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Crypto

Semler Scientific Is Relentlessly Buying More Bitcoin

December 6, 2024
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Semler scientific buying bitcoin
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SMLR
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Semler Scientific has undergone a rapid transformation from a healthcare company to one of the largest owners of Bitcoin. And they aren’t showing any signs of slowing down, either.

‍What’s happening:‍

  • Semler Scientific (NASDAQ: SMLR) has announced they have recently purchased another $29M USD of Bitcoin to hold directly as an asset

By the numbers:‍

  • Semler Scientific now holds 1,873 Bitcoin directly as an asset
  • Semler Scientific has also announced another $50M USD at-the-market equity financing to fund the future purchases of more Bitcoin

Why it matters:‍

Going deeper:‍

Market reaction:‍

  • Shares of Semler Scientific are now up more than +110% since they made their first ever purchase of Bitcoin

‍

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