Semler Scientific a medical technology developer 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.
With this latest acquisition, Semler Scientific now holds a total of 828 BTC, which were purchased for a total cost of $57 million. CEO Doug Murphy-Chutorian expressed the company’s belief in Bitcoin as a valuable investment and a reliable store of value.
This purchase comes on the heels of a previous significant transaction where Semler Scientific bought 581 BTC for $40 million, at an average price of around $68,850 per coin. Chairman Eric Semler emphasized the appeal of Bitcoin as a scarce asset that can act as a hedge against inflation and a safe haven during 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. The company surpasses Argo Blockchain, a crypto mining firm that holds 11 BTC, but is behind Chinese software company Meitu, which holds 940.9 BTC.
In other news, Stanford University’s Blyth Fund has also made a purchase of Bitcoin (BTC), further highlighting the growing interest in cryptocurrency investments.
