Fast Take
On Might 28, Semler Scientific unveiled its Bitcoin treasury technique, following the trail of firms like MicroStrategy and Metaplanet. This announcement has had a constructive influence on Semler’s inventory, which has surged by 10%, contrasting with MicroStrategy’s slight decline of over 2% and Bitcoin’s modest 2% rise since Might 27. Earlier than the announcement, Semler Scientific’s shares have been buying and selling at roughly $23 and have since climbed to $32.
On June 6, Semler Scientific reported it had made further Bitcoin purchases, buying 247 Bitcoins for a complete of $17 million, together with charges and bills. As of June 10, 2024, Semler holds a complete of 828 Bitcoins, purchased for an mixture sum of $57 million, together with all related prices.
Doug Murphy-Chutorian, MD, the CEO of Semler Scientific, emphasised the corporate’s twin concentrate on increasing its healthcare enterprise and investing in Bitcoin.
“The corporate now holds 828 Bitcoins, underscoring our view that Bitcoin is a compelling funding and might function a dependable retailer of worth. We’ll proceed to pursue our technique of buying Bitcoins with money.”
Semler Sceintific is up 2.5% pre-market.
