Medical manufacturer Semler Scientific has made another acquisition of $17 million worth of Bitcoin. It is highly likely that the company will make additional purchases. The company plans to raise $15 million in funding for new purchases.
On June 6, Semler disclosed his most recent Bitcoin acquisition in an S-3 filing with U.S. securities regulators. Since his first purchase of 581 bitcoins on May 28, he currently holds 828 bitcoins, worth more than $58.5 million.
According to company information, it plans to acquire an additional $150 million in debt securities, some of which will be used to purchase additional Bitcoin. Their goal is to utilize the net proceeds from the sale of securities subject to this policy for their business needs while also maintaining Bitcoin acquisition.
According to Semler CEO Doug Murphy-Chutorian, the company is also focusing on Bitcoin investments along with the healthcare aspect.
The company believes that digital assets are now on par with gold in terms of generating significant returns, given their widespread adoption. They only care about Bitcoin and no other cryptocurrencies.
News of the Semler (SMLR) acquisition on May 28 led to a 30% increase in the company’s stock price. Afterwards, it fell 2.5% to $29.13.
MetaPlanet, a Japan-based investment firm, is currently working on a similar effort. Initially, $6.5 million worth of Bitcoin was acquired on April 8th. It has since acquired an additional 117.7 bitcoins, now worth $8.3 million.