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Data: SMLR's market cap is inverted with the value of BTC holdings, and the Bitcoin strategy has not allowed it to rise
On June 17, Semler Scientific (SMLR), a U.S.-listed medical technology company, became a bitcoin finance company on May 28, 2024, according to data disclosed by Farside Investors, and since then the company has increased its holdings by 4,449 bitcoins, which is currently worth $469 million, which is higher than the market capitalization of SMLR $326 million. Bitcoin rose 55% during this period, yet SMLR is only up 2.3% since May 28, 2024, “and it’s not all fun and games for Bitcoin finance companies.”