The healthcare-focused technology firm, Semler Scientific has added more Bitcoin to its portfolio amid growing institutional interest in the flagship crypto. According to a new announcement, the firm has purchased Bitcoin worth around $5 million, indicating the firm’s growing confidence in BTC. Notably, with the latest purchase, the firm’s total holdings soared past 1K BTC.
Semler Scientific Purchase 83 Bitcoin
The latest acquisition, as reported in a Semler Scientific press release, reflects the firm’s commitment to Bitcoin. According to a recent press release, the Nasdaq-listed tech firm has purchased another 83 BTC, worth $5 million.
Notably, this latest purchase increased the company’s total BTC holdings to 1,012 coins, which was acquired at a total of $68 million. The purchase was primarily funded from the cash generated from operations, along with proceeds from the firm’s at-the-market equity program.
Rupam Roy
Rupam, a seasoned professional with 3 years in the financial market, has honed his skills as a meticulous research analyst and insightful journalist. He finds joy in exploring the dynamic nuances of the financial landscape. Currently working as a sub-editor at Coingape, Rupam’s expertise goes beyond conventional boundaries. His contributions encompass breaking stories, delving into AI-related developments, providing real-time crypto market updates, and presenting insightful economic news. Rupam’s journey is marked by a passion for unraveling the intricacies of finance and delivering impactful stories that resonate with a diverse audience.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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