Semler Scientific Buys $17 Million to Raise Bitcoin Holdings to 828 BTC

Semler Scientific now holds 828 BTC, valued at over $58.5 million.
Semler plans to raise $150M for further Bitcoin purchases.
Semler views Bitcoin as a reliable store of value.

Semler Scientific, a medical firm on the Nasdaq, has increased its Bitcoin (BTC) holdings. The corporation revealed on June 6 that it had purchased an additional $17 million worth of Bitcoin in an S-3 statement to the US Securities and Exchange Commission. With this acquisition, Semler now holds 828 Bitcoin, worth more than $58.5 million. The action comes after the business first committed to incorporating Bitcoin into its financial plan on May 28 by purchasing 581 BTC.

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Semler Scientific recently released a report outlining its strategy for raising up to $150 million through loan instruments. The company plans to purchase additional Bitcoin with a portion of the money it generates through this fundraising campaign. It stated, “We intend to use the net proceeds from the sale of any securities offered under this prospectus primarily for general corporate purposes, including the acquisition of Bitcoin.”

Scientific appear to believe in Bitcoin’s long-term potential as a store of value based on its previous activities. The company’s remark in the S-3 filing underscored the viewpoint, which noted that Bitcoin can function as a trustworthy store of value.

Semler Scientific is making strides in bridging traditional banking with digital assets through its aggressive Bitcoin acquisitions and plans to raise substantial funds for further investments.

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