- Bitcoin Purchase and Financial Strategy
- Institutional Interest and Management Comments
- Company's Core Products and Development
Semler Scientific, a medical device company listed on NASDAQ, has significantly increased its Bitcoin assets, purchasing an additional 83 Bitcoins worth approximately 5.2 million USD.
Bitcoin Purchase and Financial Strategy
This purchase brought Semler's total Bitcoin holdings to 1,012 BTC, with a cumulative investment nearing 68 million USD. This strategy was financed through a combination of operational cash reserves and funds raised through a stock issuance program.
Institutional Interest and Management Comments
Chairman Eric Semler emphasized the growing interest from institutional investors, saying, “We believe that the increased involvement of institutional investors will create value not only for the Bitcoin price but also for our shareholders.”
Company's Core Products and Development
Semler’s core product, the QuantaFlo blood flow measurement system, is used for diagnosing cardiovascular diseases. The company is currently seeking a new 510(k) approval from the FDA to expand the indications for this product, further solidifying its position in the medical technology market.
This move underscores Semler Scientific's strong commitment to integrating Bitcoin into its treasury practices and reflects the growing institutional interest in the cryptocurrency market.
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