Happycoin.club - Employees of the American medical software manufacturer Semler Scientific purchased bitcoins worth $17 million and plan to buy several hundred more coins.

According to a company report filed June 6, the firm bought 247 bitcoins, paying $17 million for them. Taking into account previous transactions, the organization spent $57 million on 828 coins and earned an unrealized profit of 3.5% on investments in cryptocurrency.

Based on the amount of bitcoin held on its balance sheet, Semler Scientific ranks 20th among public companies by BTC holdings. Of course, the top spot is held by tech firm MicroStrategy.

Top 20 Companies by Bitcoin Holdings

Semler Scientific management plans to issue and sell shares worth up to $150 million. Some or all of the funding raised may be spent on bitcoins to increase the cryptocurrency's share of the institution's capitalization, which currently stands at 28.7%.

Bitcoin, Semler's primary reserve asset, provides a hedge against inflation risks and global economic instability. We also believe that Bitcoin's digital and architectural resilience makes it more attractive than gold, which significantly outperforms BTC in market capitalization.

Given the difference between the value of Bitcoin and gold in circulation, we believe that investing in BTC will yield higher returns, Semler Scientific employees said.