The healthcare-focused technology firm Semler Scientific has announced a significant increase in its Bitcoin holdings. The firm has purchased 83 new bitcoins worth approximately $5 million, indicating its growing confidence in the leading cryptocurrency.
Semler Scientific Announces Bitcoin Purchase
According to a new announcement, Semler Scientific has acquired additional bitcoins, raising the firm's total cryptocurrency holding to over 1K BTC. This purchase underscores the company's confidence in Bitcoin's future and the growing institutional interest in the cryptocurrency.
Purchase Details
In a recently published press release, the Nasdaq-listed tech firm announced the purchase of another 83 BTC worth about $5 million. These acquisitions were primarily funded from cash generated by operations and proceeds from the firm's at-the-market equity program.
Expanding Bitcoin Portfolio
With the latest purchase, the company’s total BTC reserves reached 1,012 coins, acquired at a total of $68 million. This highlights Semler Scientific's strategic interest in cryptocurrencies and their growing integration into the company's financial infrastructure.
Semler Scientific's purchase of 83 new bitcoins underscores not only their confidence in the future of the cryptocurrency but also the growing interest of institutional investors in Bitcoin. These acquisitions could mark a significant step towards the further adoption of cryptocurrencies across various sectors.
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