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Semler Scientific Pushes Bitcoin Stack to Over 3,300 BTC With $10M Buy
The medical device maker now holds a total of 3,303 bitcoin.
What to know:
- Medical device maker Semler Scientific has purchased another 111 bitcoin for an average purchase price of $90,124.
- The company now holds 3,303 BTC on its balance sheet.
In this article
Semler Scientific (SMLR) bought an additional 111 bitcoin
for an average purchase price of $90,124, using proceeds from at-the-market offering and cash on hand, it announced in a press release.This brings the medical device maker’s total bitcoin holdings to 3,303 BTC, which were purchased at a total cost of $290.4 million.
STORY CONTINUES BELOW
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Semler said its year-to-date bitcoin yield — the percentage change in the ratio of its bitcoin holdings to its full-diluted shares outstanding over a given period — was 23.5%, down from 152.2% in February.
Shares of the company are down 36.92% since the beginning of the year.
Helene Braun
Helene is a New York-based markets reporter at CoinDesk, covering the latest news from Wall Street, the rise of the spot bitcoin exchange-traded funds and updates on crypto markets. She is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
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