Semler Scientific Amasses 4,449 Bitcoins Worth $469M, Surpassing Market Cap Amid 55% Bitcoin Surge

According to data revealed by Farside Investors and reported by COINOTAG on June 17, Semler Scientific (SMLR), a US-listed medical technology firm, transitioned into a Bitcoin-centric financial entity as of May 28, 2024. Since this strategic pivot, the company has amassed a substantial holding of 4,449 Bitcoins, currently valued at approximately $469 million. This valuation notably surpasses Semler Scientific’s market capitalization, which stands at around $326 million. Despite a significant 55% surge in Bitcoin’s price during this timeframe, SMLR’s stock has only appreciated by a modest 2.3%. This disparity highlights the complex dynamics between cryptocurrency asset accumulation and traditional equity market performance, underscoring that a shift towards Bitcoin exposure does not necessarily translate into immediate shareholder value enhancement.