Semler Scientific, a company focused on medical technology, has increased its Bitcoin holdings by purchasing 4,636 BTC for $20 million.
Bitcoin Purchase
The recent Bitcoin purchase for $20 million has raised the company’s total holdings to 4,636 BTC. This year, the yield from Bitcoin stands at 29%, indicating strong profits from its crypto assets.
Company Strategy
Originally focused on medical technologies and early detection of chronic diseases, Semler Scientific began investing in Bitcoin in May 2024, viewing it as a long-term value. A company spokesperson stated, "Our Bitcoin strategy has delivered significant returns and positioned Semler as one of the most BTC-heavy public firms."
Digital Asset Market
Semler Scientific joins a growing number of public companies that are using Bitcoin to diversify their treasury reserves, especially in a climate of rising interest in digital assets as stores of value.
Thus, Semler Scientific's strategy to increase its Bitcoin holdings highlights the growing interest among public companies in utilizing digital currencies as reserve assets.
