In an exciting yet challenging time for the crypto community, Semler Scientific, a medical technology company, has continued its aggressive Bitcoin acquisition strategy. The firm has recently purchased an additional 52 BTC for $3 million, despite the recent price crash. This brings Semler’s total Bitcoin holdings to 929 BTC, purchased at an aggregate cost of $63 million, including fees and expenses.
Semler’s commitment to Bitcoin began in May 2024, when it first announced plans to adopt Bitcoin as its primary treasury reserve asset. Since then, the company has made significant purchases, including 581 BTC for $40 million in May, a move inspired by MicroStrategy’s approach. Eric Semler, the chairman, views Bitcoin as “digital gold” and a “compelling investment” with the potential for “outsize returns.” He plans to continue acquiring more Bitcoin using cash from operations and proceeds from securities sales.
Although the recent drop in Bitcoin’s price to around $55,000 has temporarily put Semler’s holdings in the red, Eric Semler remains optimistic. He is encouraged by the positive reaction to their Bitcoin strategy and believes in the long-term value of the cryptocurrency. Currently, Semler Scientific holds the 19th largest Bitcoin treasury among public companies.
For crypto traders, Semler’s unwavering belief in Bitcoin amid market volatility is a testament to the cryptocurrency’s resilience and potential. It highlights how Bitcoin continues to attract significant institutional interest, paving the way for broader acceptance and stability in the market.
