The company has a BTC reserve valued at about $64.5 million.
This company was revived thanks to its investment in bitcoin, according to its president.
Semler Scientific’s bitcoin (BTC) reserve has already exceeded 1,000 units of the digital currency, becoming what is known in the market as a “whale.”
This company, which specializes in technology products and services for healthcare providers aimed at combating chronic diseases, revealed its total bitcoin holdings in its third quarter 2024 financial results report.
According to informed By the company, as of September 30, 2024, they owned 1,018 bitcoin with a market value of approximately $64.5 million.
During that quarter, the company purchased 141 more bitcoins, for $8.4 million. Subsequently, until November 4, 2024, he acquired an additional 40 BTC for $2.6 million, raising its total to 1,058 bitcoin.
Semler Scientific’s total bitcoin investment has already reached $71 million in operating cash flowincluding all fees and expenses.
The total amount of bitcoin in the hands of Semler Scientific is confirm the BitcoinTreasuries portal, which keeps a count of companies that accumulate BTC.
This bitcoin investment strategy started in May of this year. According to the company president, Semler Scientific was considered a “zombie company” before its investment in BTC.
Eric Semler, at the Bitcoin 2024 conference, mentioned that his inspiration came from what MicroStrategy and its president, Michael Saylorhave been preaching about digital currency.
MicroStrategy, under the direction of Saylor, has positioned itself as one of the largest bitcoin whales, with more than 250,000 BTC in custody, as reported by CriptoNoticias.
Saylor’s strategy has been imitated by other companies, such as Semler Scientific and recently Metaplanet in Japan, who have adopted a similar stance towards bitcoin, seeing in it not only a store of value, but also a protection against inflation and a refuge in times of global instability.
Semler Scientific believes that bitcoin surpasses gold as a store of value due to its digital nature and the technology behind it. The company has stated that its investment in BTC not only makes it an asset with upside potential, but also positions it as an entity with a modern approach to capital and risk management.
Semler’s move into bitcoin, while relatively recent, has been significant in terms of volume and speed of acquisition, placing her among the main entities with large bitcoin holdings in the market. This strategic shift reflects a growing confidence in BTC as an integral part of corporate financial management, following the example of industry leaders such as MicroStrategy.
This article was created using artificial intelligence and edited by a human Editor.
