Semler Scientific Expands Bitcoin Treasury with New 303 BTC Purchase

Semler Scientific, a medical device company, recently purchased 303 bitcoin (BTC) for $29.3 million, bringing its total holdings to 1,873 BTC, valued at nearly $190 million.

The purchase was funded through an at-the-market (ATM) offering, where the company sold new shares. This strategy, which Semler adopted in May, positions it as the 14th largest corporate holder of bitcoin.

Semler believes its bitcoin treasury strategy will benefit stockholders and sees bitcoin as a reliable store of value. Inspired by MicroStrategy’s success with similar strategies, Semler continues to strengthen its position in the crypto space.

Clever Robot News Desk 8^th December 2024