Semler Scientific Purchases 83 Additional Bitcoins For $5M, Bringing Total Holdings To 1,012 Bitcoins Acquired For $68M
Portfolio Pulse from Benzinga Newsdesk
Semler Scientific has purchased an additional 83 Bitcoins for $5 million, increasing its total Bitcoin holdings to 1,012, acquired for $68 million. The company views growing institutional adoption as a positive driver for Bitcoin value and stockholder returns.
August 26, 2024 | 12:06 pm
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Semler Scientific has increased its Bitcoin holdings to 1,012, investing an additional $5 million. The company anticipates that growing institutional adoption will enhance Bitcoin's value and benefit stockholder returns.
Semler Scientific's increased investment in Bitcoin suggests a bullish outlook on the cryptocurrency's future value, potentially boosting investor confidence in the company's strategic decisions. This could positively impact SBFM's stock price in the short term.
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