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Semler Scientific has purchased an additional 237 Bitcoin for approximately $23 million, raising its total holdings to 2,321 BTC valued at nearly $192 million. The company, which has issued over $120 million in stock to finance its Bitcoin strategy, reported a significant increase in its "Bitcoin yield" from 72.6% to 99.3%. This move is part of Semler's efforts to emerge from "zombie" status, as it focuses on acquiring and holding Bitcoin amidst a growing trend of corporate investments in the cryptocurrency.
Quantum BioPharma has invested $1 million in Bitcoin and other cryptocurrencies to diversify its treasury, joining a trend among companies seeking inflation hedges. Following the announcement, its Nasdaq shares fell nearly 10%. The firm is now positioned to conduct transactions in cryptocurrencies, reflecting a broader corporate shift towards digital assets.
Billionaire Thomas Peterffy, Chairman of Interactive Brokers, recommends a cautious approach to Bitcoin investment, suggesting a 2% to 3% allocation of net worth, while warning that exceeding 10% could be "too dangerous." He expressed concerns about the volatile nature of cryptocurrencies, emphasizing their lack of intrinsic value and the risks of excessive leverage leading to potential market crashes.Peterffy's views resonate with industry veterans like Bill Miller, who advocate for modest Bitcoin allocations. Meanwhile, businesses are increasingly incorporating Bitcoin into their treasury reserves, with firms like Rumble and various biotech companies allocating significant funds to the cryptocurrency as a hedge against inflation.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
semler scientific invests 23 million in additional bitcoin holdings
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20:45 13.01.2025
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14:14 12.12.2024
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