American health technology company Semler Scientific has been making significant investments in Bitcoin recently. After announcing the purchase of 581 Bitcoins for $40 million in late May, the company has now acquired an additional 247 Bitcoins for $17 million in cash. This latest purchase brings Semler Scientific’s total Bitcoin reserves to 828 BTC, with a total investment of $57 million.
CEO Doug Murphy-Chutorian emphasized the company’s commitment to Bitcoin as a lucrative investment and a reliable store of value. He stated that Semler Scientific will continue its strategy of purchasing Bitcoin with cash, highlighting the digital and architectural flexibility of Bitcoin over traditional assets like gold. Murphy-Chutorian also made it clear that the company has no intentions of investing in any other cryptocurrency assets besides Bitcoin.
This move by Semler Scientific comes amidst a growing trend of companies diversifying their portfolios by investing in Bitcoin. As the value of Bitcoin continues to rise, more and more companies are recognizing its potential as a valuable asset. With this latest purchase, Semler Scientific is positioning itself as a key player in the cryptocurrency market, joining the ranks of other giants like MicroStrategy.
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