Future

Bitcoin

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Semler Scientific has purchased 247 bitcoins, planning a $150 million fundraise for more.</li>
 <li>The healthcare tech firm currently holds 828 bitcoins, valued at approximately $59 million.</li>
</ul>
<p>Semler Scientific, a healthcare technology company listed on Nasdaq, recently bought 247 bitcoins. The purchase, which cost $17 million, is part of a larger strategy to expand the firm’s bitcoin holdings.</p>
<h2 id="bitcoin-acquisition-and-fundraising-plans">Bitcoin Acquisition and Fundraising Plans</h2>
<p>The company’s total bitcoin stash now stands at 828 coins, initially acquired for an aggregate of $57 million. With the current value of <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">bitcoin</a>, Semler’s portfolio is worth nearly $59 million.</p>
<p>CEO Doug Murphy-Chutorian stated that the firm’s dual focus remains on growing its healthcare business and acquiring and holding bitcoin. Semler Scientific plans to continue buying bitcoins using cash.</p>
<h2 id="future-investment-strategy">Future Investment Strategy</h2>
<p>In an S-3 filing with the U.S. Securities and Exchange Commission, Semler Scientific outlined plans to raise an additional $150 million through debt securities. The firm intends to use a portion of these funds to buy more bitcoin.</p>
<p>The filing highlighted the company’s belief in bitcoin’s unique attributes as a finite asset that could serve as a hedge against inflation and a safe haven amid global instability. The company, however, does not plan to invest in other types of cryptocurrencies.</p>
<p>The volatility of bitcoin was also acknowledged in the filing, with the company noting that future price fluctuations could lead to a decrease in the value of their bitcoin holdings.</p>
<p>Semler Scientific’s stock closed down 2.48% on Thursday, with a further 1.17% drop in after-hours trading.</p>
<p>According to data from BitcoinTreasuries.net, public companies globally hold a total of 308,689 bitcoins, with Microstrategy, Inc. leading the pack with 214,400 bitcoins.</p>

Semler Scientific Secures 247 Bitcoins, Pledges $150M for Further Crypto Investments

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