Semler Scientific Invests $50 Million in Bitcoin, Boosting Holdings to $474 Million

Medical device company Semler Scientific made a significant investment, purchasing $50 million worth of Bitcoin between May 13 and May 22. This move brings the total value of their Bitcoin holdings to $474.4 million, placing them within the top 13 companies managing Bitcoin reserves globally. Semler acquired a total of 455 BTC units at an average price of $109,801, using proceeds from an equity offering program. To date, they have sold approximately 3 million shares for $115 million in net proceeds.