2024-07-26 09:48:28 ET
Summary
- Semler Scientific acquired 828 BTC for $57 million, spending 90% of their cash reserves on Bitcoin purchases.
- Market has responded positively to the Bitcoin treasury strategy.
- SMLR's quant metrics are strong, and the QuantaFlo product has a moat.
- There is strong potential for increasing BTC per share and accreting value.
Semler Scientific ( SMLR ) first announced its Bitcoin ( BTC-USD ) treasury strategy on 28 May 2024 and purchased 581 BTC for $40 million. A few days later, on 6 June, it announced an additional purchase of 247 BTC for an aggregate of $17 million. Altogether, SMLR has 828 BTC, acquired for $57 million....
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For further details see:
Semler Scientific's Bitcoin: The Next MicroStrategy?