American health technology company Semler Scientific continues its investments in Bitcoin.
The company, which announced that it purchased 581 Bitcoins for a total of 40 million dollars at the end of May, made a new BTC purchase today.
Semler Scientific announced that it purchased another 247 BTC for $17 million in cash.
With this latest purchase, the company's total Bitcoin reserve reached 828 BTC, while the total cost was 57 million dollars.
Semler Scientific CEO Doug Murphy-Chutorian emphasized the company's commitment to Bitcoin, saying:
“We will continue to pursue our strategy of purchasing Bitcoin with cash. “We also believe that its digital and architectural flexibility makes Bitcoin preferable to gold, which has a market cap of approximately 10 times BTC.”
The company also reiterated that it has no plans to purchase other cryptocurrency assets other than Bitcoin.
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