Semler Scientific, Inc. Makes Bold Move by Adding Bitcoin to Treasury
In a strategic move reminiscent of MicroStrategy, Semler Scientific, Inc. (Nasdaq: SMLR), a medical software company, announced the purchase of 581 bitcoins for approximately $40 million as part of its “bitcoin treasury strategy.”
Chairman Eric Semler expressed admiration for MicroStrategy’s successful transition of cash into a growth asset through bitcoin purchases. However, Semler emphasized the importance of maintaining the company’s core mission of producing high-quality medical software while integrating bitcoin into its treasury.
Semler highlighted the philosophical merit of bitcoin as an alternative to gold, citing its perfect scarcity, technical durability, and architectural resilience. He noted the growing acceptance of bitcoin among millennials and the asset’s potential for growth compared to gold.
The decision to invest in bitcoin was driven by Semler Scientific’s excess cash and the desire to differentiate itself in the market. The move has already had a positive impact on the company’s stock, which has seen a 50% increase since the announcement.
As Semler Scientific continues to navigate the intersection of technology and finance, its foray into the world of bitcoin may prove to be a strategic and lucrative decision in the long run.
