Semler Scientific, Inc. Makes Bold Move by Adding Bitcoin to Treasury Reserves
Semler Scientific, Inc. (Nasdaq: SMLR), a leading healthcare solutions provider, has made a significant shift in its treasury strategy by adopting Bitcoin as its primary reserve asset. The company’s board of directors recently announced the purchase of 581 Bitcoins for a total of $40 million, including fees and expenses.
Chairman Eric Semler expressed the company’s confidence in Bitcoin as a reliable store of value and a compelling investment. With Bitcoin’s market value surpassing $1 trillion, Semler Scientific sees the cryptocurrency as a valuable asset class with unique characteristics that make it an attractive inflation hedge and safe haven in times of global uncertainty.
Despite this financial move, Semler Scientific remains dedicated to its core mission of delivering innovative healthcare technologies to combat chronic diseases and improve patient outcomes. The company will continue to focus on its flagship product, QuantaFlo®, while seeking FDA clearance for additional cardiovascular conditions.
Mr. Semler also highlighted the growing institutional acceptance of Bitcoin, citing the SEC’s approval of 11 Bitcoin exchange-traded funds in January 2024. These funds have attracted significant investments from institutions worldwide, signaling a shift towards mainstream adoption of the cryptocurrency.
Semler Scientific’s decision to hold Bitcoin in its treasury reflects a strategic use of excess cash. The company’s board and senior management believe that Bitcoin offers the best long-term value compared to other investment options.
For more information on Semler Scientific and their latest developments, visit their website.
