Damus
nostrich profile picture
nostrich
Has anyone looked into $SMLR?

Semlar Scientific - the latest public company to add #bitcoin to their treasury

Before going further I should clarify that owning bitcoin in self custody is always going to be your best option

But for money trapped in the system...

Semlar has a medical patent that is a cash cow.

-Their cash reserves have doubled in the last 3 years (22 million in 2020, 57 million in 2023)
-Their income has doubled in the last 3 years (35 million in 2020, 61 million in 2023)
-They have almost zero debt (6 million total at Dec 31 2023)

They are buying bitcoin and will continue buying bitcoin with the insane amount of cash they're bringing in.

I mean just look at their results (PRE BITCOIN STRATEGY:
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Caïmans ₿ Crypto · 112w
I have bought some at $38. Looking at the price structure in tradingview, I don’t expect too much. It may even go a bit further down but it’s a good buying zone. https://m.primal.net/JdBi.jpg