30s Summary

Medical device firm Semler Scientific has bought an additional 47 Bitcoin, bringing its total holdings to 1,058 BTC, worth around $71.4 million. The latest purchases, disclosed as part of its third quarter results, cost $3 million. Semler chairman Eric Semler said the company would continue to buy Bitcoin, funded by cash from operations and ATM program sales, and was considering additional financing opportunities to acquire more. The company has also raised $2.5 million from selling 86,734 shares in a “at the market” sale initiative.

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Semler Scientific, a medical device company, has made some additional modest Bitcoin purchases. The company made this disclosure as part of its third quarter earnings results announced on Monday evening.

As of November 4, Semler Medical claims to hold 1,058 Bitcoin, which amounts to a further 47 BTC purchases worth $3 million since its previous public announcement in late August. So far, Semler has spent a whopping $71 million to buy Bitcoin, and these 1,058 Bitcoin have a current market value of approximately $71.4 million, going by the Bitcoin price that hovers around $67,500.

“We are seizing the opportunity to create the maximum value for our stakeholders by accumulating bitcoin,” stated Eric Semler, the chairman of Semler Scientific. He continued, “We are planning keep on buying Bitcoin with the cash from our operations in addition to the cash earnings from our ATM program sales. Furthermore, we are looking into more financing opportunities that will enable us to buy even more Bitcoin.”

In addition to these Bitcoin investments, Semler has been executing a $50 million public sale of shares under an “at-the-market” sale program. This program was initiated on August 13, and since then Semler has succeeded in selling 86,734 shares and has raised an estimated total of $2.5 million.