Semler Scientific Expands Bitcoin Holdings with Additional $17 Million Purchase

The medical device company plans to raise $150 million to further invest in Bitcoin, viewing it as a strategic asset.

Semler Scientific has acquired 247 more Bitcoins, bringing its total holdings to 828 BTC, worth nearly $59 million.
The company aims to purchase up to $150 million more Bitcoin, funded through sales of debt securities.
Semler's stock saw a 3.06% increase in pre-market trading following the announcement.
The firm adopted Bitcoin as its primary treasury reserve asset in May, initially buying 581 BTC for $40 million.
CEO Doug Murphy-Chutorian emphasizes Bitcoin as a compelling investment and reliable store of value.