Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»Semler Scientific Announces Acquisition of 247 Bitcoins and Raising $150 Million for Additional Purchases
ADOPTION NEWS

Semler Scientific Announces Acquisition of 247 Bitcoins and Raising $150 Million for Additional Purchases

By Crypto FlexsJune 8, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Semler Scientific Announces Acquisition of 247 Bitcoins and Raising 0 Million for Additional Purchases
Share
Facebook Twitter LinkedIn Pinterest Email

Semler Scientific, a Nasdaq-listed medical technology company, announced Thursday that it had purchased 247 bitcoins for $17 million worth of cash. It plans to raise $150 million worth of funds to further increase its Bitcoin holdings.

The company has already amassed a total of 828. BTC

+0.49%
It is said that it was acquired for a total of $57 million. press release. At Bitcoin’s current value, Semler’s BTC portfolio is worth nearly $59 million.

“Semler remains focused on two strategies: expanding our healthcare business and acquiring and holding Bitcoin,” said Semler Scientific CEO Doug Murphy-Chutorian. “We will continue to pursue our strategy of purchasing Bitcoin with cash.”

According to the company S-3 application Semler Scientific said it will raise an additional $150 million worth of debt securities with the U.S. Securities and Exchange Commission. The company said it would use part of the planned increase to purchase more Bitcoin.

“We believe it has the unique characteristics of being a scarce and finite asset that can serve as a reasonable inflation hedge and safe haven amid global instability,” the filing said. The company also stated that it has no plans to purchase other types of cryptocurrencies.

Meanwhile, the company acknowledged in its filing that Bitcoin has been, and will likely continue to be, very volatile. “Due to future fluctuations in the trading price of Bitcoin, Bitcoin purchased with the net proceeds from this offering may be converted to cash with a value significantly lower than the net proceeds from this offering,” the statement said.

Semler Scientific closed down 2.48% on Thursday and was down another 1.17% in the after-hours, according to data from Yahoo Finance.

According to BitcoinTreasuries.netPublic companies around the world hold a total of 308,689 BTC, while the company led by Microstrategy, Inc. holds 214,400 BTC.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

The US House of Representatives develops the Stablecoin bill and DEMS warns of Trump conflict.

April 3, 2025

MAGA Memecoin Hints at Another ‘Trump Pump’ Ahead of Bitcoin 2024 Conference

July 19, 2024

Stellar’s XLM rises more than 187%, analysts confirm $1 milestone

November 24, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.