Earlier Reported, Semler Scientific Adopts Bitcoin As Its Primary Treasury Reserve Asset; Purchased 581 Bitcoins For An Aggregate Amount Of $40M, Inclusive Of Fees And Expenses
Portfolio Pulse from Benzinga Newsdesk
Semler Scientific, Inc. (NASDAQ:SMLR) has adopted Bitcoin as its primary treasury reserve asset and purchased 581 Bitcoins for $40 million, including fees and expenses.
May 28, 2024 | 2:38 pm
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Semler Scientific has adopted Bitcoin as its primary treasury reserve asset and purchased 581 Bitcoins for $40 million. This move indicates a significant shift in the company's asset management strategy.
The adoption of Bitcoin as a primary treasury reserve asset and the purchase of 581 Bitcoins for $40 million is a significant strategic move for Semler Scientific. This could attract investors interested in cryptocurrency and signal a forward-thinking approach, potentially boosting the stock price in the short term.
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