With the additional purchase of 247 bitcoins, Semler’s portfolio of 828 BTC is worth nearly $59 million at its current market value.
Nasdaq-traded healthcare tech firm Semler Scientific announced Thursday that it purchased 247 bitcoins for $17 million worth of cash. It plans to raise funds worth $150 million to further increase its bitcoin holdings.
"Semler remains focused on our two strategies of expanding our healthcare business and acquiring and holding bitcoin," said Semler Scientific CEO Doug Murphy-Chutorian. “We will continue to pursue our strategy of purchasing bitcoins with cash." “We believe it has unique characteristics as a scarce and finite asset that can serve as a reasonable inflation hedge and safe haven amid global instability,” said the filing — which further said that the company does not plan to purchase other types of cryptocurrencies.
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