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Med tech stock Semler Scientific takes bitcoin play from MicroStrategy's book, surges 30% - TL;DR CNBC

Med tech stock Semler Scientific takes bitcoin play from MicroStrategy's book, surges 30%

Publishing timestamp: 2024-05-28 12:36:48


Summary

Semler Scientific saw its shares surge after adopting bitcoin as its primary treasury reserve asset, following in the footsteps of MicroStrategy. The company purchased 581 bitcoins for $40 million, believing in bitcoin as a reliable store of value and compelling investment. Other companies like Tesla and Block also hold bitcoin on their balance sheets, indicating a trend towards institutional adoption of cryptocurrency.


Sentiment: POSITIVE

Tickers: SQBTC.CM=MSTRSMLRTSLA

Keywords: semler scientific incinvestment strategyblock inctesla incmarketsbusiness newstechnologybreaking news: marketsbitcoin/usd coin metricsmicrostrategy inccryptocurrencybreaking news: investing

Source: https://www.cnbc.com/2024/05/28/med-tech-stock-semler-scientific-surges-on-new-bitcoin-treasury-strategy.html


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