Semler Scientific expands the Bitcoin portfolio
The post Semler Scientific expands the Bitcoin portfolio appeared on BitcoinEthereumNews.com. Semler Scientific has recently increased its exposure in Bitcoin by purchasing an additional 165 units for a total value of 15.7 million dollars. This acquisition brings the total amount of Bitcoin owned by the company to 3,467 BTC, with a market value exceeding 330 million dollars. The technology company operating in the healthcare sector financed the purchase thanks to the proceeds from its “at-the-market” (ATM) stock offering program, which allows for the gradual sale of common shares on the open market. This method has allowed Semler Scientific to raise funds in a flexible and rapid manner, optimizing the resources allocated for the purchase of cryptocurrencies. Semler Scientific increases its position in Bitcoin Within the ATM program, active from April 2024, Semler Scientific sold between April 25 and 29 approximately 559,000 common shares, obtaining a net income of approximately 19.5 million dollars after commissions. These funds have fueled the purchase of new Bitcoin, thus strengthening the investment in cryptocurrencies without burdening the company’s ordinary operations. As of today, Semler Scientific has spent a total of 306.1 million dollars to accumulate these 3,467 Bitcoin. Purchasing them at an average price of about 88,263 dollars per unit. The current valuation of their Bitcoin reserves, given the recent market growth, is therefore around 330.6 million dollars, offering a remarkable return over the course of the year. Semler Scientific has recorded a positive return on its investments in Bitcoin with an increase of 23.8% since the beginning of 2024. This data highlights how the company is not only adopting Bitcoin as a store of value but is also significantly benefiting from the growth and appreciation of the cryptocurrency market. From May 2024, Semler Scientific has stood out by becoming the second U.S. public company to choose Bitcoin as the primary cash reserve asset. This innovative…

The post Semler Scientific expands the Bitcoin portfolio appeared on BitcoinEthereumNews.com.
Semler Scientific has recently increased its exposure in Bitcoin by purchasing an additional 165 units for a total value of 15.7 million dollars. This acquisition brings the total amount of Bitcoin owned by the company to 3,467 BTC, with a market value exceeding 330 million dollars. The technology company operating in the healthcare sector financed the purchase thanks to the proceeds from its “at-the-market” (ATM) stock offering program, which allows for the gradual sale of common shares on the open market. This method has allowed Semler Scientific to raise funds in a flexible and rapid manner, optimizing the resources allocated for the purchase of cryptocurrencies. Semler Scientific increases its position in Bitcoin Within the ATM program, active from April 2024, Semler Scientific sold between April 25 and 29 approximately 559,000 common shares, obtaining a net income of approximately 19.5 million dollars after commissions. These funds have fueled the purchase of new Bitcoin, thus strengthening the investment in cryptocurrencies without burdening the company’s ordinary operations. As of today, Semler Scientific has spent a total of 306.1 million dollars to accumulate these 3,467 Bitcoin. Purchasing them at an average price of about 88,263 dollars per unit. The current valuation of their Bitcoin reserves, given the recent market growth, is therefore around 330.6 million dollars, offering a remarkable return over the course of the year. Semler Scientific has recorded a positive return on its investments in Bitcoin with an increase of 23.8% since the beginning of 2024. This data highlights how the company is not only adopting Bitcoin as a store of value but is also significantly benefiting from the growth and appreciation of the cryptocurrency market. From May 2024, Semler Scientific has stood out by becoming the second U.S. public company to choose Bitcoin as the primary cash reserve asset. This innovative…
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