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.
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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.
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