Medical device company Semler Scientific increases its BTC holdings by 47 to a total of 1,058 BTC in Q3

Odaily Planet Daily News Medical device company Semler Scientific (SMLR) announced its Q3 financial report. As of November 4, the company holds 1,058 BTC, having increased its holdings by 47 BTC at a price of $3 million since its last purchase disclosed at the end of August. Overall, Semler has spent $71 million to purchase BTC, and at the current price of $67,500, its BTC holdings are currently valued at approximately $71.4 million. Semler Scientific Chairman Eric Semler stated: 'We are seizing the opportunity to maximize shareholder value by increasing our Bitcoin holdings. We plan to continue purchasing Bitcoin with operating cash and cash proceeds from our ATM project sales. Additionally, we are exploring other financing opportunities so we can acquire more Bitcoin.' Furthermore, the company’s plan to sell stock at market value worth $50 million became effective on August 13, and since then, Semler has sold 86,734 shares, raising approximately $2.5 million. (CoinDesk)