Semler Scientific, a company specializing in healthcare technology and listed on the stock market, has recently increased its holdings of Bitcoin by 871 BTC in less than a month, bringing its total holdings to 3,192 BTC.
The company has been buying Bitcoin as a reserve asset since the second quarter of 2024 and has seen a rise in its share value after implementing its Bitcoin strategy. In a statement released on February 4, Semler Scientific chairman Eric Semler expressed excitement over the growth of their Bitcoin stockpile.
To fund the latest acquisition, Semler sold part of its minority share in Monarch Medical Technologies. Reports indicate that the company invested $5 million in Monarch Medical in December 2022 through the purchase of a senior secured convertible promissory note.
In January, Semler also issued $75 million of senior notes in a private offering that was oversubscribed and ultimately raised $81.4 million for the company. These notes will reach maturity in 2030.