- Semler Scientific now holds a total of 828 Bitcoins. The company plans to raise $150 million for further purchases
- Semler is in line with MicroStrategy’s of adding Bitcoin to its portfolio
Semler Scientific, a Nasdaq-listed medical products manufacturer, has bought 828 Bitcoins and plans to continue buying more.
Semler Scientific Is in Line With the Bitcoin Accumulation Trend
It now has a total of 828 Bitcoins after buying 247 more coins worth $17M.
The company filed an S-3 form with the SEC outlining its intention to use debt securities to raise another 150 million to expand its Bitcoin reserves.
All of this is in line with the trend of risk diversification and inflation protection that MicroStrategy is promoting.
CEO Doug Murphy-Chutorian said “Semler remains focused on our two strategies of expanding our healthcare business and acquiring and holding Bitcoin. We will continue to pursue our strategy of purchasing Bitcoins with cash.”
Conclusions
More and more companies are finding MicroStrategy’s vision promising as they seek to protect companies’ assets from inflation and preserve their value in the face of global volatility. Logically, big businesses don’t want to simply watch their reserves rapidly depreciate without being able to influence them.
If MicroStrategy’s vision pays off, companies that have already started following it will be very grateful for this move.
