The American company specializing in the production of medical devices is increasing its bitcoin reserves and preparing to raise capital for future purchases: a new MicroStrategy?
Semler Scientific, a Nasdaq-listed company specializing in the production of medical devices, has increased its investment in bitcoin, bringing it to 828 units. On June 6, the company filed the S-3 document with the U.S. SEC, revealing the purchase of an additional $17 million in bitcoin.
Semler Scientific also announced a plan to raise up to $150 million through the issuance of debt securities, intending to use a portion of the proceeds to purchase additional bitcoin.
Doug Murphy-Chutorian, CEO of Semler Scientific, stated:
“Semler remains focused on our two strategies of expanding our healthcare business and acquiring and holding bitcoin. The company now holds 828 bitcoins, underscoring our view that bitcoin is a compelling investment and can serve as a reliable store of value. We will continue to pursue our strategy of purchasing bitcoins with cash.”
According to the company, Bitcoin’s digital resilience makes it preferable to gold as a store of value, highlighting its potential to generate high returns as it is increasingly accepted as “digital gold.” For Semler, Bitcoin represents protection against inflation and a safe haven during periods of global instability.
In the document submitted to the SEC, Semler Scientific clarified that it does not intend to purchase any cryptocurrencies other than Bitcoin.
Previously, on May 28, the company had announced the purchase of 581 bitcoins, equivalent to $40 million.
