SMLR - Semler Scientific +28% After Adopting Bitcoin As Primary Treasury Reserve Asset: What's Going On? | Benzinga
Semler Scientific, Inc. (NASDAQ:SMLR) shares are trading higher on Tuesday after the company announced that its board of directors adopted bitcoin as its primary treasury reserve asset.
In addition, Semler Scientific announced that it had purchased 581 bitcoins for an aggregate amount of $40 million, inclusive of fees and expenses.
Bitcoin will serve as the primary treasury holding on an ongoing basis, pending market conditions and Semler Scientific’s anticipated cash requirements.
“Bitcoin is now a major asset class with more than $1 trillion of market value. We ...