Medical Device Maker Semler Scientific Stock Rises 25% After $40M Bitcoin Investment

Medical Device Maker Semler Scientific Stock Rises 25% After $40M Bitcoin Investment

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Source: Coindesk.com

Semler Scientific (SMLR) disclosed the purchase of 581 bitcoins (BTC) for its treasury, sending its stock price higher by 25% in early U.S. trading hours Tuesday.

The sub-$200 million market cap (prior to this morning's price rise) company held cash and cash equivalents of $62.9 million as of the end of the first quarter, according to its

Read More https://www.coindesk.com/business/2024/05/28/medical-device-maker-semler-scientific-stock-rises-25-after-40m-bitcoin-investment/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The post "Medical Device Maker Semler Scientific Stock Rises 25% After $40M Bitcoin Investment" appeared first here Coindesk.com.

Source: Coindesk.com

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