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Number of Russell 2000 companies adopting Bitcoin by year-end 2024
5
Resolution / Starting Odds
0-5 companies follow • 25%
6-10 companies follow • 25%
11-15 companies follow • 25%
More than 15 companies follow • 25%
Company financial disclosures and press releases
Story
Nasdaq-Traded Semler Scientific Adopts Bitcoin, Buys 581 BTC for $40M, Stock Up 25%
May 28, 2024, 02:06 PM
Semler Scientific, a Nasdaq-traded healthcare technology company, has announced the adoption of Bitcoin as its primary treasury reserve asset. The company purchased 581 bitcoins for $40 million, representing 8% of its enterprise value. This move follows a similar strategy employed by MicroStrategy. Eric Semler, the company's chairman, expressed confidence in Bitcoin as a reliable store of value and a compelling investment. The announcement led to a significant increase in Semler Scientific's stock price, which rose by 25% in early trading. The company's decision reflects a growing trend of corporate adoption of Bitcoin. Semler Scientific is also part of the Russell 2000 index.
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Many companies adopt Bitcoin • 25%
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Outperforms all major tech stocks • 33%
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