MicroStrategy Doubles Down With $5B Bitcoin, Semler Scientific Follows With $29M Purchase

Key Takeaways

• MicroStrategy has further solidified its position as a major Bitcoin holder by acquiring an additional 55,500 BTC.
• Semler Scientific has also expanded its Bitcoin holdings.
• Michael Saylor’s company remains the largest Bitcoin holder among public companies.

The corporate race to accumulate Bitcoin (BTC) continues to heat up, with MicroStrategy and Semler Scientific making significant moves to bolster their holdings.

Michael Saylor’s company, already the largest corporate Bitcoin holder, has made another massive investment , acquiring $5.4 billion worth of Bitcoin.

MicroStrategy Buys $5B Worth

MicroStrategy (MSTR) announced  it acquired an additional 55,500 Bitcoin for $5.4 billion, increasing its total holdings to 386,700 BTC, valued at nearly $38 billion.

The company paid an average of $97,862 per Bitcoin for this latest purchase, which occurred over the six days ending yesterday.

In total, MicroStrategy purchased its 386,700 BTC at a cumulative cost of $21.9 billion, averaging $56,761 per Bitcoin.

The company’s BTC yield was 35% from Oct. 1 to Nov. 24 and 60% from Jan. 1.

After the latest purchase announcement, MSTR stock  lost 4.4%, dropping to $403 and 1.6% further in after-hours trading, reaching $397.

Semler Scientific Invests $29M

Semler Scientific also boosted its Bitcoin holdings  with a new 297 BTC acquisition between Nov. 18 and 22.

Semler purchased the BTC at an average price of $97,995 each, increasing its total holdings to 1,570 Bitcoin, acquired at a cumulative cost of $117.8 million.

The company also announced the filing of a prospectus supplement to double the previous amount of its at-the-market (ATM) equity program to $100 million.

As of Nov. 22, Semler had raised approximately $50 million in gross proceeds from the program.

Semler also reported a Bitcoin yield of 58.4% from July 1 to Nov. 22, 2024, a significant rise from the 37.1% yield recorded between Oct. 1 and Nov. 22.

Largest Bitcoin Holders

MicroStrategy remains the largest corporate Bitcoin holder .

Bitcoin mining firm MARA holds 26,842 BTC, worth $2.5 billion and accounting for 0.1% of the global supply.

Galaxy Digital Holdings has 15,449 BTC, valued at $1.44 billion.

Elon Musk’s Tesla holds 11,509 BTC. Tesla’s Bitcoin was purchased for $336 million and is now valued at $1.07 billion.

Coinbase Global, the U.S.-based crypto exchange, has 9,183 BTC with a current value of $856 million.

Canadian Bitcoin miner Hut 8 Mining holds 9,102 BTC, worth $849 million.