Another Positive Development for Bitcoin: It Will Invest 150 Million Dollars

Healthcare company Semler Scientific continues to invest in Bitcoin.

Semler Scientific, which develops medical technologies, announced that it purchased 581 Bitcoins as a company strategy at the end of last month.

The company's shares gained 25% after this announcement. The company has a market value of $205 million.

continues to invest

Publicly traded Semler Scientific announced today that it has purchased another $17 million worth of Bitcoin.

The 828 Bitcoins on Semler's balance sheet, which cost $57 million, are now worth $59 million.

“Semler is focused on a strategy to buy and hold Bitcoin while expanding healthcare,” said Semler CEO Doug Murphy-Chutorian.

According to Semler management's statement, the company aims to raise an additional $150 million in capital. This money will be used to purchase more Bitcoin.

They hold billions of dollars worth of Bitcoin

According to Bitcointreasuriesnet data, public companies hold billions of dollars worth of Bitcoin in total among themselves.

The companies on the list, led by MicroStrategy, own a total of 308 thousand 689 Bitcoins. MicroStrategy, which has 214 thousand 400 Bitcoins, is followed by Marathon Digital with 17 thousand 631 BTC, Tesla with 9 thousand 720 BTC, Coinbase with 9 thousand 480 BTC and Hut 8 Mining with 9 thousand 110 BTC.

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