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 the company’s press release, as of June 6, 2024, Semler Scientific holds a total of 828 bitcoins, with a total acquisition cost of $57 million, including fees and expenses. The average cost per bitcoin is approximately $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 debt, with a portion of the funds raised to be used for purchasing more bitcoins. The filing specifically emphasizes that the company has no intention of purchasing other types of cryptocurrencies. The document states:
