Semler Scientific Invests $40M in Bitcoin, Shares Surge

The medical technology company adopts bitcoin as its primary treasury reserve asset, mirroring MicroStrategy's strategy.

Semler Scientific purchased 581 bitcoins for approximately $40 million.
The company's stock price increased by up to 30% following the announcement.
Semler views bitcoin as a reliable store of value and a hedge against inflation.
The move aligns Semler with other companies like MicroStrategy, Tesla, and Block.
Semler plans to use excess cash for future bitcoin purchases while monitoring cash needs.