Semler Scientific Q2 Financial Report: Purchased another 101 BTC, currently holding 929 BTC
Semler Scientific, a medical technology company, announced its Q2 2024 financial report and the purchase of an additional 101 bitcoins valued at $6 million.The company's revenue was $14.5 million, a 22% decrease year-over-year; operating income was $5.4 million, a 25% decrease year-over-year; and net profit was $11,000, which was basically flat.As of August 5th, Semler Scientific held a total of 929 bitcoins, with a total investment of $63 million (including related expenses).Eric Semler, the chairman of the company, said that the market has responded positively to the company's bitcoin reserve strategy, and plans to continue purchasing bitcoins using operating cash flow and the proceeds from securities sales under the future $150 million financing limit.
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