📣 Semler Scientific Acquires 47 BTC, Now Holds 1,058 BTC
posted 3 hr ago
On November 4, 2024, Semler Scientific—a leader in developing and marketing technology solutions for healthcare providers managing chronic conditions—announced its Q3 financial results.
“We are capitalizing on the opportunity to maximize stakeholder value by accumulating bitcoin,” said Eric Semler, chairman of Semler Scientific.
According to Semler, the company plans to continue acquiring BTC using funds from operating income and proceeds from its ATM (At-the-Market) program. Additionally, Semler Scientific is exploring other funding options to facilitate further BTC purchases.
*Semler Scientific’s ATM program—allowing the company to sell shares on the stock market—was launched on August 13, 2024. Under this program, the company can sell up to $50 million in common stock. As of September 30, Semler Scientific had raised $2.5 million from the sale of 86,734 shares.
Semler Scientific is traded on NASDAQ under the ticker SMLR. Over the past month, as the company has increased its commitment to a Bitcoin-focused strategy, its stock price has risen by 18%.
The company also shared details of its recent BTC purchases that were to its treasury.
“BITCOIN HOLDINGS” section from Semler Scientific’s Q3 2024 financial report. Source: prnewswire.com
Between July 1 and September 30, 2024, Semler Scientific acquired 47 BTC, valued at approximately $3 million. This brings the company’s total Bitcoin holdings to 1,058 BTC (around $71 million).
“We are capitalizing on the opportunity to maximize stakeholder value by accumulating bitcoin,” said Eric Semler, chairman of Semler Scientific.
According to Semler, the company plans to continue acquiring BTC using funds from operating income and proceeds from its ATM (At-the-Market) program. Additionally, Semler Scientific is exploring other funding options to facilitate further BTC purchases.
*Semler Scientific’s ATM program—allowing the company to sell shares on the stock market—was launched on August 13, 2024. Under this program, the company can sell up to $50 million in common stock. As of September 30, Semler Scientific had raised $2.5 million from the sale of 86,734 shares.
Semler Scientific is traded on NASDAQ under the ticker SMLR. Over the past month, as the company has increased its commitment to a Bitcoin-focused strategy, its stock price has risen by 18%.
For comparison, Alphabet (Google) shares rose by 3.8% over the same period.
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