Key Highlights:
- Semler Scientific scoops up 303 BTC at an average price of $96,779 per coin, further boosting its crypto treasury.
- Corporate buyers now control over 13.6% of Bitcoin’s limited supply, adding to the growing supply crunch narrative.
Paradisers! Is Bitcoin’s supply crunch closer than we think? With BTC prices smashing through the $104,000 mark, Semler Scientific has just announced its latest acquisition of 303 BTC, valued at $96,779 per coin. This move positions the company among the growing cohort of businesses piling into Bitcoin to capitalize on its scarcity and yield potential.
A Latecomer with Big Ambitions
Once known as a medical technology firm, Semler pivoted to crypto ownership in May, building a treasury of 1,873 BTC with a cost basis of $78,553 per coin. Its latest acquisition marks another step in the company’s mission to join the ranks of Bitcoin’s largest corporate holders.
Unlike passive holders like Tesla, Semler is going all-in on yield, leveraging Bitcoin’s price appreciation to boost shareholder returns. And it’s paying off, Semler’s shares have skyrocketed from $23 in September to $63 today, a 170% rally fueled by its crypto strategy.
A Growing Trend of Corporate Accumulation
Semler’s play mirrors the strategies of giants like MicroStrategy and Mara Holdings, both of which have aggressively added to their BTC treasuries in recent weeks. MicroStrategy even doubled down during Bitcoin’s brief dip below $90K, only to reap massive rewards as prices surged past $100K.
These corporate acquisitions are creating a significant supply crunch. With more companies holding their coins long-term, the availability of liquid BTC for big transactions is shrinking fast.
The Bigger Picture: Who’s Hoarding All the Bitcoin?
On-chain data shows that corporations, ETFs, and even governments now control over 13.6% of Bitcoin’s total 21M supply, a whopping 2.8M BTC. This far surpasses the 1.91M BTC held by miners and highlights a growing trend: large players are solidifying their grip on the market.
Interestingly, this hoarding spree is putting pressure on retail investors, many of whom may be selling their coins too early. As Semler and other corporate buyers step in, retail traders could find themselves priced out of the next leg of Bitcoin’s rally.
What’s Next for Semler and Bitcoin?
With BTC prices soaring and the corporate FOMO in full swing, Semler’s strategy could push its stock even higher. The company is already planning another $50M share sale to fund future Bitcoin buys.
For the broader market, the implications are clear: as corporate and institutional ownership grows, Bitcoin’s legendary scarcity is becoming more than just a narrative, it’s an impending reality.
