Semler Scientific adopts fair value rules to adjust Bitcoin value, and its fourth-quarter net income increases significantly

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Semler Scientific (SMLR) adopted a new "fair value" accounting rule in the fourth quarter of 2024, resulting in a $28.85 million adjustment to the value of its Bitcoin holdings, leading to net income of $29.20 million ($3.64 per share) for the quarter, a significant increase from $4.20 million ($0.62 per share) in the same period last year. To date, Semler holds 3,192 Bitcoins, with a current market value of over $300 million and a total purchase price of $280.4 million.

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