Background Information: According to disclosures from Farside Investors, the U.S. listed medical technology company Semler Scientific (SMLR) will transition to a Bitcoin-centric financial company starting May 28, 2024.

Key Events: Since the transition, SMLR has accumulated 4,449 Bitcoins, currently valued at approximately $469 million, exceeding its market capitalization of $326 million. During the same period, the price of Bitcoin has increased by 55%, but SMLR's stock price has only risen by 2.3%.

Potential Impacts: Despite holding a large amount of Bitcoin, SMLR's stock performance has not reflected the increase in Bitcoin, indicating that the Bitcoin strategy has limited impact on the company's market value. This phenomenon serves as a reminder to investors that transitioning to a Bitcoin financial company is not entirely beneficial.