Bitcoin Buying Sprees Accelerate as Metaplanet, Semler Stack More BTC

Public trading companies Semler Scientific and Metaplanet bought more Bitcoin On Monday, adding to their already large proportions, even as a bitcoin Treasury trend-setter Strategy He paused with the purchase.

Semler, a company that develops products for the treatment and detection of chronic illness, bought 187 Bitcoin for $ 20 million. The Japanese investment company Metaplanet has reduced $ 2,205 by nearly $ 239 million.

Semler now holds 4,636 BTC worth of more than $ 500 million, while Metaplanet’s Treasury has grown to 15,555 bitcoin worth almost $ 1.7 billion.

Both followed the access of the strategy (earlier Microstrategy), deciding on creative funding solutions to raise funds to buy multiple bitcoins. In addition, they both report on BTC yields, a key performance indicator popularized by the co -founder of the strategy Michael Saylor and his company that measures the ratio of Bitcoin’s company’s share according to the presumed sections.

Metaplanet reported 416% of BTC yields from year to date, while Semler has reached a yield of 29%.

An increasing number of public trading companies have created treasuries in recent months. Companies that are traded publicly now have more than 852,000 BTC, according to the data provider Bitcointreasures.net.

The last shopping of Metaplanet and Semler arrived even as The strategy broke its quarterly series of weekly reservoirs.

Metaplanet shares today are reduced by 1.8%, but remaining 381% in accordance with Google Finance data. Semler’s shares, which trade on Naddaq as SMLR, are reduced by 4.4% and more than 29%, despite its accumulation of bitcoin.

The leading assets have been reduced by about 0.7% in the last 24 hours and traded at $ 108,061, which is only 3.4% of its maximum of $ 111,814.