What? That company? Semler Scientific buys a lot of Bitcoin! Here's a detailed explanation of why!
Hello everyone!Virtual currencyThis is John, who is deeply immersed in the world of. This time, some unexpected news has come in, so I would like to take a look at it with you all.
Amazingly, medical technology company Semler Scientific has bought an additional 1510 Bitcoins this year, bringing its total holdings to 3808! Why would a medical company have so much?BitcoinYou must be wondering if you have it?
What kind of company is Semler Scientific?
Semler Scientific (Nasdaq: SMLR) is a company that develops and sells medical devices to diagnose vascular diseases. It doesn't seem to have a direct connection to Bitcoin. So why is it buying such a large amount of Bitcoin?
Why did you buy Bitcoin?
Semler Scientific announced in its financial filing that it was investing in Bitcoin.investmentHe explains that it's a strategy to preserve the value of cash and earn potential returns. In other words, he's protecting his assets from inflation and hoping for a return on the value of Bitcoin.
It's like instead of keeping cash at home, you're putting your money in a new piggy bank called Bitcoin!
What is the benefit of investing in Bitcoin?
According to a report by Semler Scientific, Bitcoin investments have generated a 5% return so far this year through May 12. That's a great number! Of course, the price of Bitcoin fluctuates, so it's not always a positive result, but so far it looks like Semler Scientific is seeing good results.
However, it was also reported that the company had lost $1 million in the first quarter (January to March). This is likely due to factors other than Bitcoin investment, but it is important to remember that investments always involve risk.
Easy-to-understand explanations of technical terms!
Now, let's look at some of the more difficult words that appeared in this article.BeginnerI'll explain it in an easy to understand way.
- BTC: This refers to Bitcoin.
- Nasdaq: One of the stock markets in the United States. It is famous for having many high-tech companies listed on it, such as Apple and Microsoft.
- Q1: Abbreviation for Quarter 1, meaning the first quarter. Refers to the first three-month period (January to March) of a company's accounting period.
- YieldYield: The percentage of income earned from an investment.
What you can learn from Semler Scientific's Bitcoin strategy
Semler Scientific's Bitcoin investment may suggest a new trend in which companies are adopting virtual currencies as a financial strategy. Until now, only some companies such as Tesla have purchased Bitcoin, but in the future, more companies may hold Bitcoin as part of their assets.
It will be important to continue to pay attention to the trend of companies aiming to hedge against inflation and diversify revenue by investing in new assets like Bitcoin instead of holding on to cash.
Summary and personal thoughts
This time, we explained about Semler Scientific's large-scale purchase of Bitcoin. At first, I was surprised that a medical company would invest in Bitcoin, but it makes sense when you learn the strategy behind it.
Personally, I hope that the spread of corporate Bitcoin investment will lead to further maturity of the virtual currency market. Of course, risk management is important, but I also think it's important for individual investors like us to keep an eye on new technologies and assets.
This article is based on the following original articles and is summarized from the author's perspective:
Semler Scientific Has Purchased 1,510 Bitcoin This Year, Now
Holds 3,808 BTC