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Medical Equipment Company Scientific Simler I declare it Purchased An additional 83 bitcoins for $5 million in cash. This latest purchase brings Semler’s total bitcoin holdings to 1,012 bitcoins acquired for $68 million.
BREAKING: 🇺🇸 Semler Scientific Public Company buys another 83 shares #Bitcoin It is worth $5 million. pic.twitter.com/bQszFQcOF4
— Bitcoin Magazine (@BitcoinMagazine) August 26, 2024
The move comes as Semler adopts a strategy of adding Bitcoin to its balance sheet. in MayThe company invested $40 million to buy 654 BTC in its first major bitcoin buyout. Semler said it views bitcoin as its primary treasury asset.
In JuneSemler announced the acquisition of 247 BTC for $17 million and said it plans to raise up to $150 million through an equity program to boost its bitcoin holdings. Earlier this monthThey purchased an additional 101 bitcoins worth $6 million.
“Semler remains focused on our two strategies of expanding our healthcare business and buying and holding bitcoin,” CEO Doug Murphy-Tchuturian said in June. “We will continue to pursue our strategy of buying bitcoin for cash.”
Semler seems to be following Microstrategy Bitcoin Treasury Guide. Since 2020, MicroStrategy has purchased over 225,000 Bitcoins worth billions of dollars. Its Bitcoin bets have significantly increased the company’s enterprise value.
Other public companies, such as Mara, Metaplanet, and others, have also added bitcoin to their balance sheets. More companies are realizing the potential benefits of holding bitcoin as a reserve asset and hedge against inflation.
