{"id":21480,"date":"2024-05-28T21:30:43","date_gmt":"2024-05-28T18:30:43","guid":{"rendered":"https:\/\/coinengineer.io\/?p=21480"},"modified":"2024-05-28T21:12:15","modified_gmt":"2024-05-28T18:12:15","slug":"semler-scientific-to-buy-bitcoin-shares-surge-27","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/semler-scientific-to-buy-bitcoin-shares-surge-27\/","title":{"rendered":"Semler Scientific to Buy Bitcoin, Shares Surge 27%"},"content":{"rendered":"<p><strong>Semler Scientific<\/strong>, a developer of medical devices and healthcare technologies, said Tuesday that it intends to purchase <a href=\"https:\/\/coinengineer.net\/blog\/mt-gox-transferred7-billion-worth-of-bitcoin\/\">bitcoin<\/a> using its cash reserves; almost immediately, the company&#8217;s shares jumped by as much as 27%.<\/p>\n<p>The board of directors of <strong>Semler Scientific<\/strong> announced that it <em>&#8220;adopted bitcoin as its primary treasury reserve asset&#8221; and &#8220;purchased 581 bitcoins for an aggregate amount of $40 million, inclusive of fees and expenses.&#8221;<\/em><\/p>\n<p><a href=\"https:\/\/finance.yahoo.com\/quote\/SMLR\/\">Company&#8217;s shares<\/a> surged 27% on Tuesday, at one point changing hands at $29.50 a share after closing at $23.32 per share on Friday (U.S. markets were closed Monday). Yahoo Finance reports. At the time of publishing, the market capitalization of all of <strong>Semler Scientific&#8217;s<\/strong> shares was rather more than $200 million.<\/p>\n<p><em>&#8220;Our bitcoin treasury strategy and purchase of bitcoin highlight our belief that bitcoin is a reliable store of value and a compelling investment,&#8221;<\/em> <strong>Semler Scientific<\/strong> Chairman Eric Semler said in the company&#8217;s statement.<em>&#8221; Being a limited and finite asset, Bitcoin offers special qualities as a suitable inflation buffer and safe haven amid world turmoil.&#8221;<\/em><\/p>\n<p>The company stated it keeps making money and building cash reserves; bitcoin will be <strong>Semler Scientific&#8217;s<\/strong> &#8220;principal treasury holding on an ongoing basis.&#8221;<\/p>\n<p>Renowned for its MicroStrategy, which started purchasing with extra income in 2020 as an inflation hedge, Michael Saylor&#8217;s business intelligence company<\/p>\n<p>Shares of Semler (SMLR) traded at $30.38 at publication time.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Semler Scientific, a developer of medical devices and healthcare technologies, said Tuesday that it intends to purchase bitcoin using its cash reserves; almost immediately, the company&#8217;s shares jumped by as much as 27%. The board of directors of Semler Scientific announced that it &#8220;adopted bitcoin as its primary treasury reserve asset&#8221; and &#8220;purchased 581 bitcoins<\/p>\n","protected":false},"author":6,"featured_media":21482,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[61,6447],"class_list":["post-21480","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-semler-scientific"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Semler Scientific to Buy Bitcoin, Shares Surge 27% - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Semler Scientific adopts Bitcoin as its primary treasury reserve, purchasing $40M worth. 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Shares surged 27% following the announcement.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/semler-scientific-to-buy-bitcoin-shares-surge-27\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-28T18:30:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-28T18:12:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/Semler_Logo_registered.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1100\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/semler-scientific-to-buy-bitcoin-shares-surge-27\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/semler-scientific-to-buy-bitcoin-shares-surge-27\/\",\"name\":\"Semler Scientific to Buy Bitcoin, Shares Surge 27% - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/semler-scientific-to-buy-bitcoin-shares-surge-27\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/semler-scientific-to-buy-bitcoin-shares-surge-27\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/Semler_Logo_registered.jpg\",\"datePublished\":\"2024-05-28T18:30:43+00:00\",\"dateModified\":\"2024-05-28T18:12:15+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\"},\"description\":\"Semler Scientific adopts Bitcoin as its primary treasury reserve, purchasing $40M worth. 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