The US Giant Company Listed on Nasdaq Announced That It Purchased a Large Amount of Bitcoin!

American health technology company Semler Scientific announced that it purchased 581 #Bitcoins for a total of $40 million. According to Prnewswire, the company also stated that it started accepting Bitcoin as a reserve asset.

Eric Semler, president of Semler Scientific, said in a statement:

“Our adoption of #Bitcoin as a reserve asset and our purchase of #BTC underscores our belief that Bitcoin is a reliable store of value and an attractive investment.

Bitcoin is now a major asset class with a market capitalization of more than $1 trillion. We believe it has unique properties as a scarce and finite asset that can serve as a reasonable inflation hedge and safe haven amid global instability.

In addition, features such as digital and architectural durability make #Bitcoin preferable to gold, which has a market value of approximately 10 times.

Given the difference in value between gold and Bitcoin, we believe #Bitcoin has the potential to generate huge returns as it becomes increasingly accepted as digital gold.

We are also empowered by the growing global acceptance and 'institutionalisation' of Bitcoin; This is reflected in the latest SEC approval of 11 Bitcoin exchange-traded funds in January 2024.”
$BTC