Odaily News Semler Scientific (SMLR), a U.S.-listed company, adopted new "fair value" accounting rules to measure the company's digital asset holdings in the fourth quarter of 2024, increasing the value of its Bitcoin reserves by $28.85 million, resulting in total net income for the quarter of $29.206 billion, or $3.64 per share, compared with $4.2 million, or $0.62, in the same period last year.
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. However, companies can adopt the rule before then at their discretion.
As of today, Semler continues to hold 3,192 BTC, valued at over $300 million. The company’s total purchase price is $280.4 million. (CoinDesk)