Semler Scientific's Q4 net income increased to nearly $300 million due to the adoption of new accounting rules to calculate Bitcoin holdings

Odaily Planet Daily News: Semler Scientific (SMLR), a US listed company, adopted new "fair value" accounting rules to measure its digital asset holdings in the fourth quarter of 2024, increasing the value of its Bitcoin reserves by $28.85 million, resulting in a 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, the company may decide to adopt this rule before that. As of today, Semler continues to hold 3192 BTC worth over $300 million. The total purchase price of the company is 280.4 million US dollars. （CoinDesk）