The medical manufacturer now holds 828 BTC and says it will “continue to pursue our strategy of purchasing Bitcoins with cash.”to its treasury — has bought another $17 million worth of the asset and may raise up to $150 million to buy more." our view that bitcoin is a compelling investment and can serve as a reliable store of value. We will continue to pursue our strategy of purchasing bitcoins with cash.
Semler isn’t wasting too much time, either. It announced that it can raise an additional $150 million of debt securities, with a portion of the proceeds used to buy more Bitcoin. “We intend to use the net proceeds from the sale of any securities offered under this prospectus primarily for general corporate purposes, including the acquisition of bitcoin,” the firm wrote.Bitcoin investment strategy
Bitcoin, now Semsler’s primary treasury reserve asset, can serve as a “reasonable inflation hedge and safe haven amid global instability,” the firm said in its SEC filing. “We also believe that its digital, architectural resilience makes it preferable to gold, which has a market value that greatly exceeds the market value of bitcoin,” Semler said. “Given the gap in value between gold and bitcoin, we believe that bitcoin has the potential to generate outsize returns as it gains increasing acceptance as ‘digital gold.’”wasn’t able to popof Bitcoin on April 8 and has bought multiple purchases since, totaling 117.7 Bitcoin or $8.3 million at current prices.
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