Medical device company Semler Scientific increased its Bitcoin holdings to 1,058 Bitcoin with a $71 million investment, adding 181 Bitcoin from Q3 through early November.

Following its third-quarter financial report, Semler disclosed an additional $2.6 million investment in Bitcoin since October, with plans to continue building its holdings.

"We remain laser-focused on acquiring and holding Bitcoin, while supporting innovation and growth in our healthcare business," stated Doug Murphy-Chutorian, Semler's CEO, in a November 4th statement.

Of the 1,058 Bitcoin held by Semler, 141 Bitcoin were acquired during the third quarter for $8.4 million, and another 40 Bitcoin for $2.6 million after the quarter ended. 

With Bitcoin trading near $68,000, the company’s holdings are now valued close to $72 million, reflecting a modest appreciation.

This acquisition places Semler as the 17th-largest Bitcoin holder among publicly traded firms, overtaking Japan-based Metaplanet’s 1,018.17 Bitcoin, based on recent data. 

However, this data may not have been updated with Semler's latest holdings at the time of reporting.

Semler Chairman Eric Semler outlined plans to increase Bitcoin purchases using cash from operations and proceeds from its ATM program, with additional financing options also under consideration.

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