American health technology company Semler Scientific has once again made headlines with its recent Bitcoin investment. After announcing the purchase of 581 Bitcoins for $40 million in late May, the company has now revealed an additional acquisition of 247 Bitcoins for $17 million in cash.
This latest move 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 valuable investment and a secure store of value, stating that they will continue their strategy of purchasing Bitcoin with cash.
In comparison to traditional assets like gold, Murphy-Chutorian highlighted Bitcoin’s digital and architectural flexibility, noting that Bitcoin’s market cap surpasses that of gold by approximately 10 times. The company also clarified that they have no intentions of investing in any cryptocurrency assets other than Bitcoin.
As Semler Scientific continues to expand its Bitcoin portfolio, the company’s confidence in the cryptocurrency market remains strong. Investors can stay updated on the latest news and analytics by following their Telegram and Twitter accounts.
Please note that this information is not intended as investment advice. To explore a wide range of cryptocurrencies, consider registering with Binance exchange using this link for a 20% commission discount.