Semler Scientific plans to buy another $150 million in Bitcoin.

Semler Scientific a medical product manufacturer listed on Nasdaq , came to the fore when it added #Bitcoin (BTC) to its treasury last month. Now it has purchased another $17 million worth of #Bitcoin and may raise funds to buy another $150 million.

On June 6, the company disclosed its latest Bitcoin purchase in an S-3 filing with U.S. securities authorities. While he first purchased only 581 Bitcoins on May 28, he now owns 828 Bitcoins and these #Bitcoins are worth more than $58.5 million.

“We think Bitcoin is a valuable investment and a consistent store of value. “We will continue to follow our plan to purchase Bitcoin with cash.”

Semler doesn't waste any time. The company stated that it may raise another $150 million worth of debt securities and that some of this funding will be used to purchase more Bitcoin. Company:

“We intend to use the net proceeds from the sale of any securities offered under this prospectus primarily for general corporate purposes, including the purchase of Bitcoin.”

On June 6, company #CEO Doug Murphy-Chutorian said in a statement that Semler's Bitcoin investment strategy has become the company's second main focus, alongside its healthcare operations.

Bitcoin, which has become Semler's main treasury reserve asset, was described by the company in the SEC statement as "a reasonable inflation hedge and safe haven in an environment of global instability" and Semler added:

“We also think its digital and architectural resilience is better than gold, whose market capitalization far exceeds Bitcoin. "Given the difference in value between gold and Bitcoin, we believe Bitcoin has the potential for huge returns with increasing acceptance as 'digital gold'."

“We have no plans to purchase other cryptocurrency assets other than Bitcoin,” the company said. he repeated.

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