Semler Scientific Purchases Additional 247 Bitcoins for $17 Million, Total Holdings Now 828 Bitcoins Worth $58 Million

Jun 6, 2024, 10:03 PM

Semler Scientific has made a significant investment in Bitcoin, purchasing an additional 247 bitcoins for $17 million in cash. As of June 6, 2024, the company now holds a total of 828 bitcoins, acquired for a cumulative $57 million. This move reflects a growing trend of corporate adoption of cryptocurrency, with Semler's total Bitcoin holdings now valued at approximately $58 million. The company, traded under the ticker $SMLR, reported having $57 million in cash and cash equivalents on their balance sheet at the end of 2023.