Semler Scientific (SMLR) has added to its growing Bitcoin reserves, acquiring 111 more BTC at an average price of $90,124, the company revealed in a press release. The purchase was funded using proceeds from an at-the-market offering along with existing cash.
Following the latest acquisition, the medical device maker’s total Bitcoin holdings now stand at 3,303 BTC, with a cumulative investment of about $290.4 million.
Despite the expansion of its Bitcoin strategy, Semler reported a decline in its year-to-date bitcoin yield — a measure comparing bitcoin holdings to fully diluted shares — falling to 23.5% from 152.2% recorded in February.
Meanwhile, the company’s stock performance continues to face headwinds, with shares down 36.92% since the start of the year.
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