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Semler Scientific Adopts Bitcoin Treasury Strategy, Replicates Michael Saylor’s MicroStrategy 

The Nasdaq-listed Semler Scientific, Inc. (SMLR) announced adopting Bitcoin treasury as the reserve asset, replicating Michael Saylor’s MicroStrategy approach. Semler Scientific is involved in developing and marketing tech products and services to enable healthcare providers to combat chronic illnesses. 

The Doug Murphy-Chutorian-led company revealed in a Tuesday, May 28 press release on PRNewswire that the board of directors passed a resolution to acquire Bitcoin as the core treasury reserve asset. 

Semler Scientific Adopts Bitcoin Treasury

Semler Scientific disclosed that it acquired 581 Bitcoins, spending $40 million in aggregate, including fees incurred. 

Semler Scientific chair Eric Semler clarified that the bitcoin treasury strategy underscores the belief that the lead crypto by market value is reliable in storing value. As a compelling investment, Semler Scientific’s founder considers Bitcoin a core asset class, with its market value surpassing $1 trillion. 

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Since it is scarce and finite units capped at 21 million, Semler considers that Bitcoin portrays unique characteristics. These traits make it a reasonable store of value and hedge against inflation and global instability. 

Semler considers the architectural resilience that makes Bitcoin preferable in storing value to conventional gold despite the latter commanding tenfold market value. 

Like its two predecessors,  Metaplanet and Michael Saylor’s MicroStrategy, Semler hailed Bitcoin as both finite and scarce, hence the belief that it is a store of value better than gold. 

The chair indicated that the disparity in gold and Bitcoin value presents the potential for the latter to yield outsized returns for Semler Scientific Inc. He predicts that as inevitable as Bitcoin gains acceptance as digital gold. 

Semler indicated that the company is energized to adopt Bitcoin treasury as the token realizes growing global acceptance. The chair pointed out that the institutionalization of Bitcoin is appealing since the US Securities and Exchange Commission (SEC) approved 11 Bitcoin exchange-traded funds (ETFs) back in January.  

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Semler indicated that the 11 ETFs have recently revealed over $13 billion in net inflows. At the same time, the institutions investing in the funds almost test 1,000, with over 10% of the Bitcoins now held by the institutions comprising global banks, endowments, pensions, and registered investment advisors. 

Semler Scientific publication on PRNewswire revealed that the company’s board and executives spent sufficient time assessing the potential usage of cash before settling on acquiring Bitcoin.

Semler indicated that the assessment of alternatives led to holding Bitcoin as the optimal use of the excess cash. 

Semler Scientific Embraces Michael Saylor’s Bitcoin Treasury Strategy

Murphy-Chutorian assured the stakeholders that Semler Scientific will blend the Bitcoin treasury strategy with the core medical products and services business. 

Murphy-Chutorian affirmed that Semler Scientific is devoted to sustaining QuantaFlo® sales. Healthcare providers primarily utilize Quantaflo to evaluate one’s risk of suffering mortality and major adverse cardiovascular events (MACE). 

The product is set towards the assessment of peripheral arterial disease. However, it seeks a new 510(k) clearance from the Food and Drug Administration (FDA) to expand the labelling for QuantaFlo utilization in diagnosing other cardiovascular diseases.  

The Tuesday press release indicated that Semler Scientific is devoted to continually earning revenue and free cash inflow from QuantaFlo sales. The company revealed it would proactively assess the utilization of excess cash. 

Semler Scientific profiles Bitcoin as the principal treasury on an ongoing basis relative to the market conditions and projected cash needs. 

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The news of the Bitcoin treasury strategy triggered a surge in SMLR stock by 35.51% to exchange hands at $31.60, as per MarketWatch data. The rally portrays a strong rebound towards the $51 annual price.

Listed Companies Replicate MicroStrategy’s Bitcoin Treasury

The Bitcoin treasury strategy aligns with the promising trend of public-listed companies acquiring Bitcoin, led by Michael Saylor’s MicroStrategy (MSTR), which began acquiring Bitcoin in 2020. Today, MicroStrategy is the largest corporate holder of Bitcoin, valued at over $14.5 billion, with its stock value rallying by over 1,000%. 

Two months ago, Tokyo-listed Metaplanet Inc. embarked on acquiring Bitcoins. The Japanese real estate company’s value is nearly tripling and is projected to rally, as it revealed on Tuesday that it plans to acquire Bitcoin valued at $1.6 million.

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Stephen Causby

Stephen Causby is an experienced crypto journalist who writes for Tokenhell. He is passionate for coverage in crypto news, blockchain, DeFi, and NFT.

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