As a researcher with experience in the tech and finance industries, I find Semler Scientific’s strategic move to hedge against inflation risks by purchasing Bitcoin intriguing. The latest acquisition of 247 BTC for $17 million adds to their existing reserves, bringing the total to 828 BTC. This significant investment in Bitcoin shows their belief in its potential as a compelling investment and reliable store of value.
Semler Scientific, a technology company specializing in healthcare innovation, has disclosed its intention to buy an extra 247 Bitcoins for approximately $17 million in cold hard cash.
Semler Scientific, a healthcare technology company based in Santa Clara, has purchased an extra 247 Bitcoins for approximately $17 million in cash as part of their tactic to shield themselves from potential inflationary pressures.
According to a press release on June 7th, I, as a researcher, can inform you that Semler Scientific’s Bitcoin holdings have increased with the latest acquisition. This purchase adds 828 BTC to our existing reserves, which we obtained by investing a total of $57 million. I, Doug Murphy-Chutorian, the CEO of Semler Scientific, am excited to share that this investment reflects our firm’s strong belief in Bitcoin as an attractive investment opportunity and a dependable store of value.
“We will continue to pursue our strategy of purchasing Bitcoins with cash.”
Doug Murphy-Chutorian
As a crypto investor, I’ve noticed an interesting pattern in Semler Scientific’s recent transactions. Last week, they bought 581 Bitcoins for a whopping $40 million, which translates to an average price of around $68,850 per coin. Eric Semler, the chairman, highlighted Bitcoin’s unique value as a scarce and finite asset, making it a promising hedge against inflation and a secure investment during global unrest.
“Additionally, we hold the opinion that Bitcoin’s digital and architectural robustness sets it apart from gold, whose market worth is roughly ten times greater.”
Eric Semler
As an analyst, I’d rephrase it as follows: With the recent Bitcoin purchase, Semler Scientific has entered the top 20 list of publicly-traded companies holding Bitcoin in their balance sheets, according to BitcoinTreasuries.NET. This acquisition moves Semler Scientific past crypto mining company Argo Blockchain, which holds only 11 Bitcoins, but leaves it behind Chinese software firm Meitu, which holds a substantial amount of 940.9 Bitcoins.
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2024-06-07 10:20