Odaily Planet Daily News Semler Scientific (SMLR), a US-listed company, adopted a new "fair value" accounting rule 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 of $29.206 billion or $3.64 per share for the quarter, compared to $4.2 million or $0.62 in the same period last year.
The FASB fair value rule was introduced in March 2024, requiring 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 own discretion.
As of today, Semler continues to hold 3,192 BTC, worth more than $300 million. The company's total purchase price is $280.4 million. (CoinDesk)