Can the Giant US Company That Started Buying Bitcoin 10 Days Ago Surpass MicroStrategy? $17 Million Additional BTC Purchase Arrived!

American health technology company Semler Scientific continues its investments in Bitcoin.

Accordingly, the company, which announced that it purchased 581 Bitcoin for a total of 40 million dollars in late May, made another BTC purchase today.

The company announced that it purchased an additional 247 BTC for $17 million in cash.

In the statement made today, it was stated that this latest acquisition increased Semler Scientific's total Bitcoin reserves to 828 BTC and the total cost was $57 million.

Semler Scientific CEO Doug Murphy-Chutorian underlined the firm's commitment to Bitcoin as an attractive investment and a reliable store of value, saying:

“We will continue to pursue our strategy of purchasing Bitcoin with cash.

“We also believe that its digital, architectural flexibility makes Bitcoin preferable to gold, which has a market cap of approximately 10 times BTC.”

The company also reiterated that it has no plans to purchase cryptocurrency assets other than Bitcoin.

*This is not investment advice.