Semler Scientific, a U.S. medical technology company that previously spent $40 million (including fees and expenses) to purchase 581 Bitcoins, announced on Thursday that it would invest another $17 million in cash to increase its holdings of 247 Bitcoins.
According to a press release issued by the company, as of June 6, 2024, Semler Scientific held a total of 828 Bitcoins. The acquisition price of these Bitcoins totaled $57 million, including fees and expenses, and the average price of one Bitcoin was The average cost price is approximately US$68,840. Doug Murphy-Chutorian, CEO of Semler Scientific, said:
“Semler remains focused on its two strategies of expanding its healthcare business and acquiring and holding Bitcoin. We will continue to pursue our strategy of purchasing Bitcoin with cash.”
In addition, Semler Scientific said it will raise an additional $150 million through corporate debt and will use part of the funds it plans to raise to purchase more Bitcoin, according to the company's S-3 filing with the U.S. Securities and Exchange Commission. It was also specifically emphasized that the company does not plan to purchase other types of cryptocurrencies. The document reads:
“We believe that it (Bitcoin) has unique characteristics as a scarce and limited asset that can serve as a reasonable inflation hedge and safe haven in the face of global instability.”
This article US medical technology company Semler Scientific increases its holdings of 247 Bitcoins! Plans to continue borrowing to increase positions first appeared on Zombit.
