Semler Scientific Shares Rise on Embrace of Bitcoin Treasury Strategy

The firm's slumping stock price jumps 36% after management announces bitcoin will be their primary treasury reserve asset.

By María Paula Mijares Torres | May 29, 2024 at 12:43 PM

Photo: Branding for Bitcoin cryptocurrency on the window of a crypto exchange kiosk in Warsaw, Poland, on March 14, 2024. Photographer: Damian Lemanski/Bloomberg.

Medical device maker Semler Scientific Inc. said it has adopted bitcoin as its primary treasury reserve asset, becoming one of the few public companies to follow the controversial approach pioneered by MicroStrategy Inc.

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