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Published on 29 May 2024 on Motley Fool via Yahoo Finance

Semler Scientific's Bitcoin Bet Sends Stock Soaring 43%

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Shares of Semler Scientific (NASDAQ: SMLR) soared on Tuesday. The medical device maker's stock peaked at a 43.1% single-day gain at 2:15 p.m. ET, boosted by a new cash-management strategy. More to the point, Semler's new treasury plan is all about Bitcoin (CRYPTO: BTC) instead of cash.

Why Semler Scientific chose Bitcoin over cash

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CRYPTO.BTC price evolution
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