Background: Semler Scientific (SMLR), a US-listed medical technology company, has transformed into a Bitcoin-centric financial company since May 28, 2024, according to data disclosed by Farside Investors.


Key Events: Since the transformation, SMLR has accumulated 4,449 BTC holdings and is currently worth about $469 million, surpassing its market capitalization of $326 million. During the same period, the price of Bitcoin increased by 55%, but the SMLR share price increased by only 2.3%.
Potential impact: Despite holding a large amount of Bitcoin, SMLR's share price performance did not reflect Bitcoin's gains, suggesting that the Bitcoin strategy has limited gains in the company's market capitalization. This phenomenon reminds investors that the transition to a Bitcoin financial company is not entirely positive.
BTC0,24%
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