crypto for all
A
A

Semler Scientific Adopts Bitcoin Strategy

Thu 30 May 2024 ▪ 3 min of reading ▪ by Nicolas T.
Invest

Like Microstrategy, the company Semler Scientific will now place its cash reserves in bitcoin.

bitcoin

Microstrategy sets an example

After the Japanese Metaplanet, a new multinational has embraced Microstrategy’s strategy of converting its treasury into BTC. The value of Semler Scientific’s stock has since soared by nearly 40%.

Semler Scientific now holds 581 BTC worth a total of $40 million. A drop in the bucket compared to Microstrategy’s 214,000 BTC, but small streams make big rivers.

Our bitcoin treasury strategy and purchase of bitcoin underscore our belief that bitcoin is a reliable store of value and a compelling investment,declares the chairman of the NASDAQ-listed company.

“Bitcoin is now a major asset class with more than $1 trillion of market value. We believe it has unique characteristics as a scarce and finite asset that can serve as a reasonable inflation hedge and safe haven amid global instability.

We also believe its digital, architectural resilience makes it preferable to gold, which has a market value of approximately 10 times that of bitcoin. Given the gap in value between gold and bitcoin, we believe that bitcoin has the potential to generate outsize returns as it gains increasing acceptance as digital gold.”

This explanation resonates with that of Metaplanet, which chose to invest in bitcoin to “protect against the depreciation of the yen.” “As the yen continues to weaken, bitcoin offers a stateless store of value that could continue to appreciate against traditional currencies,” can be read in its statement.

Eric Semler also justifies his decision by its “institutionalization,” as evidenced by the approval by the Securities and Exchange Commission of 11 ETFs in January.

“These ETFs have recorded net inflows of over $13 billion, with investments coming from nearly 1,000 institutions, including systemic banks [Morgan Stanley] and pension funds. It is estimated that more than 10% of all bitcoins are now held by institutions,” he added.

On this topic, don’t miss our article: Bitcoin ETF — The list of major institutional investors revealed!

Maximize your Cointribune experience with our 'Read to Earn' program! Earn points for each article you read and gain access to exclusive rewards. Sign up now and start accruing benefits.


Click here to join 'Read to Earn' and turn your passion for crypto into rewards!
A
A
Nicolas T. avatar
Nicolas T.

Bitcoin, geopolitical, economic and energy journalist.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.