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Semler Scientific Adds 165 Additional Bitcoins, Now Valued at Over $330 Million BTC

Semler Scientific CEO Eric Semler announced on April 30 via X that the company had acquired an additional 165 Bitcoins for $15.7 million.

The latest purchase brings the company's total Bitcoin (BTC) holdings to 3,467 BTC, now valued at $330.6 million.

The acquisition was funded with proceeds from Semler's current $500 million stock market offering. Between April 25 and 29, the company sold 559,000 shares, raising approximately $19.5 million.

The average purchase price of the new Bitcoin was $94,931 per coin, while the company's total base cost averaged $88,263 per Bitcoin

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Smeller Scientific began accumulating Bitcoin in May 2024, declaring it its primary treasury reserve asset. Initial purchases included 581 Bitcoin in May, 247 Bitcoin in July, and another 247 Bitcoin in August