Semler Scientific Invests $17 Million in Bitcoin Despite Q1 Slump

Semler Scientific (NASDAQ: SMLR) is defying industry norms, doubling down on Bitcoin amid a turbulent market environment. The healthcare tech firm has allocated a significant portion of its recent funding towards acquiring more cryptocurrency, following a successful stock offering that raised over $114.8 million. This bold move brings their total Bitcoin holdings to a staggering 4,264 Bitcoin, valued at approximately $474.4 million as of May 22nd. Despite facing Q1 losses and struggling with revenue decline, Semler is taking a calculated risk by incorporating Bitcoin into its financial strategy.