Fast Take

Semler Scientific (NASDAQ: SMLR), a number one developer and marketer of know-how services and products for combating persistent illnesses, has unveiled the acquisition of 581 Bitcoins for a complete of $40 million, together with charges and bills. This daring determination emphasizes Semler Scientific’s confidence in Bitcoin as a dependable retailer of worth and a beautiful funding alternative.

Eric Semler, Chairman of Semler Scientific, articulated the corporate’s new path:

“Our bitcoin treasury strategy and purchase of bitcoin underscore our belief that bitcoin is a reliable store of value and a compelling investment.”

Semler additionally alluded to Bitcoin being an inflation hedge and protected haven asset and in contrast Bitcoin to gold:

“We believe it has unique characteristics as a scarce and finite asset that can serve as a reasonable inflation hedge and safe haven amid global instability. We also believe its digital, architectural resilience makes it preferable to gold, which has a market value of approximately 10 times that of bitcoin. Given the gap in value between gold and bitcoin, we believe that bitcoin has the potential to generate outsize returns as it gains increasing acceptance as digital gold”.

Semler Scientific’s share price is up 25% on the announcement, with a market cap of roughly $205 million.