Semler Scientific, a listed company, spent $50 million to increase its holdings of 455 bitcoins in the past two weeks

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PANews
05-23
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PANews reported on May 23 that medical technology company Semler Scientific (Nasdaq: SMLR) disclosed in its latest 8-K filing that between May 13 and 22, it purchased 455 bitcoins at an average price of $109,801 per bitcoin, using $50 million. As of May 22, the company holds a total of 4,264 bitcoins, with a total cost of $390 million and an average holding cost of $91,471 per bitcoin.

The document shows that the company has raised $114.8 million through an ATM equity program, with part of the funds used for bitcoin investment. The company's official website has opened a bitcoin holdings dashboard, disclosing key indicators including "Bitcoin yield" (YTD 25.8%). The funds for this bitcoin purchase came from a previous stock issuance agreement with six investment banks, including Barclays.

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