Semler Scientific (SMLR) added to its bitcoin (BTC) holdings last week.
The company acquired 167 BTC for $16.2 million, or an average price of about $97,000 each, according to a Monday morning SEC filing.
The purchases appeared to be mostly or totally funded via sales of common stock, with the company disclosing it’s sold 1.166 million shares for $39.8 million under its April 15 at-the-market offering (SMLR previously disclosed bitcoin purchases on April 25 and April 30).
Semler now holds 3,634 bitcoin acquired for $322.3 million, or an average price of $88,668 each. At bitcoin’s current price around $94,000, the holdings are worth more than $340 million.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Bitcoin Magazine Bitcoin Exchange Inflows Spike to 49,000 BTC in a Day, Signaling More Volatility…
Bitcoin Magazine Wavespace Launches MiCA-Compliant Self-Custodial Bitcoin Debit Card Powered by Lightning and NWC Wavespace,…
For readers tracking where the market is actually changing, this is the part that matters.…
The headline number is useful, but the real story is what it says about positioning.…
Miners must redirect their hashrate before the July 31 cutoff, as the pool will stop…
The Nasdaq-listed Korean media company once lined up $1 billion in financing to buy 10,000…