The Nasdaq-listed medical manufacturer has purchased Semler Scientific – which

Nasdaq-listed medical manufacturer Semler Scientific – which made headlines last month by adding Bitcoin (BTC) to its treasury – has purchased an additional $17 million in assets and could raise up to $150 million to buy more.

The company’s latest Bitcoin purchase was disclosed in an S-3 filing with the United States Securities and Exchange Commission on June 6. After making her first purchase of 581 Bitcoins on May 28, she now owns 828 Bitcoins, worth over $58.5 million.

“(This confirms) our view that bitcoin is an attractive investment and can serve as a reliable store of value. We will continue to follow our strategy of buying bitcoins for cash.

Semler doesn’t waste much time either. It announced it could raise an additional $150 million in debt securities, with some of the proceeds used to buy more bitcoin.

“We intend to use the net proceeds from the sale of all securities offered under this prospectus primarily for general corporate purposes, including the acquisition of Bitcoin,” the company wrote.

Semler Scientific proposed a $150 million debt offering. Source: SEC

In a statement dated June 6, the company’s CEO Doug Murphy Chuturian said that Semler’s Bitcoin investment strategy has become the company’s other top priority, alongside its healthcare business.

Bitcoin, now the primary reserve asset of Semsler’s Treasury, could serve as a “reasonable inflation hedge and safe haven amid global instability,” the company said in its filing with the Securities and Exchange Commission .

“We also believe that its numerical and architectural flexibility makes it better than gold, whose market value far exceeds that of bitcoin,” Semler said. “Given the value gap between gold and Bitcoin, we believe Bitcoin has the potential to generate significant returns as it gains greater acceptance as ‘digital gold.’

The company confirmed that it “does not intend to purchase any crypto assets other than Bitcoin.”

Semler (SMLR) stock rose 30% on news of its purchase on May 28. However, it was unable to rise this time, falling 2.5% to $29.13 on June 6, according to Google Finance data.

Semler Scientific share price performance over the past month. Source: Google Finance

about: Billionaire investor Bill Miller invests 50% of his net worth in Bitcoin

Japanese investment firm Metaplanet is another company that has followed MicroStrategy’s Bitcoin playbook.

She first purchased $6.5 million worth of Bitcoin on April 8 and has made several purchases since then, totaling 117.7 BTC, or $8.3 million at current prices.

Metaplanet’s recent purchase of Bitcoin on May 22 made it the best performing stock on the Tokyo Stock Exchange for two consecutive days.

review: How to Protect Your Cryptocurrencies in a Volatile Market – OGs and Bitcoin Experts Discuss

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