what's Semler Scientific, Inc.?
Semler Scientific, Inc. is a healthcare technology company focused on developing and marketing innovative products and services that assist healthcare providers in evaluating and treating chronic diseases. Its flagship product, QuantaFlo, is a point-of-care test that measures arterial blood flow in the extremities to aid in the diagnosis of peripheral arterial disease and other cardiovascular conditions. The company operates primarily in the United States and emphasizes technology-driven solutions to improve patient outcomes and operational efficiency in clinical settings. In May 2024, Semler Scientific adopted Bitcoin as its primary treasury reserve asset, marking a strategic shift to diversify its financial holdings and hedge against inflation. This move involves actively purchasing and holding Bitcoin on its balance sheet, with disclosures showing significant accumulations (e.g., over 5,000 BTC by late 2025). The strategy positions the company within the growing sector of corporate Bitcoin treasuries, leveraging cryptocurrency as a store of value while continuing its core medical technology operations.
Semler Scientific was acquired by Vivek Ramaswamy's Strive in an all-stock transaction.
Acquired by Strive (Vivek Ramaswamy's company) in an all-stock transaction.
MSCI considers excluding SMLR from major JPMorgan-endorsed indexes as one of 38 companies flagged for holding over 50% of assets in digital assets (Bitcoin). The final decision date is January 15, 2026.
Currently trades below its modified Net Asset Value (mNAV), which could impair the company's ability to raise capital through share issuance and may necessitate selling options to generate cash flow instead.
The acquisition implies a share price of $90.52, representing a 210% premium to the last closing price.
Eric Semler held a larger personal stake in competitor $NAKA than in his own company until a few weeks ago, indicating potential insider activity concerns.
Company announces target to accumulate 105,000 BTC by 2027.
Purchases 187 BTC for $20M, increasing total holdings to 4,636 BTC valued at $502M
Bought 237 BTC for $23.3M. Has acquired total of 2,321 BTC for $191.9M since adopting Bitcoin as treasury reserve in May 2024.