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Market
Corporate Bitcoin adoption trend post-Semler's strategy
5
Resolution / Starting Odds
Many companies adopt Bitcoin • 25%
Some companies adopt Bitcoin • 25%
Few companies adopt Bitcoin • 25%
No significant adoption • 25%
Financial news outlets, corporate press releases
Story
Semler Scientific Adopts Bitcoin as Treasury Asset, Stock Surges 42.5% After 581 Bitcoin Purchase
May 28, 2024, 02:55 PM
Semler Scientific, a Nasdaq-listed healthcare technology company, has announced the adoption of Bitcoin as its primary treasury reserve asset. The company has purchased 581 bitcoins for $40 million, inclusive of fees and expenses. This strategic move was approved by the board of directors and is seen as a significant step in corporate adoption of Bitcoin. Following the announcement, Semler Scientific's stock price surged by up to 42.5%. The company's chairman, Eric Semler, stated that the Bitcoin treasury strategy underscores their belief in Bitcoin as a reliable store of value and a compelling investment. The decision mirrors similar strategies adopted by companies like MicroStrategy.
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Similar markets
Increase in similar adoptions by other companies • 25%
Neutral - no significant change in adoptions • 25%
Decrease due to volatility concerns • 25%
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0-5 companies follow • 25%
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Top 10% • 33%
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