Like MicroStrategy, a technology company will invest USD 150 million in bitcoin

The American company Semler Scientific announced yesterday that it plans accumulate funds totaling 150 million dollars and invest them in bitcoin (BTC). In turn, he also reported that he purchased 247 bitcoin for a total of $17 million in cash.

Regarding the strategy of acquire bitcoin as a store of valueexpressed the executive director of the company dedicated to the development of technological solutions for the health area, Murphy-Chutorian:

«Semler remains focused on our two strategies of expanding our healthcare business and acquiring and holding bitcoin. “We will continue with our strategy of buying bitcoin in cash.”

Doug Murphy-Chutorian, CEO of Semler Scientific.

The company stated at the end of May for the first time that it would begin incorporating BTC as a store of value and on the 28th of that month it purchased 581 bitcoin worth $40 million. In this way, with yesterday’s purchase, It reached ownership of 828 bitcoin, which is equivalent to almost 59 million dollars at its current price.

This initiative has already been communicated to the United States Securities and Exchange Commission (SEC) with the presentation of document S-3 in which the company explains its intention to raise $150 million and use it to purchase more bitcoin.

In that document, on page 5, he establishes the reason for his strategy. The Semler Scientific company, as provided therein, sees bitcoin as a reliable store of value and a compelling investment against inflation and a refuge from global instability. In addition, he emphasized bitcoin’s digital technology to give it greater relevance than gold as a store of value.

In this way, and as a result of the purchase made yesterday, Semler Scientific positioned itself among the 20 publicly traded companies with the largest amount of BTC in the world. This can be seen on the BitcoinTreasuries financial platform, which brings together the companies with the largest bitcoin assets. Among them, the absolute leader is MicroStrategy, with a total of 214,400 bitcoin.

Semler Scientific is a company dedicated to developing technology and software in the area of ​​medicine. It was founded in 2007 and is headquartered in the city of Santa Clara, in the state of California, United States.

Currently, as expressed in the following graph from the YCharts site, it has a market capitalization of almost $223 billion.

Semler Scientific follows the path of MicroStrategy.

Just as Semler Scientific began its plan to buy bitcoin, there is another company that is a leader in this strategy due to its current holding of the digital currency.

This is the company, also American, Microstrategy. As reported in CriptoNoticias, this company led by Michael Saylor, accentuates its favorable position towards BTC thanks to the DCA (Dollar Cost Averaging) strategy. In this strategy, staggered purchases of bitcoin are made to average the purchase price and shelter from the volatility of the digital currency.

Currently Microstrategy is the publicly traded company with the most bitcoin in the world. It has 214,400 bitcoin, which is equivalent to 7,542 million dollars.

As Saylor has already commented, his expectation for the growth of the price of bitcoin is greater compared to other assets, such as the US stock indices S&P 500 and the NASDAQ. In November last year, he commented that for him BTC will rise in price faster in the next 10 years in relation to the named indices.

In this way, with MicroStrategy and Semler Scientific as an example, the adoption of bitcoin by the business sector and the traditional financial market is growing day by day.