Semler Scientific is focused on expanding its healthcare business and acquiring bitcoin, holding 828 bitcoins as a compelling investment and store of value. It purchased $17 million more and plans to raise $150 million for further acquisitions.
Semler's 828 bitcoins purchased for $57 million are now worth $59 million. Publicly listed companies collectively hold 308,442 BTC worth $21.8 billion on their balance sheets.
Semler's $40 million bitcoin purchase announcement in May led to a 25% increase in the company's stock. However, SMLR closed down by 2.5% after the recent $17 million acquisition.
Semler Scientific is actively pursuing a strategy of buying bitcoins with cash, envisioning them as a reliable store of value amidst other publicly traded companies also holding significant amounts of BTC.
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