Semler Scientific, a US medical technology company that previously spent $40 million (including fees and expenses) to purchase 581 bitcoins, announced on Thursday that it will further increase its cash holdings by $17 million to acquire an additional 247 bitcoins.
According to a press release issued by the company, as of June 6, 2024, Semler Scientific holds a total of 828 bitcoins, acquired at a total cost of $57 million, including fees and expenses. The average cost per bitcoin is approximately $68,840. Doug Murphy-Chutorian, CEO of Semler Scientific, stated:
Furthermore, according to an S-3 filing submitted to the US Securities and Exchange Commission by the company, Semler Scientific has indicated plans to raise an additional $150 million through corporate debt, with a portion of the funds raised to be used for the purchase of more bitcoins. The filing specifically emphasizes that the company does not intend to purchase any other type of cryptocurrency. The document states:
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