Publicly Traded Semler Scientific Buys More Bitcoin as Law Firm Targets Company
Bragar Eagel & Squire, P.C. is investigating potential legal claims against Semler Scientific for possible violations of federal securities laws and unlawful business practices. The law firm has encouraged Semler's shareholders to reach out regarding the investigation. Semler Scientific is under scrutiny from the U.S. Department of Justice, which opened a civil investigation into the company's reimbursement claims related to its QuantaFlo device in 2017. The DOJ has made several follow-up inquiries over the years, and recent settlement attempts have failed. Semler Scientific recently acquired 455 Bitcoins for $50 million, increasing its total holdings to 4,264 Bitcoins, valued at approximately $466 million. The company's stock price was $44.20, down 1.6% in the last 24 hours, despite a recent rally following the DOJ investigation announcement. Bitcoin's current trading price is $108,915, reflecting a 2.5% decline over the past day but a 16% increase over the past month.
