HomeBitcoinSemler Scientific® Announces More Bitcoin Acquisitions

Semler Scientific® Announces More Bitcoin Acquisitions


Semler Scientific, Inc. Announces Purchase of Additional Bitcoins for $17 Million

Semler Scientific, Inc. Makes Major Investment in Bitcoin, Purchasing Additional 247 Bitcoins

SANTA CLARA, Calif., June 6, 2024 /PRNewswire/ — Semler Scientific, Inc. (Nasdaq: SMLR), a leading developer of technology products and services for healthcare providers, has announced a significant investment in Bitcoin. The company has purchased an additional 247 bitcoins for a total of $17 million in cash, including fees and expenses.

With this latest purchase, Semler now holds a total of 828 bitcoins, acquired for a total of $57 million, inclusive of fees and expenses. This move highlights the company’s commitment to expanding its healthcare business while also recognizing the value of Bitcoin as an investment and store of value.

Semler Scientific’s CEO, Doug Murphy-Chutorian, MD, stated, “Semler remains focused on our two strategies of expanding our healthcare business and acquiring and holding Bitcoin. The company now holds 828 bitcoins, underscoring our view that Bitcoin is a compelling investment and can serve as a reliable store of value. We will continue to pursue our strategy of purchasing bitcoins with cash.”

Semler Scientific, Inc. is known for developing innovative products and services to combat chronic diseases. Its flagship product, QuantaFlo®, is a rapid point-of-care test that measures arterial blood flow in the extremities and aids in the diagnosis of cardiovascular diseases such as peripheral arterial disease (PAD). The company is also seeking a new 510(k) clearance for expanded indications for QuantaFlo.

In addition to its healthcare business, Semler Scientific has adopted Bitcoin as its primary treasury reserve asset. The company’s forward-looking statements emphasize its new Bitcoin strategy, the purchase of additional Bitcoin with cash, and the expansion of its healthcare business.

Investing in Bitcoin comes with inherent risks, including volatility and the need for a solid treasury strategy. Semler Scientific acknowledges these risks and is committed to managing them effectively.

For more information about Semler Scientific, visit www.semlerscientific.com.

Renae Cormier
Chief Financial Officer
[email protected]

SOURCE Semler Scientific, Inc.


Expert Predicts the Era of Ethereum: Implications explained

Insights on the "Age of Ethereum" by Ryan Berckmans: A Game-Changer for Blockchain Technology? The Age of Ethereum: Prominent Investor Boldly Predicts Ethereum's Rise Amidst...

Rural Kentuckians continue to wait for noise relief as they look to Arkansas’ new crypto mining law – Kentucky Lantern

Noise Concerns and Regulation Challenges Surrounding Cryptocurrency Mining Operations in Rural Kentucky The quiet rural community of Wolfe County in Kentucky has been disrupted by...

Binance’s Key Move Puts AVAX and MATIC Under Pressure

Binance Delists AVAX and MATIC's TUSD Trading Pair: Price Pressure Expected Binance Delists AVAX and MATIC’s TUSD Trading Pair, Price Pressure Expected In a recent move...

Donald Trump scheduled to address Bitcoin conference

Trump to Speak at Bitcoin Conference in Nashville: Will Crypto Community Support Him in the Election? The upcoming Bitcoin Conference in Nashville, Tennessee is set...

Most Popular