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Semler Scientific, Inc. (Nasdaq: SMLR), known for its innovative healthcare technologies, has made a significant investment in bitcoin, purchasing an additional 83 units for $5.0 million. The company, which focuses on solutions for chronic disease management, now holds a total of 1,012 bitcoins, costing $68.0 million including fees.
Eric Semler, the company’s chairman, highlighted the purchase as a strategic use of cash from operations and capital from their equity program. He expressed optimism about the cryptocurrency’s future, citing a surge in institutional investment. Recent reports show that institutions now account for over 20% of assets in bitcoin ETFs.
This growing institutional interest, according to Semler, not only underscores the broader acceptance of bitcoin but also promises to enhance shareholder value. As the digital currency gains mainstream traction, Semler Scientific positions itself at the forefront of this financial evolution.
