In a press release, medical technology company Semler Scientific revealed that they had spent $40 million for 581 BTC.
A "primary Treasury reserve asset" since it is "a reliable store of value and an attractive investment," the company claims of digital gold.
The market value of Bitcoin has surpassed $1 trillion, making it a significant asset class. The company's chairman of the board, Eric Semler, expressed his belief that the asset possesses the qualities of a rare and limited edition that can be a reliable hedge against inflation and a refuge during periods of global instability.