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: SQ, BTC.CM=, MSTR, SMLR, TSLA,
Keywords: semler scientific inc, investment strategy, block inc, tesla inc, markets, business news, technology, breaking news: markets, bitcoin/usd coin metrics, microstrategy inc, cryptocurrency, breaking news: investing,