Semler Scientific To Acquire More Bitcoin (BTC) With Stock Sales

Medical tech company Semler Scientific has announced plans to acquire more Bitcoin through stock sales increasing its total holdings. The company seeks to add the crypto market leader to its new treasury strategy drawing inspiration from Michael Saylor’s MicroStrategy. Corporations have recently increased their BTC investment following a growing adoption after the approval of spot Bitcoin ETFs. ,Semler Scientific has announced plans to acquire more Bitcoin adding to its total BTC holdings. The firm noted that it plans to sell stock for general corporate purposes, including purchasing more Bitcoin. However, the Securities and Exchange Commission (SEC) might delay the process a little because of their current crypto stance.,Institutions have become more interested in Bitcoin as a reserve asset after the approval of spot Bitcoin ETFs by the SEC the need to grow the balance sheet testing the asset’s quality as a store of value. However, the US financial regulator remains in a rift with the market hindering innovation and growth. ,Also Read: Bitcoin Emoji Proposal In Place As Elon Musk’s X Removes It,This year, Semler Scientific rolled out a Bitcoin treasure reserve buying $57 million worth of assets for its balance sheet. The big net on the crypto market leader stems from similar moves by Michael Saylor and MicroStrategy to increase their asset holding leveraging on the heightened massive adoption. ,While significant growth can lead to gains, the asset becoming linked with Bitcoin might see a stock plunge in a bear market. In another development, gold advocate and BTC critic Peter Schiff stated that Michael Saylor’s strategy to get more CEOs to get a Bitcoin reserve has failed. ,Also Read: BitFlyer Closes FTX Japan Deal, Crypto ETF Services on The Horizon,