Semler ScientificThe publicly-listed medical technology company announced that it has purchased an additional $6 million worth of Bitcoin, bringing its total holdings to 929 BTC, valued at $63 million.
Latest Updates: 🇺🇸 Publicly listed Semler Scientific purchases an additional 101 shares #Bitcoin For $6 million. pic.twitter.com/VLFwuPwXQV
— Bitcoin Magazine (@BitcoinMagazine) August 5, 2024
Semler is Bitcoin Financial Strategy The company launched Bitcoin in May 2024, following other publicly traded companies such as MicroStrategy. Since then, it has been actively acquiring Bitcoin, calling it an “attractive investment.”
“We firmly believe that bitcoin is an attractive investment and intend to acquire additional bitcoin with cash generated from our operations,” Semler Chairman Eric Semler said.
He added: “The Company intends to acquire additional Bitcoin with cash generated from operations and proceeds from the sale of securities pursuant to the effective $150 million inventory registration statement.”
On May 28, Semler purchased 581 BTC for $40 million, then on June 6, he purchased 247 BTC for $17 million, and on June 28, he purchased another 49 BTC for $3 million. As of August 5, the 929 BTC is worth over $63 million.
Semler is a good imitation MicroStrategy Bitcoin Strategy. Since 2020, MicroStrategy has purchased over 220,000 BTC, worth billions of dollars, making it the largest corporate holder. The investment in Bitcoin has dramatically increased MicroStrategy’s company value.
Other publicly traded companies in the technology and financial services sectors, such as Tesla, Block, and Mercado Bitcoin, have also added Bitcoin to their balance sheets. Over 50 publicly traded companies now have Bitcoin on their books.
Bitcoin’s network effect and game theory are driving enterprise adoption: as more companies purchase Bitcoin as a reserve asset, others will follow suit to avoid being left behind.
