Key Takeaways
- Medical device company Semler Scientific announced it purchased an additional 83 bitcoin for $5M in cash.
- This latest buy expands Semler's total bitcoin holdings to 1,012 bitcoin acquired for $68M.
- Semler views bitcoin as its primary treasury asset.
Semler Scientific's Bitcoin Purchases
Medical device maker Semler Scientific purchased an additional 83 bitcoin for $5M in cash. This acquisition brings Semler's total bitcoin holdings to 1,012 bitcoin, which it has acquired for a total of $68M. Semler's strategy involves using its cash reserves to purchase bitcoin as a primary treasury asset. In May, the company made its first significant Bitcoin investment, acquiring 654 bitcoin for $40M.
Recent Acquisitions and Future Plans
In June, Semler announced another purchase of 247 bitcoin for $17M and indicated plans to raise up to $150M to increase its bitcoin holdings. Earlier this month, Semler added 101 bitcoin to its treasury at the cost of $6M. CEO Doug Murphy-Chutorian emphasized the company’s commitment to expanding its healthcare business while acquiring and holding bitcoin.
Trends Among Corporations Holding Bitcoin
Semler's approach resembles that of MicroStrategy, which has bought over 225,000 bitcoin since 2020, significantly enhancing its enterprise value. Other public companies, such as MARA and Metaplanet, are also incorporating Bitcoin into their balance sheets.
