Bitcoin price signals bearish trend, dropping below $94k amid market volatility. Meanwhile, Strategy announces $2B note offering to acquire more BTC despite the correction.
Semler Scientific’s Chair proposes Bitcoin investment as solution for Zoom’s stagnant stock performance, despite company’s $7.7B cash reserves.
Small-cap healthcare tech company Semler Scientific has significantly increased its Bitcoin position through a major acquisition, funded by convertible notes and asset monetization.
The convertible senior notes, set to mature in 2030, provide Semler with capital flexibility while giving investors the option to convert debt into shares.
Semler Scientific increases Bitcoin holdings through stock sales, emphasizing its belief in Bitcoin’s value and use as a strategic reserve.
BTC Yield surged to 92.8%, reflecting Semler’s effective strategy of leveraging equity funding to rapidly expand bitcoin holdings.
Semler Scientific expands Bitcoin holdings with a $29.3M purchase of 303 BTC, while its stock surges 149% amid growing institutional crypto adoption and declining exchange supplies.
Semler Scientific made its first Bitcoin purchase on May 28 and from that time till now, its shares have risen by 40%.
Semler’s affair with Bitcoin does not extend to other crypto assets.
Schiff’s commentaries are in line with a recent trend in the corporate world where major companies are increasing their Bitcoin exposure.