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Semler in the US has purchased an additional 455 Bitcoin.
On Friday, Semler Scientific, a medical technology and software company listed on the Nasdaq, announced that it had purchased an additional 455 BTC of Bitcoin (BTC) for $50 million. The company’s total holdings now amount to 4,264 BTC, reaching a value of approximately $460 million at the current price.
On the other hand, the law firm Bragar Eagel & Squire announced on the 22nd that it is investigating the possibility that Semlar Inc. may have been involved in violations of federal securities laws and other illegal activities. The law firm is urging shareholders to reach out regarding the investigation.
Semler revealed in February that the U.S. Department of Justice may file a legal complaint against the company. The Department of Justice has been conducting a civil investigation related to the company’s medical device “QuantaFlo” since 2017 and has made multiple additional requests from 2019 to 2023.
Both parties recently attempted to reach a settlement but were unsuccessful, and legal issues are still ongoing. The company’s stock price closed at $44.32, down 1.36% from the previous day.