💥💥Semler Scientific currently holds 828 Bitcoins and plans to spend $150 million to buy more Bitcoins💥💥
✅The medical manufacturer currently holds 828 bitcoins and said it will “continue to pursue its strategy of purchasing bitcoin with cash.”
Nasdaq-listed medical manufacturer Semler Scientific, which made headlines last month for adding Bitcoin (BTC) to its vaults, has purchased another $17 million worth of the asset and may raise up to $150 million to purchase more.
✅The company’s latest Bitcoin purchase was disclosed in an S-3 filing with U.S. securities regulators on June 6. After initially purchasing 581 Bitcoins on May 28, the company currently holds 828 Bitcoins, valued at over $58.5 million.
✅Semler didn’t waste much time, either. The company announced it could raise an additional $150 million in debt securities, with a portion of the proceeds going toward buying more Bitcoin.
“We intend to use the net proceeds from the sale of any securities offered under this prospectus primarily for general corporate purposes, including the acquisition of bitcoin,” the company wrote.
✅Semler’s Bitcoin investment strategy has become another priority for the firm in addition to its healthcare business, CEO Doug Murphy-Chutorian said in a statement on June 6.
Bitcoin is now Semester’s primary treasury reserve asset and can serve as a “reasonable inflation hedge and safe haven during times of global instability,” the company said in a filing with the U.S. Securities and Exchange Commission.
“We also believe that Bitcoin’s digital and architectural resilience makes it more desirable than gold, which has a market value far greater than Bitcoin,” Semler said. “Given the value gap between gold and Bitcoin, we believe Bitcoin has the potential to generate outsized returns as its acceptance as ‘digital gold’ continues to grow.
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