Another Bitcoin purchase has been announced by a Nasdaq-listed company
The company now holds a total of $83 million worth of Bitcoin, according to its Thursday press release.
The purchase was made with primary cash from the company's operations, according to Semler. The executive took note of Bitcoin's growing institutional adoption, describing such a development as encouraging. Semler has predicted that the Bitcoin price is going to increase due to its growing acceptance among institutional investors.
Semler Scientific initially made headlines in early June by taking a page out of the playbook of business intelligence firm MicroStrategy by acquiring $17 million worth of Bitcoin. The firm introduced its new Bitcoin strategy alongside its healthcare business. MicroStrategy, of course, remains the top publicly listed company by total Bitcoin holdings with its current holdings surpassing $14.4 billion.
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