Semler Scientific, a medical technology firm, has significantly bolstered its Bitcoin investments, acquiring an additional 83 BTC for $5 million. This latest purchase raises the company’s total Bitcoin holdings to 1,012 BTC, with a combined investment of $68 million, including associated costs.
In a press release dated August 26, the Santa Clara-based company, known for its chronic disease management solutions, revealed that the new Bitcoin acquisition was primarily funded through operational cash flow and supplemented by its at-the-market equity program.
Eric Semler, Chairman of Semler Scientific, expressed optimism about the growing institutional interest in Bitcoin, noting recent reports that institutional investors now hold over 20% of Bitcoin ETF assets under management.
Semler Scientific first entered the Bitcoin market in late May, when it acquired 581 BTC for $40 million. The company previously highlighted Bitcoin’s value as a “reliable store of value” and a hedge against inflation and economic uncertainty. Semler has also praised Bitcoin’s digital resilience, arguing it offers advantages over gold, which has a market value approximately ten times greater than Bitcoin.
Following this recent acquisition, Semler Scientific has climbed to the 17th position among global public companies holding Bitcoin, surpassing the American Bitcoin mining firm Bit Digital, Inc., according to data from Bitcoin Treasuries.
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