Semler Scientific Boosts Bitcoin Stash to $314M as Chairman Says Doubters Can Sell Stock
Semler Scientific, a Nasdaq-listed healthcare company, announced it will not sell its Bitcoin holdings even if shareholders choose to sell their stock. The company purchased an additional 111 BTC for $10 million, bringing its total to 3,303 BTC, valued at approximately $314 million. Chairman Eric Semler stated that losses from Bitcoin will not compel the company to sell. Semler Scientific began acquiring Bitcoin last year with a $40 million purchase of 581 BTC and has adopted a strategy similar to that of MicroStrategy, which holds 538,000 BTC. Other Nasdaq companies, including Cosmos Health and Worksport, are also investing in Bitcoin. Semler Scientific's stock rose nearly 3% to $35.40, while Bitcoin increased nearly 2%, surpassing $95,000.
