Semler Scientific (SMLR) added to its bitcoin (BTC) holdings last week.
The company acquired 167 BTC for $16.2 million, or an average price of about $97,000 each, according to a Monday morning SEC filing.
The purchases appeared to be mostly or totally funded via sales of common stock, with the company disclosing it’s sold 1.166 million shares for $39.8 million under its April 15 at-the-market offering (SMLR previously disclosed bitcoin purchases on April 25 and April 30).
Semler now holds 3,634 bitcoin acquired for $322.3 million, or an average price of $88,668 each. At bitcoin’s current price around $94,000, the holdings are worth more than $340 million.