Semler Scientific, a medical technology company, continues to accumulate Bitcoin: A positive signal for the long-term Crypto market
In the context of the highly volatile cryptocurrency market, the continued accumulation of Bitcoin by public companies is showing an optimistic signal about the long-term potential of this digital asset. Recently, #SemlerScientific , a medical technology company listed on Nasdaq, has continued to purchase an additional 185 Bitcoin worth 20 million USD in May and June. This brings the total amount of Bitcoin that Semler Scientific holds to 4,450 $BTC , with a value of approximately 472 million USD at current prices.
Semler Scientific's continuous accumulation of Bitcoin over the past year, even repositioning itself as a "Bitcoin treasury company," indicates a growing trend among businesses to use Bitcoin as a tool to enhance shareholder value. This is not just an isolated action by Semler Scientific but also reflects a similar strategy of other companies like MicroStrategy, which has been a pioneer in accumulating Bitcoin since 2020. MicroStrategy's success in increasing its stock value thanks to its Bitcoin strategy has encouraged many other businesses to consider or take similar actions.
The continuous investment of publicly listed companies into Bitcoin demonstrates confidence in the role of cryptocurrency in the future of global finance.
Investing in cryptocurrency carries high risks due to significant price volatility.
source: #Decrypt