Semler Scientific currently holds 828 bitcoins and has plans to purchase $150 million more.

Semler Scientific, the Nasdaq-listed medical manufacturer that made headlines last month by adding Bitcoin (BTC) to its treasury, has purchased an additional $17 million worth of assets and has up to $150 million for additional purchases. You can raise money.

The company’s latest Bitcoin purchase was disclosed in an S-3 filing filed with U.S. securities regulators on June 6. After purchasing his first 581 bitcoins on May 28, he now holds 828 bitcoins, worth more than $58.5 million.

“(This) highlights our view that Bitcoin is an attractive investment and can serve as a reliable store of value. We will continue to pursue our strategy of purchasing Bitcoin with cash.”

Semler doesn’t waste too much time either. It announced that it could raise an additional $150 million in debt securities and that a portion of the proceeds would be used to purchase more Bitcoin.

“We intend to use the net proceeds from the sale of any securities offered pursuant to this prospectus primarily for general corporate purposes, including the acquisition of Bitcoin,” the company wrote.

In a June 6 statement, the company’s CEO Doug Murphy-Chutorian said Semler’s Bitcoin investment strategy has become another top priority for the company, along with its healthcare business.

Bitcoin, currently Semsler’s primary treasury reserve asset, can serve as a “reasonable inflation hedge and safe haven amid global instability,” Semsler said in an SEC filing.

“We believe that its digital, structural resilience makes it preferable to gold, which has a market value that far exceeds that of Bitcoin,” Semler said. “Given the difference in value between gold and Bitcoin, we believe there is potential for significant returns as Bitcoin becomes increasingly accepted as ‘digital gold.’”

The company reiterated that it has “no plans to purchase any cryptocurrency assets other than Bitcoin.”

Shares of Semler (SMLR) soared 30% on news of the acquisition on May 28. But this time it failed to rise, falling 2.5% to $29.13 on June 6. According to Google Finance data.

Related: Billionaire investor Bill Miller invests 50% of his net worth in Bitcoin

Japan-based investment firm Metaplanet is another company following MicroStrategy’s Bitcoin playbook.

He made his first purchase of $6.5 million in Bitcoin on April 8 and has made several purchases since, for a total of 117.7 Bitcoin, or $8.3 million at current prices.

Metaplanet’s last Bitcoin purchase on May 22 contributed to it being the best-performing stock on the Tokyo Stock Exchange for two days in a row.

magazine: How to Protect Your Cryptocurrency in Volatile Markets — Bitcoin OGs and Experts Share Their Opinions