Semler Scientific buys Bitcoin again and will raise USD $150 million for more – DiarioBitcoin
By Hannah Perez
The healthcare industry company acquired 247 bitcoins and plans to raise money to add more to its treasury. Semler had announced its first purchase last month.
***
- This health company redoubles its commitment to Bitcoin
- Semler Scientific acquired 247 bitcoins and now owns almost 830 BTC in total
- It announced its first purchase last week as part of a reservation strategy
- Now looking to raise USD $150 million to add even more coins
Semler Scientific is increasing its bet Bitcoin less than two weeks from your first investment.
The healthcare company that offers technological solutions to healthcare providers in the United States, announced on Thursday that has added another 247 bitcoins (BTC) to your treasury and that it plans to raise funds worth USD $150 million to further increase its cryptocurrency holdings.
In a press release, Semler Scientific detailed that it had spent USD $17 million in cash for its purchase of Bitcoin most recent, suggesting that each coin was acquired at an approximate average price of USD $68,825.
The company expressed for the first time last week its intentions to accumulate Bitcoin as part of a new strategy to use the asset as a store of value mechanism. As part of this plan, Semler said it would begin exchanging its excess cash for funds in the world’s largest and oldest cryptocurrency.
After the two recent investments, Semler owns a total of 828 BTC, currently valued at USD $59.2 million, depending on the change at the time of editing. The coins were purchased for a total of 57 million dollarsincluding fees and expenses, the company said in a statement Thursday.
“Semler remains focused on our two strategies of expanding our healthcare business and acquiring and holding Bitcoin“he highlighted Doug Murphy-ChutorianMD, CEO of Semler Scientific.
The company now owns 828 bitcoins, underscoring our view that bitcoin It is a compelling investment and can serve as a reliable store of value. We will continue with our strategy of buying bitcoins with cash.
Semler Scientific don’t skimp when buying Bitcoin
The company, which trades its shares on the Nasdaq stock exchange, also separately disclosed in a regulatory filing with the U.S. Securities and Exchange Commission (SEC) its goal of raise USD $150 million in debt securities with the aim of acquiring even more Bitcoin for your reservations.
In the document, which was cited by several news outlets, Semler detailed that will use a part of the expected increase from the sale of debt securities to buy more bitcoins. The health company’s strategy focuses solely and exclusively on Bitcoinand does not plan to add any other cryptocurrency, specifies that presentation.
“We believe it has unique characteristics as a scarce and finite asset that can serve as a reasonable hedge against inflation and a safe haven amid global instability.“he said about Bitcoin in disclosure.
Beyond its apparent conviction in the main digital currency, Semler He also acknowledged the volatility of the asset, and noted that plans could change based on price variation. “Future fluctuations in bitcoin trading prices may result in us converting bitcoins purchased with the net proceeds of this offering into cash with a value substantially less than the net proceeds of this offering.“, reads the statement.
The strategy to add bitcoins to your reservations remember MicroStrategya company that in recent years has been implementing an energetic strategy of purchasing and accumulating Bitcoin. That momentum has turned Michael Saylor’s company into the largest corporate whale (holder) of Bitcoinwith a stash of over 210,000 BTC.
According to the data of BitcoinTreasuries.netpublic companies around the world hold 308,689 BTC in total worth USD $22 billion, led by MicroStrategy.
Article by Hannah Estefanía Pérez / DailyBitcoin
Picture of Unsplash
WARNING: This is an informative article. DiarioBitcoin is a media outlet, it does not promote, endorse or recommend any particular investment. It is worth noting that investments in cryptoassets are not regulated in some countries. They may not be suitable for retail investors as the entire amount invested could be lost. Check the laws of your country before investing.
