Semler Scientific Makes Bold Move, Purchases $6 Million Worth of Bitcoin
Semler Scientific, a public medical technology company, has made a significant investment in Bitcoin, purchasing an additional $6 million worth of the cryptocurrency. This latest acquisition brings Semler’s total Bitcoin holdings to 929 BTC, valued at $63 million.
The company adopted a Bitcoin treasury strategy back in May 2024, following in the footsteps of other public companies like MicroStrategy. Since then, Semler has been aggressively acquiring Bitcoin, citing it as a “compelling investment.”
“We continue to firmly believe that Bitcoin is a compelling investment and plan to acquire additional Bitcoins with our cash from operations,” said Semler chairman Eric Semler.
Semler’s recent purchases include 581 BTC for $40 million on May 28, 247 BTC for $17 million on June 6, and 49 BTC for $3 million on June 28. With its current holdings now over $63 million, Semler’s Bitcoin strategy is proving to be a lucrative one.
The company’s approach mirrors that of MicroStrategy, which has become the largest corporate holder of Bitcoin since 2020, with over 220,000 BTC worth billions. Other public companies in the tech and financial services sectors, such as Tesla, Block, and Mercado Bitcoin, have also added Bitcoin to their balance sheets.
The trend of public companies investing in Bitcoin as a reserve asset is driven by the cryptocurrency’s network effects and game theory. As more firms join the ranks of Bitcoin holders, it creates a domino effect, compelling others to follow suit to avoid missing out on potential gains.
Semler’s latest move to purchase $6 million worth of Bitcoin further solidifies its commitment to the cryptocurrency and underscores the growing trend of corporate adoption in the digital asset space.
