Semler Scientific, a healthcare technology company based in Santa Clara, has strengthened its commitment to Bitcoin by purchasing an additional 83 BTC for $5 million. This acquisition increases the company’s total Bitcoin holdings to 1,012 BTC, valued at $68 million, including fees and expenses.
In a press release dated August 26, Semler Scientific disclosed that the recent purchase was funded primarily through cash from operations, supplemented by funds raised through its at-the-market equity program. This move underscores the company’s continued belief in Bitcoin as a strategic asset.
Eric Semler, chairman of Semler Scientific, highlighted the growing institutional adoption of Bitcoin, noting that institutions now own over 20% of Bitcoin ETF assets under management. This trend has encouraged the company to further invest in the cryptocurrency.
Semler Scientific’s initial investment in Bitcoin began in late May with the acquisition of 581 BTC for $40 million. At that time, the company cited Bitcoin’s scarcity and its potential as a hedge against inflation and global economic instability. The company also compared Bitcoin favorably to gold, emphasizing Bitcoin’s digital resilience and its potential to serve as a reliable store of value.
With its latest purchase, Semler Scientific now ranks 17th among public companies globally in terms of Bitcoin holdings, surpassing American Bitcoin mining company Bit Digital, Inc., according to data from Bitcoin Treasuries.
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