Semler Scientific adds another 83 Bitcoins worth $5 million

BlockBeats news, August 26, according to PR Newswire, US listed medical company Semler Scientific announced that it has purchased an additional 83 bitcoins for $5 million in cash (including fees and expenses).

As of August 26, 2024, Semler Scientific holds a total of 1,012 bitcoins, and the acquisition price is $68 million (including fees and expenses).

Semler Scientific Chairman Eric Semler said: "We have recently purchased more bitcoins mainly using operating cash and funds raised through market stock plans. We are encouraged by the increasing institutional adoption of Bitcoin.

Recently, it was reported that institutions have more than 20% of Bitcoin ETF asset management rights for the first time. We believe that this increasing institutionalization will drive Bitcoin prices and the value of our shareholders."