Semler Scientific a developer of 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 its strategy to protect against inflation risks.
This latest acquisition, as stated in a press release on Jun. 7, brings Semler Scientific’s total Bitcoin reserves to 828 BTC, acquired at a total cost of $57 million. CEO Doug Murphy-Chutorian expressed the company’s belief in Bitcoin as a strong investment and a reliable store of value.
Just a week prior to this, Semler Scientific had bought 581 BTC for $40 million, with an average price of around $68,850 per coin. Chairman Eric Semler pointed out Bitcoin’s potential as a scarce asset and a safe hedge against inflation and global uncertainty.
Following this latest purchase, Semler Scientific now ranks 20th among public companies holding Bitcoin on their balance sheets, according to BitcoinTreasuries.NET. The company surpasses Argo Blockchain in Bitcoin holdings but is behind Chinese software firm Meitu, which holds 940.9 BTC.
In related news, Stanford University’s Blyth Fund has also invested in Bitcoin.
