Semler Scientific Joins Bitcoin Elite with $88M Investment

Semler Scientific Boosts Bitcoin Holdings with $88M Investment

Semler Scientific, a healthcare technology company, has made a significant move in the cryptocurrency market by investing $88 million in Bitcoin. This strategic acquisition has propelled Semler to the 10th position among corporate Bitcoin holders, with a stockpile worth over $313 million and a yield of over 150%.

The company's decision to invest in Bitcoin comes at a time when the cryptocurrency market is experiencing a surge in interest and adoption. MicroStrategy, a business intelligence software company, has amassed over $46 billion in Bitcoin, further fueling the crypto craze.

Semler Scientific's investment in Bitcoin is a testament to the growing acceptance of cryptocurrencies as a viable asset class. As more companies and institutions embrace Bitcoin, the market is likely to see increased stability and growth.

El Salvador Adds 12 BTC Amid Market Dip, Reaffirms Crypto Commitment

El Salvador, the first country to adopt Bitcoin as legal tender, has once again purchased 12 BTC amid a brief market downturn. The country's Bitcoin Office tracker confirmed the acquisition, which brings El Salvador's total Bitcoin holdings to 6,068 BTC, valued at over $554 million.

The latest purchase follows President Nayib Bukele's announcement of a $1.4 billion financing agreement with the International Monetary Fund (IMF). In response to the IMF deal, El Salvador made several changes to its Bitcoin policies, including making Bitcoin acceptance voluntary for private businesses and reducing its involvement in the Chivo wallet.

Despite these concessions, El Salvador's Bitcoin buying spree continues unabated. The country has accumulated 21 BTC this week alone and 60 BTC in the last 30 days, according to data shared by the National Bitcoin Office on X. The office declared, "The first Strategic Bitcoin Reserve in the world keeps growing, and so El Salvador keeps winning."

Bitcoin's price dipped to a 24-hour low of around $96,000 before rebounding to approximately $98,000. El Salvador capitalized on the market dip to expand its Bitcoin reserves, highlighting President Bukele's steadfast belief in the long-term value of digital assets