TechFlow news, August 26 — According to PR Newswire, U.S.-listed healthcare company Semler Scientific (SMLR) announced it has purchased an additional 83 bitcoins for $5 million. As of the announcement date, the company holds a total of 1,012 bitcoins, representing cumulative investments of $68 million.
Eric Semler, Chairman of Semler Scientific, said the purchase was funded primarily with operating cash and proceeds from a recent stock offering. He emphasized that institutional adoption of bitcoin is growing rapidly, recently surpassing 20% of the assets under management in bitcoin ETFs. The company believes this trend will drive bitcoin's price appreciation and enhance shareholder value. Semler Scientific focuses on developing diagnostic devices for chronic diseases and holds bitcoin as a primary reserve asset.
