Semler Scientific buys 101 more Bitcoin

Semler Scientific, a healthcare company, has recently implemented a Bitcoin treasury strategy, acquiring an additional 101 Bitcoin (BTC). This brings their total holdings to 929 BTC over a span of just over two months. Since May, Semler Scientific has invested $63 million in Bitcoin as part of their broader plan to integrate the cryptocurrency into their treasury operations, as announced in a recent press release.

• The company intends to continue purchasing Bitcoin using funds from its operations and proceeds from a shelf registration statement.
• CEO Doug Murphy-Chutorian emphasized the company’s commitment to acquiring and holding Bitcoin while expanding its healthcare business.
• Eric Semler, the chairman, expressed excitement about the positive market response and confirmed plans to acquire more Bitcoin using operational cash and funds from a $150 million shelf registration statement.

Semler Scientific began purchasing Bitcoin on May 28, initially acquiring 581 BTC for $40 million. In June, they made additional purchases. The company also reported strong second-quarter operating income of $5.4 million. This strategic shift is inspired by MicroStrategy’s Bitcoin investment strategy, which has significantly improved their financial standing. Semler Scientific’s approach aligns with other companies, like Metaplanet, which view Bitcoin’s volatility as an opportunity for growth and liquidity.