Reserve

Bitcoin

DeFi

Planet

<div class="intro-text"> 
 Semler Scientific Inc., a developer and provider of healthcare technology products,<a style="color: #0000ff;" href="https://www.prnewswire.com/news-releases/semler-scientific-announces-bitcoin-treasury-strategy-302156715.html">announced</a> today a major shift in its financial strategy. 
</div> 
Semler Scientific’s board of directors has adopted Bitcoin (BTC) as its primary treasury reserve asset, a vote of confidence in the digital currency’s long-term value and potential growth. 
As part of this new strategy, the company has invested in 581 bitcoins for $40 million, fees and expenses inclusive. Eric Semler, chairman of the board,<a style="color: #0000ff;" href="https://www.prnewswire.com/news-releases/semler-scientific-announces-bitcoin-treasury-strategy-302156715.html"> pointed</a> out that bitcoin is an asset class with a market value greater than $1 trillion, which has unique properties as a scarce, finite asset that can be an inflation hedge and safe haven in times of global instability. 
<blockquote class="pullquote align-center">
 “Bitcoin’s digital resilience and institutionalisation make it an attractive alternative to gold,” 
</blockquote> 
Semler stated. 
The evidence he cited<a style="color: #0000ff;" href="https://defi-planet.com/2024/05/crypto-markets-surge-on-speculation-of-spot-ether-etf-approval/"> includes</a> 11 bitcoin ETFs recently approved by the Securities and Exchange Commission, which have attracted over $13 billion in net inflows from nearly 1,000 institutions. 
&nbsp; 
The board and senior management carefully considered the best use of excess cash and determined that holding Bitcoin would offer the best returns and the most secure financial future for the company. 
While now focusing on bitcoin, Semler Scientific is committed to its core business of providing innovative medical products and services, continuing to market its flagship product, QuantaFlo, a rapid test for peripheral arterial disease, and pursuing expanded FDA clearances for broader cardiovascular applications. 
Semler Scientific’s pivot to Bitcoin is part of a broader trend among corporations seeking alternative stores of value amid economic uncertainty. This move follows similar strategies by other high-profile companies like Tesla and MicroStrategy, which have also made substantial Bitcoin investments. 
Bitcoin is trading today at $68,040.52 with a 24-hour trading volume of $32,334,304,770. 
&nbsp; 
If you want to read more news articles like this, visit <a style="color: #0000ff;" href="https://defi-planet.com/">DeFi Planet</a> and follow us on <a style="color: #0000ff;" href="https://twitter.com/PlanetDefi">Twitter</a>, <a style="color: #0000ff;" href="https://www.linkedin.com/company/defi-planet/">LinkedIn</a>, <a style="color: #0000ff;" href="https://www.facebook.com/DeFi-Planet-129907662611402">Facebook</a>, <a style="color: #0000ff;" href="https://www.instagram.com/defi.planet/">Instagram</a>, and <a style="color: #0000ff;" href="https://coinmarketcap.com/community/profile/DeFiPlanet/">CoinMarketCap Community</a>. 
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.” 
The post <a href="https://defi-planet.com/2024/05/semler-scientific-adopts-bitcoin-as-primary-treasury-reserve-asset/">Semler Scientific Adopts Bitcoin as Primary Treasury Reserve Asset</a> appeared first on <a href="https://defi-planet.com">DeFi Planet</a>.

Semler Scientific Adopts Bitcoin as Primary Treasury Reserve Asset

DeFi Planet

Other articles published on May 28, 2024

Ripple Faces SEC Lawsuit While XRP Price Remains Stable

Crypto: An Expert Predicts an Imminent Market Boom

Crypto Sleuths Retrieve Lost 2013 Bitcoin Wallet Password, Salvage $3M in Assets

Why Is Chainlink (LINK) Price Booming Today?

FLOKI Price: Smart Money Trades 3.72B FLOKI With 10x ROI, More Steam Left?

What Is Data Availability in Blockchain?

Join our free newsletter for daily crypto updates!