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Semler Scientific Q4 EPS Jumps to $3.64 After Marking Up Bitcoin Holdings
The medical-devices company currently holds 3,192 bitcoin after boosting its holdings earlier this month.
Updated Feb 18, 2025, 9:36 p.m. Published Feb 18, 2025, 9:33 p.m. 1 min read
What to know:
Semler Scientific (SMLR) for the fourth quarter of 2024 adopted the new "fair value" accounting rule for corporate digital asset holdings, marking up the value of its bitcoin stack by $28.85 million.
That led to total net income for the quarter of $29,206 million or $3.64 per share versus $4.2 million or $0.62 a year earlier, per a press release.
The FASB fair value rule, introduced in March 2024, requires companies to report digital assets at market value as of the first quarter of 2025. Companies, however, were allowed to adopt the rule prior to that at their own discretion.
Semler as of today continued to hold 3,192 bitcoin worth more than $300 million at bitcoin's current price of about $95,000. The company's aggregate purchase price was $280.4 million.
Shares were higher by 2.1% in the regular session on Tuesday. They're flat after hours.
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