• About
  • Landing Page
  • Buy JNews
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Semler Scientific Surges 25% After $40M Bitcoin Investment

SB Crypto Guru News by SB Crypto Guru News
May 28, 2024
in Bitcoin
0 0
0
Semler Scientific Surges 25% After M Bitcoin Investment


Semler Scientific (NASDAQ:SMLR) witnessed a remarkable 25% increase in its stock price during early U.S. trading hours on Tuesday following its announcement of purchasing 581 bitcoins for its treasury.

Before the surge, the company boasted a market capitalization of under $200 million. In its most recent earnings statement, Semler revealed holding cash and cash equivalents amounting to $62.9 million at the end of the first quarter. The company reported first-quarter revenue of $15.9 million, with operating cash flow standing at $6.1 million.

According to a press release issued this morning, Semler acquired 581 bitcoins for $40 million, implying an average price of approximately $68,850 per token.

Eric Semler, the company’s Chairman, highlighted Bitcoin’s emergence as a significant asset class, boasting a market value exceeding $1 trillion. He emphasized Bitcoin’s unique attributes as a scarce and finite asset, capable of serving as a viable hedge against inflation and a haven amidst global uncertainty. Additionally, Semler expressed a preference for Bitcoin over gold, citing Bitcoin’s digital resilience compared to the traditional precious metal.

Despite today’s impressive gain, Semler’s stock remains just 2% lower on a year-over-year basis.

Featured Image: Freepik

Please See Disclaimer



Source link

Tags: 40MBitcoinBitcoin NewsCrypto NewsCrypto UpdatesInvestmentLatest News on CryptoSB Crypto Guru NewsScientificSemlerSurges
Previous Post

Blackrock’s IBIT Nears Grayscale’s GBTC in Bitcoin Reserves

Next Post

Russian Firms Embrace Crypto for China Trade

Next Post
Russian Firms Embrace Crypto for China Trade

Russian Firms Embrace Crypto for China Trade

  • Trending
  • Comments
  • Latest
The Metaverse is Coming Back! – According to Meta

The Metaverse is Coming Back! – According to Meta

February 7, 2025
How to Get Token Prices with an RPC Node – Moralis Web3

How to Get Token Prices with an RPC Node – Moralis Web3

September 3, 2024
AI & Immersive Learning: Accelerating Skill Development with AI and XR

AI & Immersive Learning: Accelerating Skill Development with AI and XR

June 4, 2025
5 Proven XR and AI Training Use Cases for Enterprises

5 Proven XR and AI Training Use Cases for Enterprises

June 2, 2025
Meta Pumps a Further  Million into Horizon Metaverse

Meta Pumps a Further $50 Million into Horizon Metaverse

February 24, 2025
Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

January 29, 2025
Deutsche Bank Plans 2026 Crypto Custody Debut: Are Top Banks Warming Up To Web3?

Deutsche Bank Plans 2026 Crypto Custody Debut: Are Top Banks Warming Up To Web3?

0
Tether Partners with Zanzibar to Promote Stablecoin Adoption and Blockchain Training

Tether Partners with Zanzibar to Promote Stablecoin Adoption and Blockchain Training

0
Markets Will Choose US-Regulated Stablecoins Over CBDCs ‘All Day, Every Day,’ Says Treasury Secretary Scott Bessent

Markets Will Choose US-Regulated Stablecoins Over CBDCs ‘All Day, Every Day,’ Says Treasury Secretary Scott Bessent

0
MFA Boston returns two works to Kingdom of Benin – The Art Newspaper

MFA Boston returns two works to Kingdom of Benin – The Art Newspaper

0
Altcoin Season Not Coming? Bitcoin Risks Crash To ,200 With Negative Sentiment

Altcoin Season Not Coming? Bitcoin Risks Crash To $98,200 With Negative Sentiment

0
Celsius vs Tether lawsuit moves ahead in US court over  billion Bitcoin sale

Celsius vs Tether lawsuit moves ahead in US court over $4 billion Bitcoin sale

0
Altcoin Season Not Coming? Bitcoin Risks Crash To ,200 With Negative Sentiment

Altcoin Season Not Coming? Bitcoin Risks Crash To $98,200 With Negative Sentiment

July 3, 2025
MFA Boston returns two works to Kingdom of Benin – The Art Newspaper

MFA Boston returns two works to Kingdom of Benin – The Art Newspaper

July 3, 2025
Ripple Expands Stablecoin Push With OpenPayd Integration

Ripple Expands Stablecoin Push With OpenPayd Integration

July 3, 2025
Tokenized Deposits vs. Stablecoins: What’s the Difference and Why It Matters

Tokenized Deposits vs. Stablecoins: What’s the Difference and Why It Matters

July 2, 2025
Bitcoin Consolidates Below Resistance — Can It Seal A Weekly Close Over 7,720?

Bitcoin Consolidates Below Resistance — Can It Seal A Weekly Close Over $107,720?

July 2, 2025
Chuck E. Cheese Is Opening an Arcade Concept for Adults

Chuck E. Cheese Is Opening an Arcade Concept for Adults

July 2, 2025
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at SB Crypto Guru News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.