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International Business Times
International Business Times
Business
Marvie Basilan

MicroStrategy 2.0? Non-Crypto Firm Semler Scientific Adopts Bitcoin Strategy

Bitcoin Semler Scientific MicroStrategy Metaplanet SEC
Semler Scientific, which develops tech products for healthcare companies, has purchased 581 Bitcoins. (Credit: Semler Scientific Website/Screenshot)

KEY POINTS

  • Semler's CEO said its $40M buy of Bitcoin highlights the company's belief in the digital asset's investment potential
  • He said company leadership determined that holding Bitcoin was the 'best use' for Semler's excess cash
  • A former real estate-focused firm also purchased more Bitcoin Tuesday as part of its 'Bitcoin-first' strategy

A U.S. non-crypto firm revealed Tuesday it has adopted a Bitcoin strategy, joining BTC maximalist MicroStrategy in the growing list of companies purchasing Bitcoin to further grow their businesses.

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