Semler Scientific Adds 101 BTC to Bitcoin Portfolio
Date: 2024-08-07 Author: Oliver Abernathy Categories: BUSINESS
Healthcare company Semler Scientific, known for its marketing technology products for healthcare institutions, has once again demonstrated its commitment to cryptocurrency. In its latest Q2 2024 earnings report, the company announced the acquisition of 101 BTC worth $6 million. This is another step in their Bitcoin accumulation strategy, bringing the firm’s total crypto assets to 929 BTC, equivalent to approximately $63 million.
Management Strategic Statements
Semler Scientific CEO Doug Murphy-Chutorian shared his vision:
"We remain focused on acquiring and holding Bitcoin while maintaining and expanding our healthcare business."
Eric Semler, Chairman of the Board of Directors of the company, reiterated his confidence in the strategic importance of Bitcoin for the company:
"We continue to believe that Bitcoin is an attractive investment."
The company is not going to stop there and plans to continue to replenish its cryptocurrency reserves. Semler Scientific plans to raise $150 million from the sale of securities to invest these funds in Bitcoin. This speaks of the company's long-term strategy in the field of crypto investments and confidence in the prospects of Bitcoin as an asset.
History of Bitcoin Investments
Semler Scientific has repeatedly demonstrated its strategy of increasing Bitcoin assets. In early June 2024, the company acquired 247 BTC for $17 million, which underlines the consistency and focus of their investment policy.
Semler Scientific's investments in Bitcoin demonstrate the growing interest in cryptocurrencies from companies not directly related to the financial sector. This may be a signal to other medical and technology companies about the potential of Bitcoin as a strategic asset.
Semler Scientific continues to invest heavily in Bitcoin, strengthening its position in both the medical industry and the cryptocurrency market. With a current portfolio of 929 BTC, the company confirms its long-term strategy and confidence in the future of cryptocurrencies.
