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Semler Scientific Boosts Bitcoin Bag With New BTC Purchase

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2 hours ago

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Healthcare startup Semler Scientific has doubled down on its Bitcoin (BTC) acquisition agenda by purchasing a new batch of the coin. According to an announcement, the firm has purchased 215 Bitcoin units valued at $17.7 million.

Semler Scientific Bitcoin Bet and Stock Boom

As disclosed by the firm, it acquired this new stash between November 6 and November 15 and paid an average price of $82,502 per Bitcoin. This purchase price also includes fees and expenses.

Semler Scientific launched its Bitcoin acquisition campaign in May. At the time, the company bought a $40 million worth of Bitcoin as it looked to adopt MicroStrategy’s Bitcoin playbook. Since then, the health tech firm has made other massive BTC purchases to boost its bag. Earlier this month, it increased its BTC holdings to 1,000 units as reported by Coingape.

Following the latest acquisition, Semler said its Bitcoin yield has now jumped 18.9% from October 1 to November 15. At the moment, the firm’s total Bitcoin holdings is now pegged at 1,273 BTC with a total yield of 37.3% since it started acquiring the coin.

Semler Scientific chose to buy this latest Bitcoin at a time the price of the coin is trading at its highest level. BTC price recorded multiple All-Time Highs (ATHs) last week as all holders became profitable.

The Semler Scientific Bitcoin strategy is notably paying off as the company’s shares has also jumped remarkably. Following the latest update, the firm’s shares on the NASDAQ exchange jumped by 10.36% to $49.09. With investors embracing SMLR due to its exposure to BTC.

MicroStrategy and Metaplanet In the Same League

Besides Semler Scientific, MicroStrategy and Metaplanet are also advancing their BTC acquisition strategies.

Per an earlier Coingape report, MicroStrategy bought 51,780 BTC for $4.6 billion. This pushed the firm’s total bag to 3331,200 BTC, which it acquired for $16.5 billion at an average price of $49,875 per bitcoin.

Metaplanet also revealed recently that it plans to issue bonds to buy additional Bitcoin. Per its plan, it hopes to raise as much as $11.3 million for this purchase.

As market analysts noted, the massive institutional embrace of the coin is helping to fuel the surge in the price of BTC. At the time of writing, the coin has seen its price jump by 1.2% in 24 hours to $90,411.04. With heightened volatility, the coin has traded from a low of $88,741.66 to a high of $92,194.35.

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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WhiteBIT Exchange Announces New Affiliate Program As Crypto Market Cap Hits $3T

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6 hours ago

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November 18, 2024

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Crypto exchange WhiteBIT has launched a major program offering some users up to 60% in trading fee rewards, creating exciting earning potential for participants. The new affiliate initiative comes as the crypto market cap surpassed $3 trillion amid major adoption by retail and institutional investors.

WhiteBIT Exchange Rolls Out Affiliate Program With 60% Rewards

WhiteBIT has recently rolled out an exciting affiliate program, aimed at expanding its global network of partners and enhancing user engagement. As one of Europe’s largest cryptocurrency exchanges, it now offers affiliates the opportunity to earn up to 60% of trading fees from their referred users, with daily payouts to ensure a steady income.

Through an exclusive, limited-time promotion available until the end of 2024, new affiliates can earn up to 35 USDT in extra rewards for each referral publication and an additional 31 USDT for every new user they onboard. This exclusive offer provides a valuable opportunity for affiliates to maximize earnings while promoting one of Europe’s leading cryptocurrency exchanges.

Affiliates also gain access to a comprehensive analytics dashboard, which includes detailed performance data and insights to optimize their campaigns. This user-friendly dashboard empowers affiliates to track and improve their efforts, enhancing their overall earnings. Additionally, affiliates can create custom campaigns, giving them flexibility and control over how they promote to their audiences.

With this new affiliate program, WhiteBIT aims to foster a strong community of crypto enthusiasts. Participants also join an exclusive affiliate community, gaining early access to new promotional campaigns and updates, ensuring they stay informed on the latest offerings and opportunities.

Crypto Exchange’s Plans Amid Crypto Market Cap Surpassing $3 Trillion

Founded in 2018, WhiteBIT is one of Europe’s leading centralized cryptocurrency exchanges headquartered in Lithuania. With over 5 million users and more than 600 trading pairs, it provides a wide range of services, including spot, margin, and futures trading.

To mark its 6th anniversary, the crypto exchange recently launched the Bull Run app. This interactive Telegram app encourages crypto enthusiasts and traders to enhance their market forecasting skills by participating in a gamified experience. With Bull Run, WhiteBIT aims to make crypto trading accessible and engaging for everyone, supporting the exchange’s mission to broaden the reach of blockchain technology.

The affiliate program came just after the US Election, which sparked optimism in the broader crypto market.

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Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
Rupam’s career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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How a Crypto Trader Achieved It in 20 Days? 

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9 hours ago

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November 18, 2024

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Ever since Donald Trump’s win in the US election, the crypto market has been witnessing a bullish status, with many crypto traders coming forward with millions in profits. Though this has happened even before, the number of successful crypto trading incidents increased gradually, confirming the positive impact of these macroeconomic events on the market. One trader recently amazed his peers after transforming his $1.1K crypto portfolio into $1.82M in just 20 days, bringing a 1,654x return to his initial investment.

Crypto Trader’s Profitable Journey Began With URO

Amid the millions of cryptocurrencies,  a crypto trader identified immense potential in the URO token twenty-one days ago. Even though the token is relatively unknown, the trader invested 4.35 SOL, equivalent to $768. With that, he bought a 16.44 URO token, which was the right decision, as the token grew exponentially.

