Semler Scientific Expands Bitcoin Holdings to Enhance Business
- Semler Scientific acquires 247 BTC for $17M, plans to raise $150M for more.
- Following MicroStrategy, Semler sees Bitcoin as inflation hedge and safe haven.
- Company aims to enhance shareholder value by adding Bitcoin to balance sheet.
- Bitcoin's game theory in action as more public firms adopt MicroStrategy's playbook.
- Semler's BTC holdings now total 828, worth nearly $59M at current value.
- Public companies hold 308,689 BTC in total, led by MicroStrategy with 214,400 BTC.
Summary :
Semler Scientific, a medical device manufacturer, has acquired an additional 247 bitcoins for $17 million in cash, bringing its total bitcoin holdings to 828 BTC. The company plans to raise $150 million to further increase its bitcoin reserves. Semler follows the strategy of MicroStrategy, a company that has accumulated over 200,000 bitcoins and has seen its stock price rise significantly. Other firms, such as Metaplanet, have also adopted this strategy, recognizing the potential value of holding bitcoin. Semler believes that adding bitcoin to its balance sheet can greatly enhance its business. As more public companies follow MicroStrategy's playbook, the trend of adding bitcoin to corporate balance sheets is gaining mainstream validation. Semler's recent acquisition of bitcoin reflects its belief in the value of the cryptocurrency.
Sources :
- Bitcoinmagazine
- TheBlock
