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Semler Scientific announced that it purchased 581 Bitcoins for about $40 million.
Bitcoin was also chosen as the company’s primary reserve asset.
Semler’s stock is listed under the Nasdaq ticker SMLR. Stock prices soared after the announcement. They were over $25 when this article was published.
“Our bitcoin treasury strategy and purchase of bitcoin underscore our belief that bitcoin is a reliable store of value and a compelling investment,” Eric Semler is the Chairman of Semler Scientific. He said this in a recent press release.
He added that the company believes bitcoin can be used as a hedge against inflation and a safe haven from global instability.
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