Semler Scientific buys another $23M in Bitcoin
The company now owns more than $192 million worth of BTC and touts a “Bitcoin yield” of more than 99%, it said.
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The company now owns more than $192 million worth of BTC and touts a “Bitcoin yield” of more than 99%, it said.
Critics call it heedless; supporters say it’s brilliant. Either way, Michael Saylor continues doubling down on Bitcoin.
According to data from MicroStrategy co-founder Michael Saylor, the company holds 444,262 Bitcoin, valued at roughly $41.4 billion.
The fund aims to offer exposure to MicroStrategy’s convertible bonds, among others.
MicroStrategy slowed down Bitcoin buying last week, reporting the smallest BTC buy since July 2024.
According to MicroStrategy co-founder Michael Saylor, the company currently holds 439,000 Bitcoin, valued at approximately $27 billion.
Bloomberg Intelligence expects MicroStrategy’s stock, MSTR, to join the Nasdaq 100 index later in December, with an announcement to come as soon as this week.
MicroStrategy’s Bitcoin treasury is worth more than $40 billion after BTC surpassed $100,000 per coin.
Corporate Bitcoin adoption is “going parabolic,” and early birds have little to worry about when it comes to BTC price corrections.
On the yearly chart, Bitcoin rose 146% while MicroStrategy gained over 599% as more retail investment increased MicroStrategy’s volatility compared to BTC.
