Key Takeaways
- Semler Scientific has acquired 83 Bitcoin for $5 million.
- The company's total Bitcoin holdings now exceed 1,000 BTC.
- Semler Scientific ranks 17th among global public companies with Bitcoin holdings.
Semler Scientific, a medical technology company specializing in chronic disease management, has further increased its Bitcoin portfolio with the purchase of 83 BTC for $5 million.
This brings the company’s total Bitcoin holdings to 1,012 BTC, accumulated at a total cost of $68 million, including fees.
In a press release on August 26, the company confirmed the purchase was funded using cash from operations and an at-the-market equity program.
Chairman Eric Semler highlighted growing institutional interest in Bitcoin, noting that institutions now control over 20% of Bitcoin ETF assets.
The company made its initial Bitcoin investment in May with a $40 million acquisition of 581 BTC, describing Bitcoin as a:
Reliable store of value.
Semler emphasized the asset’s resilience compared to gold, which has a market value ten times higher. With this new purchase, Semler Scientific ranks 17th globally among public companies holding Bitcoin, surpassing Bit Digital, Inc.
