Semler Scientific, a US medical technology company that previously spent $40 million (including fees and expenses) to purchase 581 bitcoins, announced on Thursday that it is increasing its cash holdings by an additional $17 million to acquire 247 more bitcoins.
According to a press release from the company, as of June 6, 2024, Semler Scientific now holds a total of 828 bitcoins, acquired at a total cost of $57 million, including fees and expenses. The average cost per bitcoin comes to around $68,840. CEO Doug Murphy-Chutorian stated:
Furthermore, according to the S-3 filing submitted to the US Securities and Exchange Commission, Semler Scientific plans to raise an additional $150 million through corporate bonds, with some of the funds raised being used to purchase more bitcoins. The filing specifically emphasizes that the company has no intention of buying any other type of cryptocurrency. The document reads:
