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Semler Scientific (SMLR) announced fresh Bitcoin acquisitions as part of its financial strategy revealed in Monday’s third quarter earnings report. The company now boasts ownership of 1,058 Bitcoin, having added 47 BTC at an investment of $3 million since late August. With these latest purchases, Semler’s total Bitcoin investment stands at $71 million, closely mirroring the current value of their holdings at approximately $71.4 million, based on Bitcoin’s price of $67,500.
Eric Semler, chairman of Semler Scientific, expressed the firm’s proactive approach: “We are capitalizing on the opportunity to maximize stakeholder value by accumulating bitcoin.” He revealed plans for future Bitcoin purchases funded by operational cash flow and proceeds from the company’s at-the-market (ATM) stock sale program. Semler Scientific has raised around $2.5 million by selling 86,734 shares under this program since August 13.
The strategy underscores Semler’s commitment to leveraging financial opportunities to enhance shareholder value through significant cryptocurrency investments, alongside exploring additional financing avenues to expand its Bitcoin portfolio.
