Bitcoin
Medical device maker Semler Scientific buys $17 million more in Bitcoin, plans $150 million offering for future purchases
Publicly traded Semler Scientific (SMLR), a healthcare company that has expanded its corporate strategy to also include the purchase of bitcoin (BTC), he said is buying another $17 million in digital currency and preparing to raise $150 million to be able to buy even more.
“Semler remains focused on our twin strategies of expanding our healthcare business and acquiring and holding bitcoin,” said Doug Murphy-Chutorian, MD, chief executive officer of Semler Scientific, in a statement. “The company now holds 828 bitcoins, underscoring 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 with cash.”
Semler’s 828 bitcoins were purchased 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 US trading.