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Semler Scientific: Big Bet On Bitcoin Doesn't Change Big Picture
SMLRSemler Scientific(SMLR) Seeking Alpha·2024-07-24 14:11

10'000 Hours Semler Scientific (NASDAQ:SMLR) has made headlines by adopting a Bitcoin (BTC-USD) treasury strategy, allocating more than 57millionfromitsbalancesheettothedigitalassetthisyear.Theopenmarketpurchasesrepresentabigbetonthecryptocurrencyasastoreofvalueanditspotentialtogenerateoutsizedreturns.Themoveisevenmoresignificantconsideringthemedicaltechnologycompanyonlycommandsacurrentmarketcapitalizationofjust57 million from its balance sheet to the digital asset this year. The open market purchases represent a big bet on the cryptocurrency as a store of value and its potential to generate outsized returns. The move is even more significant considering the medical technology company only commands a current market capitalization of just 242 million, essentially tying its fortun ...