Semler Scientific increases its investment in Bitcoin with an acquisition of 101 bitcoins: 929 is the total number of bitcoins owned by the company.
Semler Scientific, a Nasdaq-listed healthcare company, has expanded its strategic reserve of bitcoin with the acquisition of an additional 101 bitcoins, bringing the total to 929 BTC. The company’s total investment now amounts to $63 million.
Acquisition strategy
The company announced the move in May, when it purchased 581 BTC worth $40 million. The operation was followed by two additional purchases in June. Also in June, the company announced a plan that includes the possibility of raising up to $150 million through the issuance of debt securities, with the intention of using a portion of the proceeds to purchase additional bitcoin.
Semler Scientific’s CEO, Doug Murphy-Chutorian, emphasized the importance of maintaining the focus on acquiring and managing bitcoin alongside expanding the company’s healthcare business.
President Eric Semler also expressed confidence in the company’s decision, stating:
“We continue to firmly believe that Bitcoin is a compelling investment and plan on acquiring additional bitcoins with our cash from operations, as well as with cash generated from the issuance of debt securities.”
