Mentioned:
Semler Scientific has undergone a rapid transformation from a healthcare company to one of the largest owners of Bitcoin. And they aren’t showing any signs of slowing down, either.
What’s happening:
- Semler Scientific (NASDAQ: SMLR) has announced they have recently purchased another $29M USD of Bitcoin to hold directly as an asset
By the numbers:
- Semler Scientific now holds 1,873 Bitcoin directly as an asset
- Semler Scientific has also announced another $50M USD at-the-market equity financing to fund the future purchases of more Bitcoin
Why it matters:
- Publicly listed companies in both the United States of America and Canada have continued to aggressively buy more Bitcoin, amidst a paradigm shift around the future of digital assets
Going deeper:
- MicroStrategy (NASDAQ: MSTR) has continued to set a new precedent for publicly listed companies accumulating Bitcoin, notably injecting multiple billions of dollars recently into buying more Bitcoin fuelled by equity and debt financings
Market reaction:
- Shares of Semler Scientific are now up more than +110% since they made their first ever purchase of Bitcoin
