Bitcoin
Semler Scientific® Announces Additional Bitcoin Purchases
SANTA CLARA, Calif., June 6, 2024 /PRNewswire/ — Semler Scientific, Inc. SMLR), a pioneer in developing and marketing technological products and services for healthcare providers to combat chronic diseases, announced today that it has purchased an additional 247 bitcoins for a total of $17 million in cash, including fees and expenses.
As of June 6, 2024, Semler held a total of 828 bitcoins, which were purchased for a total of US$57 million, including fees and expenses.
“Semler remains focused on our twin strategies of expanding our healthcare business and acquiring and holding bitcoin,” said Doug Murphy-Chutorian, MD, CEO of Semler Scientific. “The company now holds 828 bitcoins, underscoring our view that bitcoin is an attractive investment and can serve as a reliable store of value. We will continue to pursue our strategy of purchasing bitcoins with cash.”
About Semler Scientific, Inc:
Semler Scientific, Inc. develops, manufactures and markets innovative products and services to combat chronic diseases. Its flagship product, QuantaFlo®, patented and approved by the US Food and Drug Administration (FDA), is a rapid point-of-care test that measures arterial blood flow in the extremities. The QuantaFlo test aids in the diagnosis of cardiovascular diseases such as peripheral arterial disease (PAD), and Semler Scientific is seeking new 510(k) clearance for expanded indications. QuantaFlo is used by healthcare professionals to assess their patients’ risk of mortality and major adverse cardiovascular events (MACE). Semler Scientific also invests in bitcoin and has adopted bitcoin as its main treasury reserve asset. Additional information about Semler Scientific can be found at www.semlerscientific.com.
Forward-looking statements
This press release contains “forward-looking” statements. Such statements can be identified, among other things, by the use of forward-looking language such as the words “believe”, “target”, “may”, “will”, “intend”, “expect”, “anticipate”, “estimate” , “design”, “would”, “could” or words of similar meaning or the negatives of these terms or by discussing strategy or intentions. Forward-looking statements in this release include express or implied statements about the new bitcoin strategy, the purchase of additional bitcoin with cash and the expansion of its healthcare business, among others. Such forward-looking statements are subject to a number of risks and uncertainties that could cause Semler Scientific’s actual results to differ materially from those discussed here, such as risks inherent in investing in bitcoin, including the volatility of bitcoin; risk of implementing a new treasury strategy; risk that insurance plans and other customers will not continue to license its cardiovascular testing products; risk of changes in the reimbursement landscape for its customers, including related to the CMS rate announcement; risk of obtaining a new 510(k) authorization for expanded indications; along with the other risk factors detailed in Semler Scientific’s filings with the Securities and Exchange Commission. These forward-looking statements involve assumptions, estimates and uncertainties that reflect current projections, expectations or internal beliefs. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. All forward-looking statements contained in this press release are qualified in their entirety by these cautionary statements and the risk factors described above. Furthermore, all such statements are made as of the date of this release and Semler Scientific undertakes no obligation to update or revise these statements unless otherwise required by law.
INVESTOR CONTACT:
Renae Cormier
CFO
[email protected]
SOURCE Semler Scientific, Inc.