Healthcare Tech Company Shares Surge 27% After Announcing Plans to Buy Bitcoin with Cash Reserves

Medical device maker and healthcare technology company Semler Scientific SMLR announced Tuesday it plans to buy Bitcoin BTC/USD with its cash reserves and, almost immediately, the company's shares rose by as much as 27%. Semler Scientific's board of directors had "adopted bitcoin as its primary treasury reserve asset" and "purchased 581 bitcoins for an aggregate amount of $40 million, inclusive of fees and expenses" the company said.

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