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Semler Scientific, a healthcare technology company located in Santa Clara, has continued its strategic approach to Bitcoin investing by purchasing an additional 247 BTC for $17 million in cash. This move was made to protect against inflation concerns.
With this most recent acquisition, Semler Scientific now owns 828 Bitcoin, having paid a total of $57 million for them. CEO Doug Murphy-Chutorian of Semler Scientific reaffirmed the company’s belief in Bitcoin as a “compelling investment and a reliable store of value.”
Doug Murphy-Chutorian stated, “We will continue to pursue our strategy of purchasing Bitcoins with cash.”
The purchase follows a significant acquisition just a week earlier, where Semler Scientific acquired 581 BTC for $40 million, averaging around $68,850 per coin. Semler Scientific chairman Eric Semler highlighted Bitcoin’s potential as a scarce asset, serving as a hedge against inflation and a safe haven during global instability.
Eric Semler explained, “We also believe its digital, architectural resilience makes it preferable to gold, which has a market value of approximately 10 times that of Bitcoin.”
With this recent purchase, Semler Scientific now ranks 20th among public companies holding Bitcoin on their balance sheets, according to BitcoinTreasuries.NET. The company surpasses Argo Blockchain, which holds 11 BTC, but trails behind Meitu, a Chinese software company holding 940.9 BTC.