Semler Scientific a US medical technology company increases its holdings to 247 bitcoins Plans to continue leveraging to buy more

Prior to this, Semler Scientific, a US medical technology company that spent $40 million (including fees and expenses) to purchase 581 bitcoins, announced on Thursday that it would further increase its cash position by $17 million to acquire an additional 247 bitcoins.

According to a press release issued by the company, as of June 6, 2024, Semler Scientific holds a total of 828 bitcoins, with the total acquisition cost of these bitcoins amounting to $57 million, including fees and expenses. The average cost of one bitcoin is approximately $68,840. Doug Murphy-Chutorian, CEO of Semler Scientific, stated:

Furthermore, according to an S-3 filing submitted to the US Securities and Exchange Commission by the company, Semler Scientific indicated that it plans to raise an additional $150 million through corporate debt, with a portion of the funds raised to be used to purchase more bitcoins. The filing specifically emphasized that the company does not intend to purchase any other types of cryptocurrencies. The document stated: