Semler Scientific Invests Further In Bitcoin, Plans To Raise $150 Million For More Purchases

According to CoinDesk, Semler Scientific, a publicly traded healthcare company, has announced its continued investment in Bitcoin with a recent purchase of $17 million. The company also revealed plans to raise $150 million for additional Bitcoin acquisitions. This follows their May announcement of a $40 million Bitcoin purchase, which resulted in a 25% increase in the company's stock. Semler Scientific, also known as SMLR, has expanded its corporate strategy to include Bitcoin acquisitions. 'Semler remains focused on our two strategies of expanding our healthcare business and acquiring and holding bitcoin,' stated Doug Murphy-Chutorian, MD, Semler Scientific's chief executive officer. He further emphasized the company's belief in Bitcoin as a compelling investment and a reliable store of value. The company currently holds 828 bitcoins, which were acquired for $57 million and are now worth $59 million, based on current market data. Publicly listed companies collectively hold 308,442 BTC, approximately worth $21.8 billion, on their balance sheets. Semler's announcement in late May about its $40 million Bitcoin purchase led to a 25% surge in its stock. However, SMLR's stock closed the day down by 2.5% in U.S. trading.