2 weeks on a Bitcoin Standard: How Semler Scientific’s Bold Move is Starting to Pay Off Big

2 Weeks on a Bitcoin Standard: Following MicroStrategy’s Lead

Semler Scientific, Inc. - an unknown company for many until now - just did something bold: they decided to put their money in Bitcoin, following the trail blazed by MicroStrategy. In just two weeks, their stock shot up by an amazing 62%. This shows just how powerful this strategy can be. Let’s dive into how MicroStrategy set the stage and why this could be a game-changer for other companies.

MicroStrategy’s Big Move

MicroStrategy, a business intelligence company, made headlines in August 2020 when CEO Michael Saylor decided to invest in Bitcoin as their main treasury reserve. The company initially invested over $1 billion in Bitcoin, betting on its finite supply and decentralized nature to protect their capital better than traditional fiat currency or even gold. Despite initial skepticism, MicroStrategy’s stock has surged by more than 900% since August 2020, significantly increasing the value of their Bitcoin holdings and proving the strategy’s effectiveness.

To fund these purchases, MicroStrategy has utilized various methods of raising capital. They issued convertible senior notes, a type of debt that can be converted into equity, to raise large sums of money specifically for buying Bitcoin. For instance, in early 2024, they raised $800 million through a note offering and quickly followed up with another $600 million, showing their aggressive commitment to accumulating Bitcoin

Semler Scientific Steps Up

Taking a page from MicroStrategy’s playbook, Semler Scientific announced on May 28, 2024, that they had purchased 581 bitcoins for approximately $40 million. This decision was driven by the same rationale: Bitcoin’s scarcity and potential as a store of value.

On June 6, 2024, Semler Scientific made another significant announcement, revealing the purchase of an additional 247 bitcoins for $17 million. This brings their total Bitcoin holdings to 828 bitcoins, worth about $57 million. This additional purchase further boosted investor confidence, causing another rise in their stock price .

On June 10, 2024, Semler announced plans to raise $150 million to buy even more Bitcoin. This aggressive expansion of their Bitcoin holdings has further fueled investor optimism and pushed the stock price even higher.

Investors responded enthusiastically, and Semler’s stock jumped over 62% in just two weeks. This surge happened despite Bitcoin’s price remaining relatively stable during that period, indicating strong investor confidence in the strategy itself rather than a reaction to market movements.

Real-Time Game Theory

What’s happening here is like a live game of strategy. The more companies that buy into Bitcoin, the more valuable it becomes for everyone involved. MicroStrategy showed that the rewards of adopting Bitcoin can be huge, and now Semler Scientific is proving it again. This success is likely to encourage even more companies to follow suit.

Who’s Next?

As we watch this unfold, it’s clear that the corporate world is changing. Companies are seeing the benefits of holding Bitcoin, and many will likely jump on board. This could lead to a big wave of institutional investment in Bitcoin, making it an even more mainstream asset.

Conclusion

Semler Scientific’s stock surge is a clear sign of the power of a Bitcoin strategy. Following MicroStrategy’s lead, they’ve shown that holding Bitcoin can bring huge rewards. As this real-time game of strategy plays out, the question is: who will be the next company to join the Bitcoin standard?

The stage is set, and everyone is watching. The game is just getting started.