Bitcoin Fever! Medical Firm Semler Scientific Acquires $30M BTC
Semler Scientific, a company that provides medical technology for early detection of chronic diseases, appears to be following MicroStrategy’s (MSTR) Bitcoin strategy. On November 25, 2024, the medical company shared Report Said it had purchased 297 Bitcoin (BTC) worth $29.1 million.
Semler Scientific buys $30 million in BTC
However, these noteworthy acquisitions occurred between November 18, 2024, and November 22, 2024, at an average price of $97,995 per BTC. The report further highlights that the company has added 1,570 Bitcoins worth $117.8 million at an average price of $75,039 per Bitcoin.
These high-profile acquisitions illustrate how the world’s healthcare industry is following the financial industry and entering the cryptocurrency space to combat inflation and participate in this rapidly evolving financial landscape.
MicroStrategy buys $5.4 billion in BTC
Recent acquisitions suggest the company is imitating microstrategic Bitcoin acquisition strategy. Meanwhile, MSTR itself acquired 55,500 BTC today for $5.4 billion, with an average price of $97,862.
Bitcoin’s rapid adaptation suggests this could be a perfect buying opportunity and demonstrates strong confidence from investors, whales, and now institutions as they all go on a buying spree.
As of press time, BTC is trading close to $96,550 and has remained stable over the past 24 hours. During the same period, its trading volume increased by 15%, indicating increased participation from traders and investors compared to the previous day.
