Markets
Medical device maker Semler Scientific buys another $17 million worth of Bitcoin, plans $150 million supply for future purchase
Publicly traded Semler Scientific (SMLR), a healthcare company that has expanded its corporate strategy to also include the purchase of bitcoin. (BTC), said it’s buying another $17 million worth of digital currency and preparing to raise $150 million so it can buy even more.
“Semler remains focused on our two strategies of growing our healthcare business and acquiring and holding Bitcoin,” said Doug Murphy-Chutorian, MD, CEO of Semler Scientific, in a statement. “The company now holds 828 bitcoins, supporting our view that bitcoin is an attractive investment and can serve as a reliable store of value. We will continue to pursue our strategy of purchasing bitcoins for cash.”
Semler’s 828 bitcoins were acquired for $57 million and are now worth $59 million, according to current market data from CoinDesk Indices.
Collectively, publicly traded companies hold 308,442 BTC worth approximately $21.8 billion on their balance sheets, according to bitcointreasuries.net.
SMLR closed the day down 2.5% in the United States.