Semler Scientific Pronounces Bitcoin Treasury Technique

Semler Scientific (NASDAQ:), Inc. (Nasdaq: SMLR) introduced right now that its board of administrators has adopted bitcoin as its main treasury reserve asset. As well as, Semler Scientific introduced that it has bought 581 bitcoins for an mixture quantity of $40 million, inclusive of charges and bills.

“Our bitcoin treasury technique and buy of bitcoin underscore our perception that bitcoin is a dependable retailer of worth and a compelling funding,” stated Eric Semler, Semler Scientific’s chairman. “Bitcoin is now a significant asset class with greater than $1 trillion of market worth. We consider it has distinctive traits as a scarce and finite asset that may function an affordable inflation hedge and protected haven amid world instability. We additionally consider its digital, architectural resilience makes it preferable to gold, which has a market worth of roughly 10 instances that of bitcoin. Given the hole in worth between gold and bitcoin, we consider that bitcoin has the potential to generate outsize returns because it beneficial properties growing acceptance as digital gold.

“Moreover, we’re energized by the rising world acceptance and ‘institutionalization’ of bitcoin — mirrored most lately by the Securities and Alternate Fee’s January 2024 approval of 11 bitcoin exchange-traded funds. These funds have reported greater than $13 billion of web inflows, with investments from practically 1,000 establishments, together with world banks, pensions, endowments and registered funding advisors. It’s estimated that greater than 10% of all bitcoins are actually held by establishments,” added Mr. Semler.

Semler Scientific’s board and senior administration have spent substantial time analyzing potential makes use of of money, together with acquisitions. “After learning varied options, we determined that holding bitcoin can be the perfect use of our extra money,” stated Mr. Semler.

Along side its bitcoin treasury technique, Semler Scientific will proceed to deal with its core medical services. “We stay devoted to our clients and our purpose of working a rising and worthwhile healthcare firm,” stated Doug Murphy-Chutorian, MD, Semler Scientific’s chief govt officer. “We’re centered on sustaining gross sales of QuantaFlo® for peripheral arterial illness testing, whereas in search of a brand new 510(okay) clearance from the FDA with expanded labeling to be used as an help within the prognosis of different cardiovascular ailments.”

As Semler Scientific continues to generate income and free money stream from gross sales of QuantaFlo, it can proactively consider its use of extra money. Bitcoin will function Semler Scientific’s principal treasury holding on an ongoing foundation, topic to market circumstances and the anticipated money wants of Semler Scientific.

Extra data relating to Semler Scientific’s bitcoin treasury technique will likely be posted on its web site at www.semlerscientific.com.