Medical device company Semler Scientific (SMLR) revealed modest additional Bitcoin (BTC) purchases alongside its third-quarter earnings report on Monday evening. As of November 4, the company holds a total of 1,058 Bitcoin, having acquired 47 BTC for $3 million since its last purchase announcement in late August.
Semler has invested a total of $71 million in its Bitcoin holdings, which are currently valued at approximately $71.4 million, given Bitcoin’s price of $67,500.
“We are capitalizing on the opportunity to maximize stakeholder value by accumulating Bitcoin,” stated Eric Semler, chairman of Semler Scientific. “We plan to continue purchasing Bitcoin using cash from operations and proceeds from our sales under our ATM program. Additionally, we are exploring further financing options to enable us to acquire even more Bitcoin.”
The company initiated a $50 million at-the-market stock sale program on August 13, and since then, Semler has sold 86,734 shares, generating about $2.5 million.
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