Semler Scientific Increases Bitcoin Investment as Institutional Adoption Grows
Semler Scientific has expanded its Bitcoin holdings by purchasing 83 additional bitcoins for $5 million. Bringing its total to 1,012 BTC.
The company is optimistic about the growing institutional adoption of Bitcoin. Believing this trend will increase Bitcoin’s value and benefit its stockholders.
The acquisition was funded primarily through cash from operations and capital raised through an equity program, reflecting Semler’s strategy to position Bitcoin as a reliable store of value and a hedge against inflation and global instability.
Clever Robot News Desk 27th August 2024
