Semler Scientific, a medical technology company that recently adopted a Bitcoin treasury strategy, has purchased another 101 BTC, bringing its total holdings to 929 BTC in just over two months.
Since May of this year, Semler Scientific has spent $63 million on Bitcoin as part of the company's broader strategy to integrate Bitcoin into its treasury operations, the company shared on Monday.
The company said it plans to continue purchasing Bitcoin using cash from operations and proceeds from the registration statement.
Doug Murphy-Chutorian, MD, chief executive officer of Semler Scientific, said:
“We remain focused on buying and holding Bitcoin, while supporting and expanding our healthcare business.”
Eric Semler, president of Semler Scientific, expressed enthusiasm about the positive market reaction to Semler Scientific's decision to invest in Bitcoin.
“We continue to believe strongly that Bitcoin is an attractive investment and plan to purchase additional BTC using cash from our operations, as well as cash generated from the sale of securities under our $150 million registration statement, once effective.”
Semler Scientific began its Bitcoin purchases on May 28, purchasing 581 BTC for a total of $40 million. In June, the company made two Bitcoin investments on June 6 and June 28.
In addition to the new Bitcoin purchase, Semler Scientific reported strong operating income of $5.4 million in the second quarter.
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