Semler Scientific relies on Bitcoin as its primary reserve asset
Semler Scientific, Inc., a well-known healthcare company for chronic disease solutions, has decided to use Bitcoin as the primary reserve asset for its treasury, the company's financial reserves. The company has invested $40 million, purchasing 581 Bitcoins. This decision shows their confidence in Bitcoin as a long-term and safe store of value that outperforms traditional options such as gold. This is due to Bitcoin's digital nature, limited availability, and the potential for significant returns as it is increasingly recognized as "digital gold."
Eric Semler sees Bitcoin as protection against inflation and refuge in uncertain times
Eric Semler, Chairman of Semler Scientific, expressed that the company sees Bitcoin as a reliable hedge against inflation and a safe haven in times of global uncertainty. He emphasized that Bitcoin could deliver superior investment results, especially if its market adoption continues to grow. Semler also pointed to the recent approval of Bitcoin exchange-traded funds (ETFs) by the Securities and Exchange Commission (SEC), the U.S. stock market regulator. This indicates growing institutional adoption of Bitcoin, with significant global investments flowing into these funds.
Focus on healthcare services despite Bitcoin investment
Despite this strategic change in their financial holdings, Semler Scientific assured that their main focus remains on improving healthcare services. In particular, they are concentrating on their lead product QuantaFlo®, a diagnostic tool for checking peripheral arterial disease. The company is also seeking expanded FDA approvals for other cardiovascular diseases. Semler Scientific sees this development in line with the broad institutional movement to integrate Bitcoin into mainstream financial strategies.
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