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
“Our bitcoin treasury technique and buy of bitcoin underscore our perception that bitcoin is a dependable retailer of worth and a compelling funding,” stated
“Moreover, we’re energized by the rising world acceptance and ‘institutionalization’ of bitcoin — mirrored most lately by the Securities and Alternate Fee’s
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
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
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.