Semler Scientific has announced Bitcoin is now the primary asset for treasury reserves at this company. Board of Directors for the pioneering company, which develops technology solutions to market healthcare products and services, revealed today its BTC implementation strategy.
Semler has also announced that they have acquired 581 BTC, worth $40 million. In contrast, this newly-implemented strategy marks a major step in the mainstream adoption of bitcoin. Semler Scientific, and other companies. MicroStrategy The showcase the financial The leading crypto currency in the market today.
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Semler Scientific announces new Bitcoin strategy
Bitcoin made huge strides to become more popular in this past year. financial sector. In fact, the US Securities and Exchange Commission approved Spot Bitcoin Exchange Traded Funds (ETFs) in January. A plethora has emerged since then. financial The cryptocurrency has been adopted by institutions.
Semlar Scientific announced a new Bitcoin Treasury strategy and a $40 Million acquisition. In particular, Semlar Scientific’s board revealed BTC as the primary asset for its treasury reserves. Eric Selmer discussed this monumental decision in a release released today.
![Gold and Bitcoin](https://fxruhanahmed.com/2/wp-content/uploads/2024/05/Semler-Scientific-Adopts-Bitcoin-as-Primary-Treasury-Reserve-Asset.jpg)
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“Our Bitcoin treasury strategy and purchase of Bitcoin underscore our belief that Bitcoin is a reliable store of value and a compelling investment,” Semler said. He also called BTC a “major asset class,” While referencing its market value of $1 trillion.
“WE believe it has unique characteristics as a scarce and finite asset that can serve as a reasonable inflation hedge,” Semler said. Semler added. “digital, architectural resistance,” Gold is a good alternative to gold.
It was stated by the company that they had “spent substantial time” Exploring alternative Treasury Assets It studied cash’s potential, but ultimately discovered Bitcoin’s viability and usefulness in this capacity.
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Source: watcher.guru