Semler Scientific Expands BTC Holdings with $21.5M Purchase
The post Semler Scientific Expands BTC Holdings with $21.5M Purchase appeared on BitcoinEthereumNews.com.
On average, one bitcoin was worth $101,890, bringing the total to almost $21.5 million. The business owns 2,084 BTC for around $168.6 million, or $80,916 per Bitcoin. An update on Semler Scientific, Inc.’s (SMLR) BTC acquisition activities was released today with the confirmation of a $21.5 million Bitcoin purchase. The business provides technological solutions for chronic conditions. Overall key performance indicators and the company’s capital markets strategy were both modified. Further bitcoin consolidation is an important aspect of the company’s financial strategy, which it embraced earlier this year with the adoption of a BTC treasury plan. As part of its updated Bitcoin acquisition strategy, Semler Scientific, Inc. (SMLR), which offers technological solutions for chronic illness monitoring, has bought $21.5 million worth of BTC. Banking on Bitcoin Semler Scientific’s board chairman, Eric Semler, said that the business had purchased 211 Bitcoins. On average, one bitcoin was worth $101,890, bringing the total to almost $21.5 million. Moreover, Semler Scientific has achieved a BTC Yield of 67.0% quarterly. And altogether, it has reached 92.8% since it adopted its plan in May 2024. Also, the business acquired 2,084 BTC for around $168.6 million, or $80,916 per Bitcoin, as of December 15, 2024. Semler Scientific raised the maximum amount of shares that might be offered via its ATM offering from $100 million to $150 million on December 16, 2024. By the 13th of December, the earnings from the sale of the company’s stock had reached $100 million. MicroStrategy, which holds billions of BTC, is on a far larger scale than SMLR. Yet the two are on equal ground in terms of strategy. Furthermore, by partnering with Cantor Fitzgerald & Co. on a Controlled Equity Offering, SMLR has fortified its fundraising efforts. Also, a common stock offering in the market may be conducted by the firm…
Filed under: News - @ December 16, 2024 8:18 pm