Semler Scientific: New $17 Million Bitcoin Investment
Date: 2024-06-07 Author: Henry Casey Categories: BUSINESS
Semler Scientific, a well-known healthcare company, has once again made a significant move into the world of cryptocurrencies by announcing the acquisition of $17 million worth of Bitcoin.
In its latest acquisition, Semler Scientific bought 247 Bitcoin for $17 million. This is not the company's first investment in cryptocurrency, which underscores its confidence in Bitcoin as a promising investment.
To date, Semler Scientific has 828 bitcoins on its balance sheet, with a total value of $57 million. This confirms the company’s strategy to accumulate cryptocurrency.
Bitcoin as an Attractive Investment
Semler Scientific sees Bitcoin not only as an investment instrument, but also as a reliable store of value. “We continue to maintain our strategy of buying Bitcoin with cash,” the company said in a press release.
The company emphasizes that it is focused on two main strategies: expanding its healthcare business and acquiring bitcoin. Semler Scientific develops marketing technology products for healthcare organizations aimed at combating chronic diseases.
Famous entrepreneur and author of the book “Rich Dad Poor Dad” Robert Kiyosaki previously stated that by August 25, 2024, the price of Bitcoin could reach $350,000. At the time of writing, Bitcoin is trading above $71,000.
Previous Purchases
At the end of May 2024, Semler Scientific was already increasing its cryptocurrency portfolio by acquiring 581 bitcoins. This shows the company's consistency in its investment strategy.
Semler Scientific's investment in Bitcoin underscores growing interest and confidence in the cryptocurrency as a long-term asset. The company continues to expand its investments, which could have an impact on other healthcare firms and investors.
