Semler Scientific Added 47 Bitcoins to Holdings, Bringing Stack to 1,058 Tokens

Medical device company Semler Scientific (SMLR) disclosed modest additional bitcoin (BTC) purchases alongside its third quarter earnings results Monday evening.

The firm as of Nov. 4 holds 1,058 bitcoins, having purchased 47 BTC for $3 million since its most previous disclosure in late August. In total, Semler has spent $71 million on its bitcoin buys and those 1,058 tokens are worth roughly $71.4 million at bitcoin’s current price of $67,500.

“We are capitalizing on the opportunity to maximize stakeholder value by accumulating bitcoin,” said Eric Semler, chairman of Semler Scientific. “We plan to continue to purchase bitcoin with cash from operations and with cash proceeds from our sales under our ATM program. In addition, we are exploring additional financing opportunities that will enable us to acquire even more bitcoin.”

The company’s $50 million at-the-market stock sale program became effecting on Aug. 13 and since then Semler has sold 86,734 shares, raising about $2.5 million.

İlginizi Çekebilir:Gold Soars, Tech Futures Tumble as U.S. Hits China With Higher Tariffs
share Paylaş facebook pinterest whatsapp x print

Benzer İçerikler

Powell Likely to Wait Until Trump Blinks, ‘Dr. Doom’ Roubini Says
Dogecoin Rises 62% This Week—2020 Pattern Suggest DOGE Could Rocket Even Higher: Godbole
Bybit CEO Labels Pi Network a Scam, Citing Official Police Warning
Bitdeer Q4 Loss Widens to $532M as Miner Focuses on ASIC Development for 2025 Growth
Memecoin Craze Is ‘Unquestionably Over’ as Crypto Heads Towards Maturation, Nic Carter Says
RUNE Plunges 30% as THORChain Pauses Bitcoin, Ether Withdrawals
Bahis Haberleri | © 2024 |
404 Not Found

404

Not Found

The resource requested could not be found on this server!


Proudly powered by LiteSpeed Web Server

Please be advised that LiteSpeed Technologies Inc. is not a web hosting company and, as such, has no control over content found on this site.