Semler Scientific has purchased an additional $3 million worth of Bitcoin, increasing its reserves to a total of 929 BTC. The company, focused on accumulating and holding Bitcoin, reported a 22% revenue decline in Q2 2023 but remains committed to investing in Bitcoin as a valuable asset. Despite its cryptocurrency strategy, Semler Scientific’s shares fell 7.5% after the financial report. The company first announced its Bitcoin acquisition strategy in late May, emphasizing Bitcoin’s value as a reliable investment amid inflation and global instability. Following the latest purchase, Semler Scientific is now among the top public companies globally holding Bitcoin.
