Semler Scientific announced that it has purchased 581 bitcoins and will adopt bitcoin as its primary reserve asset
ChainCatcher news, Nasdaq-listed company Semler Scientific has announced that it has adopted Bitcoin as its primary treasury reserve asset. Semler Scientific has announced the purchase of 581 Bitcoins, with a total value of $40 million, including fees and expenses.Semler Scientific Chairman Eric Semler stated: "Our Bitcoin funding strategy and the purchase of Bitcoin demonstrate our belief that Bitcoin is a reliable store of value and an attractive investment. Bitcoin is now a major asset class with a market capitalization exceeding $1 trillion. We believe that as a scarce and limited asset, it possesses unique characteristics that can serve as a reasonable hedge against inflation and a safe haven during global instability. We also believe that the digital architecture of Bitcoin makes it more popular than gold, which has a market capitalization about 10 times that of Bitcoin. Given the value gap between gold and Bitcoin, we believe that as Bitcoin is increasingly recognized as digital gold, it has the potential to generate excess returns."It is reported that Semler Scientific, Inc. is a provider of technology products and services, primarily supporting the healthcare industry in combating chronic diseases.