As part of the new treasury strategy, Semler Scientific purchased 581 Bitcoin for $40 million.
Nasdaq-listed Semler Scientific saw its stock price soar by 30% on May 28 after announcing that Bitcoin will become its primary treasury reserve asset. As part of the strategy, the company
The executive is also president of the investment fund TCS Capital Management, primarily known for its activist investment strategies, targeting companies like the crowdsourced reviews platform Yelp. The fund does not appear to have any direct or indirect exposure to Bitcoin. The company’s board of directors and senior management reportedly spent “substantial time” examining potential uses for its cash reserves, including evaluating acquisition opportunities, according to the statement. The chairman continued:
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