Semler Scientific Increases Bitcoin Reserves by 871 BTC

by A1

2 hours ago

Semler Scientific continues to expand its Bitcoin holdings, acquiring an additional 871 BTC for $88.5 million.

Reserve Expansion

Semler Scientific acquired 871 BTC between January 11 and February 3. This purchase was funded through proceeds from a senior convertible notes offering and the partial monetization of its stake in Monarch Medical Technologies.

Convertible Senior Notes

The company previously announced a $75 million private offering of convertible senior notes to institutional buyers. The proceeds from this offering are intended for Bitcoin purchases.

Company Strategy

Semler is focused on acquiring and maintaining Bitcoin. Chairman Eric Semler highlighted strong investor demand for the firm's convertible notes and the company's commitment to increasing its Bitcoin stockpile.

Semler Scientific is actively building its financial strategies around Bitcoin, enhancing its reserves and attracting investors into the crypto sector.

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