BlockBeats reported on June 17 that, according to data disclosed by Farside Investors, the US-listed medical technology company Semler Scientific (SMLR) became a Bitcoin-focused financial company as of May 28, 2024. Since then, the company has accumulated 4,449 Bitcoins, currently valued at $469 million, a figure that exceeds SMLR's market capitalization of $326 million.
During this period, Bitcoin has risen by 55%. However, since May 28, 2024, SMLR's stock price has only increased by 2.3%. "Being a Bitcoin financial company isn't all fun and games."
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