Semler Scientific, a public medical know-how firm, introduced it had bought a further $6 million price of Bitcoin. This newest buy brings its complete Bitcoin holdings to 929 BTC, price $63 million.
JUST IN: 🇺🇸 Public Firm Semler Scientific purchases further 101 #Bitcoin for $6 million. pic.twitter.com/VLFwuPwXQV
— Bitcoin Journal (@BitcoinMagazine) August 5, 2024
Semler adopted a Bitcoin treasury technique in Might 2024, following different public corporations like MicroStrategy. Since then, it has aggressively acquired Bitcoin, citing it as a “compelling funding.”
“We proceed to firmly consider that Bitcoin is a compelling funding and plan to accumulate further Bitcoins with our money from operations,” mentioned Semler chairman Eric Semler.
He added, “We plan on buying further bitcoins with our money from operations, in addition to with money generated from the sale of securities beneath our $150.0 million shelf registration assertion, as soon as efficient.”
On Might 28, Semler purchased 581 BTC for $40 million. It adopted up with 247 BTC for $17 million on June 6 and one other 49 BTC for $3 million on June 28. As of August 5, its 929 BTC are price over $63 million.
Semler is intently mimicking MicroStrategy’s Bitcoin technique. Since 2020, MicroStrategy has bought over 220,000 BTC price billions, making it the most important company holder. Its Bitcoin guess has elevated MicroStrategy’s enterprise worth dramatically.
Different public corporations in tech and monetary providers, similar to Tesla, Block, and Mercado Bitcoin, have additionally added Bitcoin to their steadiness sheets. Over 50 public corporations maintain Bitcoin on their books.
Bitcoin’s community results and recreation idea are driving this company adoption. As extra corporations purchase Bitcoin as a reserve asset, it propels different corporations to observe swimsuit to keep away from lacking out.
