{"id":256936,"date":"2024-08-26T13:55:23","date_gmt":"2024-08-26T13:55:23","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/08\/26\/semler-scientific-buys-additional-5-million-worth-of-bitcoin\/"},"modified":"2025-06-25T17:11:48","modified_gmt":"2025-06-25T17:11:48","slug":"semler-scientific-buys-additional-5-million-worth-of-bitcoin","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/08\/26\/semler-scientific-buys-additional-5-million-worth-of-bitcoin\/","title":{"rendered":"Semler Scientific Buys Additional $5 Million Worth of Bitcoin"},"content":{"rendered":"<p> [ad_1]<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/.image\/c_fit%2Ch_800%2Cw_1200\/MjA4NzAyOTYyMTA3Njg4MjQz\/default_bitcoinbacked_loan_0.jpg\" \/><\/p>\n<p>Medical device company <a href=\"https:\/\/bitcoinmagazine.com\/tags\/semler-scientific\">Semler Scientific<\/a> announced it <a href=\"https:\/\/www.prnewswire.com\/news-releases\/semler-scientific-announces-additional-bitcoin-purchases-302230158.html\">purchased<\/a> an additional 83 Bitcoin for $5 million in cash. This latest buy expands Semler&#8217;s total Bitcoin holdings to 1,012 BTC acquired for $68 million.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: \ud83c\uddfa\ud83c\uddf8 Public Company Semler Scientific buys another 83 <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> worth $5 million. <a href=\"https:\/\/t.co\/bQszFQcOF4\">pic.twitter.com\/bQszFQcOF4<\/a><\/p>\n<p>&mdash; Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1828044986463522848?ref_src=twsrc%5Etfw\">August 26, 2024<\/a><\/p><\/blockquote>\n<p>The move comes as Semler embraces a strategy of adding Bitcoin to its balance sheet. <a href=\"https:\/\/bitcoinmagazine.com\/business\/healthcare-company-semler-scientific-buys-40-million-bitcoin-adopts-as-treasury-reserve-asset\">In May<\/a>, the company invested $40 million to purchase 654 BTC in its first major embrace of Bitcoin. Semler said it views Bitcoin as its primary treasury asset.<\/p>\n<p><a href=\"https:\/\/bitcoinmagazine.com\/business\/semler-scientific-to-raise-150m-to-buy-more-bitcoin\">In June<\/a>, Semler announced another $17 million Bitcoin acquisition of 247 BTC and said it planned to raise up to $150 million through an equity program to further boost its Bitcoin holdings. <a href=\"https:\/\/bitcoinmagazine.com\/business\/semler-scientific-buys-another-6-million-worth-of-bitcoin\">Earlier this month<\/a>, they bought an additional 101 Bitcoin worth $6 million.\u00a0<\/p>\n<p>&#8220;Semler remains focused on our two strategies of expanding our healthcare business and acquiring and holding Bitcoin,&#8221; said CEO Doug Murphy-Chutorian in June. &#8220;We will continue to pursue our strategy of purchasing Bitcoins with cash.&#8221;<\/p>\n<p>Semler appears to be following <a href=\"https:\/\/bitcoinmagazine.com\/tags\/microstrategy\">MicroStrategy&#8217;s<\/a> Bitcoin treasury playbook. Since 2020, MicroStrategy has purchased over 225,000 bitcoins worth billions of dollars. Its Bitcoin bets have increased the company&#8217;s enterprise value dramatically.<\/p>\n<p>Other public companies, such as MARA, Metaplanet, and others, have also added Bitcoin to their balance sheets. More firms are realizing the potential benefits of holding Bitcoin as a reserve asset and hedge against inflation.<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/bitcoinmagazine.com\/business\/semler-scientific-buys-additional-5-million-worth-of-bitcoin\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Medical device company Semler Scientific announced it purchased an additional 83 Bitcoin for $5 million in cash. This latest buy expands Semler&#8217;s total Bitcoin<\/p>\n","protected":false},"author":1,"featured_media":256937,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[172],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/256936"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=256936"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/256936\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/256937"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=256936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=256936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=256936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}