Semler Scientific Pushes Bitcoin Stack to Over 3,300 BTC With $10M Buy

Markets, Semler scientific, Bitcoin, News The medical device maker now holds a total of 3,303 bitcoin. 

Semler Scientific (SMLR) bought an additional 111 bitcoin (BTC) 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.

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.

 CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Read More

More From Author

Blockchain needs regulation, scalability to close AI hiring gap

Shiba Inu Breaks Free From Downtrend as Bitcoin Eyes $100K, Dogecoin Sees Accumulation Around 18 Cents

Leave a Reply

Your email address will not be published. Required fields are marked *