Publicly Traded Semler Scientific Buys More Bitcoin as Law Firm Targets Company

Semler Scientific Buys Additional 455 BTC, Now Holds Over $474M in Bitcoin

The purchase was funded through the company’s $500 million at-the-market offering program, bringing Semler’s total Bitcoin holdings to 4,264 BTC as of May 22. The company now holds Bitcoin acquired at an average purchase price of $91,471 per BTC, totaling $390 million in cost basis. At current market prices, the holdings are worth approximately $474.4 million. Semler’s average purchase price for the most recent 455 BTC came in at $109,801 per co…

Publicly Traded Semler Scientific Buys More Bitcoin as Law Firm Targets Company - WorldNL Magazine

In brief A law firm has opened up an investigation into Semler Scientific's compliance with securities laws and other business practices. Bragar Eagel & Squire urged Semler's shareholders who have "suffered losses" to contact its lawyers. Semler disclosed another $50 million Bitcoin buy this week, bringing its BTC stash to $466 million worth. A U.S. law firm is considering potential legal claims against Nasdaq-listed healthcare technology firm S…

Publicly Traded Semler Scientific Buys More Bitcoin as Law Firm Targets Company

The Nasdaq-listed Semler Scientific now holds $466 million worth of Bitcoin, but is facing an investigation from a law firm.

Key points of the news: Semler Scientific purchased 455 BTC with $114.8 million of a share issue and formalized Bitcoin as its main value reserve. The medical firm has losses of $64.7 million in Q1 and carries $41.8 million in unrealized losses from its previous purchases of BTC. Natalie Brunell joined the board of directors and will lead the new Bitcoin Strategy Committee, charged with defining future crypto transactions. Semler Scientific surp…