Semler Scientific ($SMLR) disclosed the acquisition of 581 bitcoins for its treasury, sending its inventory price greater by 25% in early U.S. buying and selling hours Tuesday.

In accordance with its most up-to-date earnings assertion, the corporate, which had a market cap of lower than $200 million earlier than this morning’s price rise, had money and money equivalents of $62.9 million as of the tip of the primary quarter. It had first-quarter income of $15.9 million and working money stream of $6.1 million.

In accordance with this morning’s press release, Semler bought 581 bitcoins (BTC) for $40 million, suggesting a median price of about $68,850 per token.

“Bitcoin is now a major asset class with more than $1 trillion of market value,” stated firm Chairman Eric Semler. “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.”

Right this moment’s 25% achieve has introduced the inventory to only a 2% decline year-over-year.