Semler Scientific buys $17M more bitcoin, plans to raise $150M for further purchases

Healthcare company Semler Scientific has announced plans to raise $150m to buy more bitcoin, following a $17m purchase of the cryptocurrency. Semler currently holds 828 bitcoins, acquired for $57m and now worth $59m. The company's CEO, Doug Murphy-Chutorian, said bitcoin was a "compelling investment" and "reliable store of value". Publicly listed firms hold a total of 308,442 BTC worth around $21.8bn on their balance sheets, according to bitcointreasuries.net. Semler's May announcement of a $40m bitcoin purchase drove its stock up 25%.