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- Semler Scientific (NASDAQ:SMLR) mentioned Tuesday its board has adopted bitcoin (BTC-USD) as its main treasury reserve asset and has bought 581 BTC for $40M in whole.
- “After studying various alternatives, we decided that holding bitcoin (BTC-USD) would be the best use of our excess cash,” mentioned Eric Semler, the corporate’s chairman, including that the cryptocurrency is “a reliable store of value and a compelling investment.”
- Semler famous that bitcoin (BTC-USD) has the potential to generate outsize returns amid wider adoption, with greater than 10% of all BTC now held by establishments.
- As Semler Scientific (SMLR) continues to generate income and free money stream from gross sales of its arterial illness take a look at QuantaFlo, it would proactively consider its use of extra money.