Semler Scientific’s Q4 Earnings Surge as Bitcoin Holdings Gain Value
Medical device company Semler Scientific (SMLR) has increased its bitcoin holdings to 3,192 BTC after expanding its investment earlier this month.
Key Highlights:
- In Q4 2024, Semler adopted the new “fair value” accounting rule for corporate digital asset holdings, resulting in a $28.85 million markup in its bitcoin holdings.
- This adjustment contributed to a significant jump in net income, which reached $29.2 million ($3.64 per share), compared to $4.2 million ($0.62 per share) in the same period last year.
- The FASB fair value rule, introduced in March 2024, mandates that companies report digital assets at market value starting Q1 2025, though early adoption was optional.
- As of today, Semler holds 3,192 BTC, valued at over $300 million at bitcoin’s current price of $95,000. The company’s total acquisition cost for its bitcoin holdings stands at $280.4 million.
- Semler’s stock rose 2.1% during Tuesday’s trading session and remained unchanged in after-hours trading.
