high in the price of BTC, some companies increased the pace of purchasing the Cryptocurrency. On this day, it was learned that MicroStrategy made a massive purchase of BTC to increase its reserves to 439,000 coins. Likewise, the Semler Scientific company also acquired a significant sum of Bitcoin.
In a strategy similar to that of Saylor’s company, this technological solutions firm for chronic diseases is confident in the future of BTC. In that sense, the company decided this year 2024 to join recurring purchases of the digital currency to protect its capital.
Thus, this Monday the company revealed that it injected a total of $21.5 million into the purchase of 211 bitcoins. According to the company’s chairman of the board of directors, Eric Semler, the average price of this purchase was $101,890 per token.
Although this firm’s entry into the so-called “Bitcoin pattern” is relatively recent, its profits are considerable. With this Bitcoin acquisition, Semler Scientific reaches a total of 2,084 BTC in its corporate reserves. Since the company adopted this strategy in May of this year, it has enjoyed significant performance. So far this quarter, its performance has reached +67%.
Semler Scientific has acquired 211 BTC for ~$21.5 million at ~$101,890 per #bitcoin and has generated BTC Yield of 67.0% QTD and 92.8% since adopting our BTC treasury strategy in May. As of 12/15/24, we held 2,084 $BTC acquired for ~$168.6 million at ~$80,916 per bitcoin. $SMLR
— Eric Semler (@SemlerEric) December 16, 2024
Semler and the potential of the Bitcoin strategy
For some investors, the price of BTC at the moment is too high to inject capital, considering that it comfortably exceeds $103,000. This is a price well above the historical highs reached in 2021. Consequently, they argue that the token would be reaching a peak that awaits an inevitable correction. Therefore, investing now is not worth it and it is better to wait for it to go down.
For companies like MicroStrategy and Semler itself, this argument makes no sense. The philosophy of its directives is to buy regardless of the price. Thus, any time a person or company buys BTC, they will be doing so at a low price. This suggests that the limited supply of BTC becomes the driver of permanent appreciation.
With this in perspective, Semler began buying Bitcoin at a time when its price is arguably high. The average price you paid for each of your bitcoin reserves is $80,916. This is a high amount taking into account the maximums in force this year. Despite this, the company enjoys huge returns of +67% this quarter.
These elements show the return capacity that the largest cryptocurrency offers to the companies that adopt it. It is expected that in 2025 the price of the token will rise to at least $150,000 in a relatively conservative scenario.
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