- Semler Scientific is continuing to add bitcoin to its treasury with a $17 million purchase and an announcement that it’s raising $150 million so it can buy more.
- Its May announcement of a $40 million bitcoin purchase drove the company’s stock up 25%.
Doug Murphy-Chutorian, Semler Scientific’s CEO, stated in a press release that the company remains committed to its two primary objectives: growing its healthcare business and amassing bitcoin. Semler currently owns 828 bitcoins, emphasizing their belief in the cryptocurrency’s potential as an investment and valuable asset. The organization will persistently implement its strategy of acquiring more bitcoins using cash.
According to CoinDesk Indices, the value of Semler’s Bitcoin holdings, which originally cost $57 million, has increased to approximately $59 million as of now.
Approximately $21.8 billion worth of Bitcoin, which is equal to 308,442 coins, is collectively held by publicly traded companies in their balances as per the data from bitcointreasuries.net.
In late May, Semler announced its plan to invest $40 million in Bitcoin. This news significantly boosted the company’s stock price by approximately 25%.
SMLR closed the day down 2.5% in U.S. trading.
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2024-06-07 01:41