Medical device company Semler Scientific increased its holdings by 47 BTC in Q3, bringing its holdings to 1,058 BTC

Odaily News Medical device company Semler Scientific (SMLR) released its Q3 financial report. As of November 4, the company held 1,058 BTC, and since the last purchase was disclosed in late August, the company has increased its holdings by 47 BTC at a price of $3 million. In total, Semler has spent $71 million on BTC, and its BTC holdings are currently worth approximately $71.4 million at the current price of $67,500. Eric Semler, chairman of Semler Scientific, said: "We are seizing the opportunity to maximize shareholder value by increasing our holdings of Bitcoin. We plan to continue to purchase Bitcoin with operating cash and cash proceeds from ATM project sales. In addition, we are exploring other financing opportunities so that we can purchase more Bitcoin." In addition, the company's $50 million stock sale at market price plan took effect on August 13, and since then, Semler has sold 86,734 shares and raised approximately $2.5 million. (CoinDesk)