Semler Scientific's share price increased by 30% after choosing to use Bitcoin as its primary reserve, spending $40M in 581 BTC.

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Company Chairman Eric Semler advocates Bitcoin as a reliable and appealing asset, signifying a strategic shift in the company's treasury. Despite a 13% decrease in first-quarter revenue, Semler's net income increased by 22%, indicating a solid financial position with $83.86M in assets.

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The Semler team carefully considered several investment options before deciding to invest in Bitcoin. Semler, who also runs TCS Capital Management, believes Bitcoin has the potential to beat gold due to its scarcity and increasing acceptability as 'digital gold'.

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Semler's radical turn raises eyebrows, even while the company continues to deliver healthcare IT solutions.

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