Semler Scientific (SMLR), a publicly traded healthcare company that has diversified its corporate strategy to include substantial investments in bitcoin (BTC), announced it is purchasing an additional $17 million worth of the digital currency. Furthermore, the company is preparing to raise $150 million to facilitate future bitcoin acquisitions.

"Semler remains focused on our two strategies of expanding our healthcare business and acquiring and holding bitcoin," stated Doug Murphy-Chutorian, MD, CEO of Semler Scientific, in a press release. "The company now holds 828 bitcoins, underscoring our view that bitcoin is a compelling investment and can serve as a reliable store of value. We will continue to pursue our strategy of purchasing bitcoins with cash."

As of now, Semler's 828 bitcoins, acquired for $57 million, are valued at $59 million based on current market data from CoinDesk Indices. This move reinforces the company's belief in the long-term potential of bitcoin as an investment vehicle.

Collectively, publicly listed companies hold 308,442 BTC, approximately worth $21.8 billion on their balance sheets, according to bitcointreasuries.net. Semler's significant bitcoin acquisition is part of a broader trend among corporations to diversify their assets with cryptocurrency.

In late May, Semler's announcement of a $40 million bitcoin purchase had a substantial impact on its stock, driving it up by 25%. Despite this recent announcement, SMLR closed down 2.5% in U.S. trading today, reflecting the volatile nature of both the cryptocurrency market and investor sentiment.

As Semler Scientific continues to integrate bitcoin into its financial strategy, it remains committed to its core healthcare business while also exploring the potential of digital assets to enhance shareholder value.