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Semler Scientific Adds $16.2 Million of Bitcoin as It Ramps Up BTC Buying Spree

By: NewsFeed

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In brief

-Semler Scientific bought 167 Bitcoins worth $16.2 million between April 30 and May 2. 
-The purchase marks its third Bitcoin buy worth more than $10 million in 10 days. 
-The company, which began buying Bitcoin last year, is ramping up its strategy to amass tokens for its BTC treasury. 

Semler Scientific snapped up 167 Bitcoins worth $16.2 million between April 30 and May 2, bringing the number of tokens in its BTC treasury to 3,634, according to the firm’s regulatory disclosure filed on Monday. 

The medical device firm’s Bitcoin treasury is worth $342 million based on Bitcoin’s price of $94,286 as of the time of writing, according to crypto data provider CoinGecko. 

Semler Scientific stock is trading at $34.10, down 5% over the past day. However, the stock’s value has grown roughly 23% since the company started buying Bitcoin last year.  

The company acquired 167 Bitcoins at an average purchase price of $97,093…

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