Semler Scientific Inc., a company listed on Nasdaq under the symbol SMLR, specializing in cutting-edge medical technology to combat chronic illnesses, has recently bolstered its cryptocurrency portfolio by acquiring an additional 247 bitcoins for $17 million, including all associated fees and expenses. This latest purchase brings the total number of bitcoins owned by the company to 828, acquired at a total cost of $57 million as of June 6.
CEO Doug Murphy-Chutorian emphasized the company’s dual focus on advancing healthcare technology and exploring opportunities in the cryptocurrency market. He sees bitcoin not only as a lucrative investment but also as a reliable financial asset. Semler Scientific plans to continue its strategy of acquiring bitcoins using its available cash reserves.
In a significant move on May 28, the company announced that it had designated bitcoin as its primary asset in its treasury reserves and purchased an additional 581 bitcoins for $40 million. This decision reflects Semler Scientific’s confidence in the long-term potential of bitcoin as a store of value.
