Semler Scientific Shares Rise on Embrace of Bitcoin Treasury Strategy [BNN Bloomberg (Canada)]
Semler Scientific, Inc. (SMLR)
Last semler scientific, inc. earnings: 3/3 04:01 pm
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US:NASDAQ Investor Relations:
ir.semlerscientific.com
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Source: BNN Bloomberg
Shares of the San Jose, California-based firm jumped as much 36% to $31.61, raising its market value to around $220 million. Prior to Tuesday's rally, the stock had slumped almost 50% so far this year. In a statement, Semler Scientific said it purchased 581 Bitcoin for an aggregate amount of $40 million, inclusive of fees and expenses. “Our Bitcoin treasury strategy and purchase of Bitcoin underscore our belief that Bitcoin is a reliable store of value and a compelling investment,” said Eric Semler, chairman of the company, and head of TCS Capital Management. “We believe it has unique characteristics as a scarce and finite asset that can serve as a reasonable inflation hedge and safe haven amid global instability. We also believe its digital, architectural resilience makes it preferable to gold, which has a market value of approximately 10 times that of Bitcoin.” MicroStrategy co-founder and Chairman Michael Saylor had the enterprise software maker start buying the volatile crypt
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News
- Bitcoin: Time to Buy the Dip? [Yahoo! Finance]Yahoo! Finance
- First Mover Americas: Bitcoin Futures Positions Top Record $37B as Analysts Predict Bitcoin Surge to $83K [Yahoo! Finance]Yahoo! Finance
- Medical Device Maker Semler Scientific Buys $17 Million More Bitcoin and Is Raising Money to Purchase More [Yahoo! Finance]Yahoo! Finance
- Semler Scientific® Announces Additional Bitcoin PurchasesPR Newswire
- Is Now The Time To Put Semler Scientific (NASDAQ:SMLR) On Your Watchlist? [Yahoo! Finance]Yahoo! Finance
SMLR
Analyst Actions
- 5/14/24 - Lake Street Capital
SMLR
Sec Filings
- 6/6/24 - Form S-3
- 6/6/24 - Form 8-K
- 5/29/24 - Form 4
- SMLR's page on the SEC website