Semler Scientific (NASDAQ:SMLR) has expanded its Bitcoin holdings with the purchase of 165 BTC, valued at approximately $15.7 million, at current market prices.
The company, known for its bullish stance on the flagship cryptocurrency, has been accumulating BTC throughout the year, and this latest buy pushes Semler's total Bitcoin holdings to 3,467 BTC.
"We continue to see great opportunity in bitcoin as a strategic treasury asset," said Eric Semler, Chairman of the Board.
"We are pleased to report a YTD realized yield of 23.8% on our BTC holdings, highlighting the effectiveness of our investment strategy in navigating the crypto market and generating value for Semler Scientific," he added.
Semler Scientific's move comes as several public companies have been adding Bitcoin to their balance sheets.
Companies like MicroStrategy have blazed the trail in recent years, accumulating large stashes of BTC as part of a strategy to hedge against inflation and seek outperforming assets.
However, as institutional adoption accelerates, more traditional firms are venturing into the crypto space.
With this latest purchase, Semler Scientific ranks among the more aggressive corporate Bitcoin holders, showcasing how the healthcare technology company is diversifying its treasury and seeking long-term returns with BTC.
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