TechFlow news, May 24 — According to Decrypt, Nasdaq-listed medical technology company Semler Scientific recently announced another $50 million purchase of bitcoin, increasing its total holdings to 4,264 bitcoins, worth approximately $466 million at current prices.
Meanwhile, U.S. law firm Bragar Eagel & Squire is investigating whether the company has violated federal securities laws or engaged in other unlawful business practices, and is urging shareholders who have suffered losses to contact its attorneys.
In February this year, Semler Scientific disclosed that the U.S. Department of Justice may initiate legal proceedings against its business. The DOJ has been conducting a civil investigation into the company's reimbursement claims since 2017, issuing multiple follow-up requests in 2019, 2021, 2022, and 2023. Recent attempts at settlement between both parties have failed.
