Publicly Traded Semler Scientific Buys Millions More in Bitcoin
Summary
Semler Scientific acquired 165 Bitcoin for $15.7 million from April 25-29, increasing its total Bitcoin holdings to 3,467 BTC, valued at over $327 million. This follows a previous purchase of 111 BTC for $10 million on April 25. The company plans to raise up to $500 million through a new securities offering, intending to use part of the funds for further Bitcoin acquisitions. Semler has been actively purchasing Bitcoin since last year, inspired by Strategy and its Chairman Michael Saylor, who praised Semler's 23.8% year-to-date BTC yield. Semler's Bitcoin treasury ranks just outside the top 10 among publicly traded companies. Shares of Semler Scientific (SMLR) fell 4.83% and have decreased over 40% year-to-date, closing at $32.33.
