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
bitcoin,
having
purchased
47
BTC
for
$3
million
since
its
most
previous
acquisition
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.”
