Nasdaq-listed medical technology company Semler Scientific announced on Thursday that it purchased 247 bitcoins for $17 million in cash. The company plans to raise $150 million to further increase its bitcoin holdings.

According to the company's press release, they have amassed a total of 828 BTC, purchased for a total of $57 million. At bitcoin's current value, Semler's BTC portfolio is worth nearly $59 million.

“Semler remains focused on our two strategies of expanding our healthcare business and buying and holding bitcoin,” said Semler Scientific CEO Doug Murphy-Chutorian. “We will continue to pursue our strategy of buying bitcoin with cash.”

According to the company's S-3 filing with the U.S. Securities and Exchange Commission, Semler Scientific said it will raise an additional $150 million in debt securities. The company noted that it will use part of the funds raised to buy more bitcoin.

“We believe it has unique characteristics as a scarce and finite asset that can serve as a reasonable inflation hedge and safe haven amid global uncertainty,” the filing said — adding that the company has no plans to buy other cryptocurrencies.

Meanwhile, the company acknowledged in the filing that bitcoin has been and will continue to be highly volatile. “Future fluctuations in bitcoin trading prices may cause us to convert bitcoin purchased with the proceeds from this offering into cash at a value significantly less than the proceeds from the offering. this offering,” the statement said.

Semler Scientific closed Thursday's trading session down 2.48%, falling another 1.17% in after-hours trading, according to Yahoo Finance data.

According to BitcoinTreasuries.net, public companies worldwide hold a total of 308,689 BTC, led by Microstrategy, Inc., which owns 214,400 BTC.

Source: https://tapchibitcoin.io/cong-ty-cong-nghe-y-te-semler-scientific-mua-247-btc-cong-bo-huy-dong-150-million-de-mua-them. html