tl;dr
Semler Scientific has announced a $17 million purchase of bitcoin and plans to raise $150 million for further purchases. The company, known for its healthcare business, has broadened its strategy to include acquiring and holding bitcoin. CEO Doug Murphy-Chutorian states that the company now holds 82...
Semler Scientific has announced a $17 million bitcoin purchase and plans to raise $150 million for further acquisitions, emphasizing bitcoin as a compelling investment and store of value.
The company's stock surged 25% after May's $40 million bitcoin purchase; currently holds 828 bitcoins worth $59 million, aligning with the trend of publicly listed companies diversifying into bitcoin.
Semler Scientific's CEO, Dr. Doug Murphy-Chutorian, reaffirms commitment to both expanding healthcare business and acquiring bitcoin with cash, citing bitcoin's potential as a reliable store of value.
More about United States Steel Corporation
Company: United States Steel Corporation
Business Segment: Manufacturing - Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
Revenue: $8,715,185,000
Profit Margin: 11.2%
Operating Margin: 0.2%
Return on Equity: 3.46%
Current Ratio: 79.23
Debt to Equity: 0.0489
Market Cap: $17,743,000,000
Price to Earnings Ratio (P/E): 39.13
Earnings Per Share (EPS): -0.129
Dividend Yield: -0.069
More about Semler Scientific Inc
Semler Scientific Inc Summary
Semler Scientific, Inc. develops, manufactures, and markets proprietary products that help healthcare providers evaluate and treat patients with chronic conditions in the United States. The company is headquartered in Santa Clara, California.
Industry: LIFE SCIENCES
Sector: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS
Market Cap: 211057000
Current Price: 10.74
Dividend Yield: None
EPS: 2.78
P/E Ratio: 9.72
Beta: 0.329
Volume: 65881000
Relative Volume: 40
Volatility: 0.238
Performance (Week): -0.127