Semler Scientific, Inc. has strategically bolstered its Bitcoin reserves by purchasing 237 Bitcoins at an average price of $98,267 each, between December 16 and January 10. This move has elevated their total Bitcoin holdings to 2,321, with a total investment of $191.9 million and an average acquisition cost of $82,687 per Bitcoin. The funding for these acquisitions came from the proceeds of an at-the-market offering and operating cash flows.

Since announcing its initial Bitcoin treasury strategy in May 2024, Semler has seen its stock, trading under the ticker ‘SMLR,’ surge by over 115%, according to Google data. The medical device company emphasized its commitment to expanding its Bitcoin reserves, already exceeding 1,050 BTC earlier.

CEO Doug Murphy-Chutorian stated the company remains “laser-focused” on growing its Bitcoin holdings using available cash. As of January 10, Semler has raised a substantial $121.8 million in gross proceeds from its ATM sales, further reinforcing its robust financial strategy in collaboration with Cantor Fitzgerald.