What's Going On With Semler Scientific Stock Monday?

Semler Scientific Inc SMLR shares are trading higher Monday. The company launched an offering and provided an update on its Bitcoin BTC/USD holdings.

What Happened: Semler Scientific announced that it acquired 297 Bitcoin for $29.1 million in cash between Nov. 18 and Nov. 22. The company made the purchases at an average price of $97,995 per Bitcoin.

As of Friday, Semler held a total of 1,570 Bitcoin, acquired for an aggregate of $117.8 million.

Semler Scientific entered into a Controlled Equity Offering Sales Agreement with Cantor Fitzgerald in August, under which Semler may offer and sell its common stock in an at-the-market offering from time to time.

The company filed a prospectus supplement on Monday to offer an additional $50 million of shares under its existing offering with Cantor, bringing the total offering amount up to $100 million.

Several crypto-related stocks have rallied in recent weeks as Bitcoin prices have climbed to new all-time highs just below the $100,000 level. Bitcoin was up 0.24% over a 24-hour period, trading at $97,700 at the time of publication, according to Benzinga Pro.

See Also: Crypto Analyst: Bitcoin Poised To Skyrocket To $180K and ‘Eventually’ Top $1M

SMLR Price Action: Semler Scientific shares were up 5.11% at $66.90 at the time of publication, according to Benzinga Pro.

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