Medical diagnostics company Semler Scientific has acquired an additional 47 BTC for $3 million using operating cash flow since its previous disclosure in August. Alongside its third-quarter results, the company revealed that its bitcoin holdings have reached 1,058.$13.5 million in revenue for Q3, a 17% decrease. Operating income was $5.1 million, down $1.2 million from Q2. Despite this, it remains “laser-focused” on acquiring and holding Bitcoin.
Weighing on the company’s BTC focus, Doug Murphy-Chutorian, MD, chief executive officer of Semler Scientific, commented, With these acquisitions, Semler became the 17th-largest public company holding the cryptocurrency, placing it ahead of Japan’s Metaplanet, which currently owns 1,015.2 BTC, as perOver the past few years, a rising trend has seen companies investing in bitcoin as a strategic asset on their balance sheets. MicroStrategy, under the leadership of former CEO Michael Saylor, is frequently credited with starting this trend among public corporations.
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