Medical device manufacturer Semler Scientific (Nasdaq: SMLR) announced it acquired 247 additional Bitcoin for $17 million in cash, bringing its total holdings to 828 BTC. The company also plans to raise $150 million to expand its Bitcoin reserves.

JUST IN: BlackRock spot #Bitcoin ETF IBIT had $347.1 million inflows today. pic.twitter.com/SIKByVcctA

— Bitcoin Magazine (@BitcoinMagazine) June 6, 2024

Semler made waves last month when it adopted Bitcoin as its primary treasury reserve asset, mimicking MicroStrategy’s influential corporate Bitcoin accumulation strategy. After its initial 581 bitcoin purchase, Semler has continuously acquired more coins.

CEO Doug Murphy-Chutorian said “Semler…

Read more on BitcoinMagazine