A health technology company listed on Nasdaq Semler Scientific, for 3 million dollars 47 BTC By buying more Bitcoin increased its holdings, bringing its total assets to 1,058 BTC.
Healthcare Company Semler Scientific Increases Bitcoin Assets to 1,058 BTC with Latest $3 Million Purchase
The company announced this acquisition alongside its third-quarter earnings results, underscoring its commitment to Bitcoin as a core treasury asset.
CEO Doug Murphy-Chutorian reiterated Semler’s strategy of both accumulating Bitcoin and encouraging innovation in the healthcare business.
“We continue to focus on acquiring and holding Bitcoin while supporting growth in our healthcare industry,” Murphy-Chutorian said. The company has continually added to its Bitcoin reserves, with 141 BTC purchased for $8.4 million in the third quarter alone.
Semler’s approach mirrors that of software giant MicroStrategy, the largest publicly traded institutional holder of Bitcoin, as Semler leverages Bitcoin to maximize stakeholder value.
According to Chairman Eric Semler, the firm plans to continue its Bitcoin purchases with operational cash flow and sales proceeds from its sales-at-market (ATM) program, which went into effect on August 13 and allows the sale of up to $50 million in stock.
As of September 30, Semler had raised $2.5 million through the sale of 86,734 shares under this program.
The company’s Q3 financial statements showed a slight net income increase of $13.5 million to $5.6 million, marking a 17% decrease from the previous year.
Following the announcement, Semler’s shares fell 2.3% during regular trading hours but rose 3.4% in after-hours trading.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/microstrategye-sirketine-rakip-cikti-saglik-teknolojisi-sirketi-bitcoin-almaya-devam-ediyor/
