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Semler Scientific Acquires 303 More BTC for $29.3M, Stock Up 10.4% Pre-Market

Dec 5, 2024, 01:33 PM

Semler Scientific Inc. has significantly expanded its Bitcoin holdings, acquiring an additional 303 BTC for approximately $29.3 million at an average price of $96,779 per bitcoin. This brings the company's total Bitcoin holdings to 1,873 BTC, purchased for about $147.1 million at an average cost of $78,553 per bitcoin. The company has reported a Bitcoin yield of 78.7% since adopting its Bitcoin treasury strategy in May. The stock of Semler Scientific ($SMLR) saw a pre-market increase of 10.4% following the announcement. Additionally, Semler Scientific doubled its ATM offering to $100 million, indicating a robust financial strategy.