Outside Source
Semler Scientific, Inc. acquired 237 Bitcoins between Dec. 16 and Jan. 10, at an average price of $98,267 per token.
These purchases increased the company holdings to 2,321 Bitcoin (BTC), according to a company release.
Semler’s cumulative investment in Bitcoin now stands at $191.9 million, with an average acquisition price of $82,687 per BTC. The purchases were funded through proceeds from an at-the-market offering and operating cash flow.
The medical device manufacturer has previously stated that it is “laser focused” on acquiring and maintaining a larger Bitcoin reserve after its holdings exceeded 1,050 BTC.
“We will continue to pursue our strategy of purchasing Bitcoins with cash,” Doug Murphy-Chutorian, Semler Scientific chief executive, said in June.
Semler Scientific‘s Bitcoin reserve
In May 2024, the company announced its initial Bitcoin treasury plans. Since then, the company’s stock, ticker ‘SMLR,’ has increased by over 115%, per Google data.
As of Jan. 10, Semler has raised $121.8 million in gross proceeds from its ATM sales. In December 2024, the company expanded its ATM offering by $50 million, bringing the total to $150 million under an agreement with Cantor Fitzgerald.
This article first appeared at crypto.news