In just 20 days, the $800 worth of tokens grew into $523K, making a big return on the investment. To many, it was mere crypto trading luck, but the way the crypto trader swapped all his memecoins, it is more of a strategic move. With that, the trader has made a 714X return on his $800 investment, that too, in a newly launched memecoin.

In just 20 days, this trader’s wallet grew from $1.1K to $1.62M, a 1,473x return!

20 days ago, this trader spotted $URO.

He spent 4.35 $SOL($768) to buy 16.44M $URO and swapped all #memes into $URO.

He currently holds 16.78M $URO, worth $572K, and the cost is only $800.

16… pic.twitter.com/aknURQ7v5K

— Lookonchain (@lookonchain) November 17, 2024

However, that was not all, as the Lookonchain X post reveals further investments that helped the investors grow their crypto portfolio.

Building The Profitable Crypto Portfolio With RIF

With more strategic research, the crypto trader again invested in trending crypto, RIF. Around 17 days ago, he invested 1.8 SOL, worth around $300, and bought 11.85 RIF. Even in that, he sold 1M RIF after its market value grew exponentially and made 94,335 USDC. This crypto trading decision changed his crypto portfolio. At this point, he has made $617,335 with URO and RIF, but there is more.

To this day, he is left with 10.84M RIF, which is worth $12.65M. The token price has grown to $0.1167 after an almost 15% surge over the week. With that, his $1.1k investment turned to $1,882,363, making a profit of $1.88M in 20 days.

Possible Crypto Trading Strategies Behind This Achievement

Crypto trading offers immense profit-making opportunities, but it is not entirely simple. The market is complex, and various factors determine the asset’s value. As a result, crypto traders must understand market trends to build successful trading strategies. The crypto investor turned his $1.1K into $1.8M with the right strategy only.

Based on his trade records, it is clear that the trader researched the market and discovered potential cryptos. Even so, he has invested small amounts in the right tokens, which have a high return potential. More importantly, he entered and exited the trade at the right time, when the value was low at buying and high at selling.

Last but not least, he diversified his crypto portfolio with tokens that brought high returns. Here he made 715X returns in URO and 3,503X returns in RIF. Interestingly, a crypto whale earned $180M at the same time, indicating the market’s bullishness.

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Pooja Khardia

With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.

As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Poland Presidential Candidate Calls for Bitcoin Reserve In Election Pitch

Published

12 hours ago

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November 18, 2024

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Poland Presidential Candidate Slawomir Mentzen has recently pitched for a strategic Bitcoin Reserve as part of his election pitch. Drawing a leaf from Donald Trump’s victory in the US presidential election, global leaders have joined the bandwagon. Bitcoin investor Mentzen eyes a similar paradigm shift in Polish elections as BTC price a massive rally over $93,000.

Poland Eyes Strategic Bitcoin Reserve Like United States

In a post on the X platform on November 19, Slawomir Mentzen, the Polish presidential candidate of the KORWiN party, demanded that Poland create its own strategic Bitcoin reserve. Interestingly, Mentzen also proposed having crypto-friendly regulations along with support from the national banks for building this reserve. He wrote:

“If I become the President of Poland, our country will become a cryptocurrency haven, with very friendly regulations, low taxes, and a supportive approach from banks and regulators. BTC to the Moon!”

Election in Poland will tentatively happen around May 2025, and hence a Bitcoin push early on could lead to a shift in the course of elections in the coming months. Although Slawomir Mentzen is the candidate of a smaller party, he can gain significant ground with this BTC push.

Several market analysts think that the Bitcoin Game Theory will soon play out among nation-states, creating a snowball effect in no time. In the United States, top Bitcoin leaders like Michael Saylor, and Cynthia Lummis have started pitching President-elect Donald Trump about the importance of having a BTC reserve, and how it can reduce the US national debt by a staggering $16 trillion.

It is clear that leaders across nation-states have started seeing Bitcoin as a crucial reserve asset similar to gold. Senator Cynthia Lummis also proposed that state-federal banks sell some of the gold and use the proceeds to buy BTC.

Słamowir Mentzen Is A Bitcoin Businessman

Amid the strategic Bitcoin Reserve pitching reports, Polish Presidential candidate Slamowir Mentzen revealed that he had invested all his money into Bitcoins a decade before in 2013.

“In 2013, I bought cryptocurrencies with all the funds I had. I went all-in and did very well, but that was 2013,” he said during a conversation on a YouTube channel run by Filip Kowiarski. Furthermore, he also addressed accusations of pursuing others to buy BTC or providing any similar advice. In his interview, he said:

“I have been holding Bitcoins for years, I have been holding cryptocurrencies. I bought them back in 2013, at the beginning of this year I sold a little bit (…), but I hold the vast majority. Some people accuse me of trying to sell cryptocurrencies and saying: buy them. I am absolutely not trying to sell cryptocurrencies to anyone, I have not bought any cryptocurrencies for years, it is a very risky investment”.

BTC Price to Rally Over $100K?

As of press time, the Bitcoin price is trading at $90,547, with a market cap of $1.791 billion. Several market analysts predict BTC will hit $100K by the year-end, however, bulls seem to be taking a wait-and-watch approach. BTC rallied over 32% in a month

Popular crypto analyst Rekt Capital stated that the Bitcoin top hasn’t arrived yet and there’s still 3-4 weeks of rally ahead before calling a top as per the historical trends.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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