Semler Scientific recently introduced options trading for its stock, SMLR, which appeared in several brokerage accounts. The company aims to increase investment options for investors by trading SMLR options.
Introduction of Options Trading
Options trading gives investors the right to buy or sell a stock before a given time at a specific price. To be eligible for options trading, a company's shares must be priced between $3 and $5, record a daily trading volume of 500,000 to 1 million shares, and have a market cap of $75 million and above. According to Nasdaq data, SMLR is trading at $74.41 with a market capitalization of $557 million.
Bitcoin Accumulation Strategy
Semler Scientific's shares have grown significantly this year after implementing a Bitcoin reserve strategy in May. According to Google Finance, SMLR stock spiked by over 30%, reaching $30.38. The company has accumulated 2084 BTC, with the latest purchase of 211 BTC worth approximately $21.5 million. Semler highlighted that Bitcoin acts as a hedge against inflation and a safe haven in times of global economic instability.
Second Prospectus Supplement
The company filed a second prospectus supplement with the SEC on December 16 to offer $50 million in shares to its ATM program with Cantor. This initiative will increase the funds allocated by Semler Scientific toward further BTC purchases.
Semler Scientific's tactical approach in opting for options and Bitcoin investments demonstrates a diverse strategy aimed at protecting and enhancing shareholder value in the modern economic environment.
