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Semler Scientific continues to add bitcoin to its coffers with a $17 million purchase and an announcement that it is raising $150 million so it can buy more.
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The May announcement of a $40 million bitcoin purchase sent the company’s shares soaring 25%.
Publicly traded Semler Scientific (SMLR), a healthcare company that has expanded its business strategy to include buying bitcoin {{BTC}}, said it will buy an additional $17 million of the digital currency and is preparing to raise $150 million to it can buy even more.
“Semler remains focused on our two strategies: expanding our healthcare business and acquiring and holding bitcoin,” said Doug Murphy-Chutorian, MD, CEO of Semler Scientific, in a press release. “The company now owns 828 bitcoins, which underlines our view that bitcoin is an attractive investment and can serve as a reliable store of value. We will continue to pursue our strategy of buying bitcoins with cash.”
Semler’s 828 bitcoin was purchased for $57 million and is now worth $59 million, according to current market data from CoinDesk Indices.
According to bitcointreasuries.net, listed companies collectively have 308,442 BTC worth approximately $21.8 billion on their balance sheets.
Semler’s announcement in late May that it would buy $40 million worth of bitcoin sent its stock soaring 25%.
SMLR ended the day with a loss of 2.5% in US trading.
