-
Semler
Scientific
is
continuing
to
add
bitcoin
to
its
treasury
with
a
$17
million
purchase
and
an
announcement
that
it’s
raising
$150
million
so
it
can
buy
more. -
Its
May
announcement
of
a
$40
million
bitcoin
purchase
drove
the
company’s
stock
up
25%.
Publicly
traded
Semler
Scientific
(SMLR),
a
healthcare
business
that
broadened
its
corporate
strategy
to
also
include
buying
bitcoin
(BTC),
said
it’s
buying
$17
million
more
of
the
digital
currency
and
preparing
to
raise
$150
million
so
it
can
purchase
even
more.
“Semler
remains
focused
on
our
two
strategies
of
expanding
our
healthcare
business
and
acquiring
and
holding
bitcoin,”
said
Doug
Murphy-Chutorian,
MD,
Semler
Scientific’s
chief
executive
officer,
in
a
release.
“The
company
now
holds
828
bitcoins,
underscoring
our
view
that
bitcoin
is
a
compelling
investment
and
can
serve
as
a
reliable
store
of
value.
We
will
continue
to
pursue
our
strategy
of
purchasing
bitcoins
with
cash.”
Semler’s
828
bitcoin
were
acquired
for
$57
million
and
are
now
worth
$59
million,
according
to
current
market
data
from
CoinDesk
Indices.
Collectively,
publicly
listed
companies
hold
308,442
BTC
worth
approximately
$21.8
billion
on
their
balance
sheets,
according
to
bitcointreasuries.net.
Semler’s
announcement
in
late
May
that
it
was
purchasing
$40
million
in
bitcoin
sent
its
stock
up
25%.
SMLR
closed
the
day
down
2.5%
in
U.S.
trading.
