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A medical equipment manufacturer that was listed on the Nasdaq, Semler Scientific, bought $17 million worth of bitcoin, as disclosed in an S-3 filing with the SEC. 
This move follows their initial purchase of 581 Bitcoin on May 28, bringing their total Bitcoin holdings to 828, valued at over $58.5 million. This information was revealed in an <a href="https://www.sec.gov/Archives/edgar/data/1554859/000110465924069148/tm2416433-1_s3.htm" target="_blank" rel="noreferrer noopener nofollow">S-3 filing</a> to the U.S. securities regulator on June 6. 
Doug Murphy-Chutorian, the firm’s CEO, focused on their understanding of the value proposition of Bitcoin and the asset’s ability to become an engaging and valuable investment option.&nbsp; 
Doug <a href="https://www.prnewswire.com/news-releases/semler-scientific-announces-additional-bitcoin-purchases-302166611.html" target="_blank" rel="noreferrer noopener nofollow">said</a>, “The company now holds 828 bitcoins, underscoring our view that bitcoin is a compelling investment and can serve as a reliable store of value. We will continue to pursue our strategy of purchasing bitcoins with cash.” 
This further reiterates Semler’s concentration on Bitcoin as its primary treasury asset besides its central healthcare operations. For instance, in a recent SEC filing, the company referred to it as a reasonable inflation hedge and haven investment amid global uncertainty. 
Semler’s investment strategy is therefore not similar to its approach to other cryptocurrencies since the firm has clearly stated that it has no interest in any other asset, apart from Bitcoin.&nbsp; 
Nevertheless, Semler’s shares increased by 30% after it purchased Bitcoin on May 28 and, at the same time, declined by 2.5% to $29.13 as of June 6 from the <a href="https://www.google.com/finance/quote/SMLR:NASDAQ?sa=X&amp;sqi=2&amp;ved=2ahUKEwisg9-x9MiGAxU34jgGHWE7BWYQ3ecFegQILhAf" target="_blank" rel="noreferrer noopener nofollow">Google finance</a> data set. 
Another player that has been charting the same course is the Japanese investment company Metaplanet. Metaplanet also recognizes Bitcoin as a worthy asset, has been staking it slowly, and has 117.7 bitcoins, or $8.3 million, expressed at current prices. 
Semler Scientific’s CEO, Doug Murphy-Chutorian, believes in Bitcoin’s value proposition and sees it as a compelling and valuable investment option, driving their strategy to acquire more through debt securities. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/06/06/standard-chartered-sees-btc-at-150k-with-trump-reelection/" target="_blank" rel="noreferrer noopener">Standard Chartered Sees Bitcoin at $150K with Trump Reelection</a> 
</blockquote>

Semler Scientific Acquires $17M Bitcoin & Now Holds 828 BTC

The Crypto Times

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