Semler Scientific, a healthcare technology developer based in Santa Clara, has recently invested $17 million in cash to acquire an additional 247 BTC. This move is part of the company’s ongoing strategy to protect itself against the risks of inflation.
With this latest purchase, Semler Scientific now holds a total of 828 BTC, which were acquired at a total cost of $57 million. CEO Doug Murphy-Chutorian expressed the company’s belief in Bitcoin as a valuable investment and a secure store of value.
In a recent press release on Jun. 7, it was revealed that just a week prior, Semler Scientific had purchased 581 BTC for $40 million, with an average price of around $68,850 per coin. Chairman Eric Semler highlighted Bitcoin’s potential as a limited and valuable asset that can act as a reliable hedge against inflation and a safe haven in times of global uncertainty.
As a result of these acquisitions, Semler Scientific now ranks 20th among public companies that hold Bitcoin on their balance sheets, according to BitcoinTreasuries.NET. While surpassing crypto mining company Argo Blockchain, which holds only 11 BTC, Semler Scientific still lags behind Chinese software company Meitu, which owns 940.9 BTC.
In other news, Stanford University’s Blyth Fund has also made a recent investment in Bitcoin (BTC).