Semler Scientific a developer in medical technology invests an extra 17 million in Bitcoin
Semler Scientific, a healthcare technology developer based in Santa Clara, has recently made a significant investment in Bitcoin. The company has purchased an additional 247 BTC for $17 million in cash as part of their strategy to protect against inflation risks.
This latest acquisition, as announced in a press release on Jun. 7, brings Semler Scientific’s total Bitcoin reserves to 828 BTC, which were acquired at a total cost of $57 million. CEO Doug Murphy-Chutorian expressed the company’s confidence in Bitcoin as an attractive investment and a reliable store of value.
In a previous transaction just a week before, Semler Scientific acquired 581 BTC for $40 million, with an average price of around $68,850 per coin. Chairman Eric Semler emphasized the importance of Bitcoin as a limited asset that serves as a hedge against inflation and a safe haven in times of global uncertainty.
Following this latest purchase, Semler Scientific now ranks 20th among public companies that hold Bitcoin on their balance sheets, according to BitcoinTreasuries.NET. While the company surpasses Argo Blockchain in terms of BTC holdings, it falls behind Chinese software company Meitu, which currently holds 940.9 BTC.
In other news, Stanford University’s Blyth Fund has also made a recent purchase of Bitcoin (BTC).
