Semler Scientific aims to utilize proceeds from its 75 million USD offering to enhance its Bitcoin portfolio, currently showing an unrealized gain of about 29 million USD. This strategy has positively influenced its stock, which increased by nearly 38% in the past year.
Despite recent fluctuations, Semler’s stock experienced a decline of around 1.55% on January 23 and dropped over 12% in after-hours trading. This volatility follows its announcement about increasing Bitcoin acquisitions, with shares trading approximately at 53.75 USD.