What to know:
- Options on shares of Semler Scientific (SMLR) are now available for trading per a check of brokerage accounts on Tuesday morning.
- The medical device company announced its bitcoin treasury strategy in late May and to date has acquired 2,084 bitcoin via a combination of balance sheet cash and share offerings.
As a seasoned researcher with a penchant for tech-driven innovations and a knack for recognizing promising investments, I find myself intrigued by the recent development surrounding Semler Scientific (SMLR). Having witnessed the meteoric rise of MicroStrategy (MSTR) due to its strategic Bitcoin adoption, it’s fascinating to see another company embracing digital gold.
The analyst who wrote this piece owns shares of Semler Scientific (SMLR) and MicroStrategy (MSTR).
Options trading for shares of Semler Scientific (SMLR), a small-sized medical device company that opted for a bitcoin storage approach earlier in the year, has recently become accessible.
After a period of six months, the company’s share price has increased due to its shift towards bitcoin (BTC) and fundraising projects. On December 5, Semler sought approval from options exchanges to enable options trading, as they felt the company fulfilled the necessary criteria.
Even though there’s no formal statement yet, an early morning check on brokerage accounts in U.S. time revealed that these options could be traded.
Investment contracts known as options provide an investor with the privilege, though not the requirement, to either purchase or sell a specific stock at a predetermined price within a specified timeframe. By incorporating options for stocks into their investment strategies, investors gain access to innovative methods of managing risk and predicting market fluctuations.
For an options market to be eligible, certain prerequisites must be met:
Semler’s share price has nearly tripled to over $74 by the end of trading on Monday, following its first bitcoin investments made on May 28. Its market value now exceeds $600 million. On Tuesday, before the market opened, Semler saw a 5% increase in price to $78.20.
As a researcher, I’m sharing an update: Our company has just filed a second supplement under our S-3 Shelf, expanding our at-the-market (ATM) program by an additional $50 million. This brings the total offering to a potential $150 million. So far, we have successfully raised approximately $100 million through ATM issuances.
So far, Semler has bought 2,084 bitcoins for a total of $168.6 million, which equates to approximately $81,000 per bitcoin. Currently, these holdings are valued at around $222 million, given that each bitcoin is worth around $106,500.
Read More
- FARTCOIN PREDICTION. FARTCOIN cryptocurrency
- SUI PREDICTION. SUI cryptocurrency
- Excitement Brews in the Last Epoch Community: What Players Are Looking Forward To
- The Renegades Who Made A Woman Under the Influence
- RIF PREDICTION. RIF cryptocurrency
- Smite 2: Should Crowd Control for Damage Dealers Be Reduced?
- Is This Promotional Stand from Suicide Squad Worth Keeping? Reddit Weighs In!
- Epic Showdown: Persona vs Capcom – Fan Art Brings the Characters to Life
- Persona Music Showdown: Mass Destruction vs. Take Over – The Great Debate!
- “Irritating” Pokemon TCG Pocket mechanic is turning players off the game
2024-12-17 17:05