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<div class="intro-text">
 U.S. medical devices manufacturer Semler Scientific, which recently made headlines for adding Bitcoin (BTC) to its treasury, has further increased its holdings with an additional $17 million investment in the cryptocurrency. 
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This new purchase was<a style="color: #0000ff;" href="https://www.sec.gov/Archives/edgar/data/1554859/000110465924069148/tm2416433-1_s3.htm" rel="noopener noreferrer nofollow"> disclosed</a> in an S-3 filing to the U.S. Securities and Exchange Commission on June 6.
Semler now holds a total of 828 Bitcoins, valued at over $58.5 million.&nbsp;
The SEC filing not only disclosed the new Bitcoin investment but also underscored the company’s unwavering confidence in Bitcoin as a treasury reserve asset. It described cryptocurrency as a ‘reasonable inflation hedge and safe haven amid global instability.’
Doug Murphy-Chutorian, Semler’s CEO,<a style="color: #0000ff;" href="https://ir.semlerscientific.com/news-releases/news-release-details/semler-scientificr-announces-additional-bitcoin-purchases" rel="noopener noreferrer nofollow"> highlighted</a> that the Bitcoin investment strategy has become a primary focus for the company alongside its core healthcare business.&nbsp;
Notably, Semler reiterated that it has no plans to invest in other cryptocurrencies.
Semler Scientific previously<a style="color: #0000ff;" href="https://defi-planet.com/2024/05/semler-scientific-adopts-bitcoin-as-primary-treasury-reserve-asset/" rel="noopener noreferrer nofollow"> announced</a> in May 2024 that its company’s board of directors had voted to adopt Bitcoin as its primary reserve asset because of its long-term value and potential growth.&nbsp;
Eric Semler, chairman of the board, pointed out that Bitcoin is an asset class with a market value greater than $1 trillion, which has unique properties as a scarce, finite asset that can be an inflation hedge and safe haven in times of global instability. At the time, the company<a style="color: #0000ff;" href="https://ir.semlerscientific.com/news-releases/news-release-details/semler-scientificr-announces-bitcoin-treasury-strategy" rel="noopener noreferrer nofollow"> acquired 581 Bitcoins for $40 million</a>.
Meanwhile, Semler <a style="color: #0000ff;" href="https://ir.semlerscientific.com/news-releases/news-release-details/semler-scientificr-announces-additional-bitcoin-purchases" rel="noopener noreferrer nofollow">announced</a> new plans to raise to $150 million through the issuance of debt securities, with a portion of the proceeds earmarked for further Bitcoin acquisitions.&nbsp;
The company outlined its intentions in the SEC filing, noting, 
<blockquote>
 “We intend to use the net proceeds from the sale of any securities offered under this prospectus primarily for general corporate purposes, including the acquisition of Bitcoin.”
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Despite the news of the additional Bitcoin purchase, Semler’s stock (SMLR) saw a slight decline, falling 2.5% to $29.13 on June 6,<a style="color: #0000ff;" href="https://g.co/finance/SMLR:NASDAQ" rel="noopener noreferrer nofollow"> according to Google Finance data</a>.
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The post <a href="https://defi-planet.com/2024/06/semler-scientific-boosts-bitcoin-holdings-by-17m-plans-to-raise-150m-to-acquire-more/" rel="noopener noreferrer nofollow">Semler Scientific Boosts Bitcoin Holdings by $17M, Plans to Raise $150M to Acquire More</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

Semler Scientific Boosts Bitcoin Holdings by $17M, Plans to Raise $150M to Acquire More

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