The company concluded its first year of Bitcoin reserve operations with 4,449 BTC on its balance sheet. Medical tech company Semler Scientific has deepened its Bitcoin strategy, revealing a new $20 million investment for 185 BTC between May 23 and June 3. The latest acquisition brings its total holdings to 4,449 Bitcoin (BTC), purchased at an average price of $107,974 per coin. According to a June 4 filing with the US Securities and Exchange Commission (SEC), Semler’s total investment in the cryptocurrency now stands at $410 million, valued at approximately $472.9 million as of June 3. Its Bitcoin yield is up by 26.7% since it began accumulating BTC in May 2024. Semler has made regular Bitcoin purchases over the past year. The company also revealed the addition of $50 million to its Bitcoin reserve in May, after it acquired another $10 million BTC between February and April. Read more
According to the payments company, it had secured approval across a patchwork of regulatory regimes in individual US states allowing it to operate across the country. Cryptocurrency payments company MoonPay said it would be able to offer its service to users in all 50 US states after receiving licensing approval in New York. In a June 4 notice, MoonPay said the New York State Department of Financial Services (NYDFS) granted its US company a BitLicense and a money transmitter license. The addition of the BitLicense makes MoonPay one of 35 digital currency businesses able to operate in New York State. “With the approval of our New York BitLicense and Money Transmitter Licenses, MoonPay now holds the golden regulatory stack for crypto in the US, allowing us to directly serve customers in every single state without gaps in coverage,” said MoonPay co-founder and CEO Ivan Soto-Wright. Read more