According to its latest earnings statement, the company had a market cap of under $200 million before this morning’s price increase, with cash and cash equivalents of $62.9 million at the end of the first quarter. It reported first-quarter revenue of $15.9 million and operating cash flow of $6.1 million. In a press release this morning, Semler disclosed the purchase of 581 bitcoins (BTC) for $40 million, indicating an average price of around $68,850 per token.

Company Chairman Eric Semler remarked, "Bitcoin is now a major asset class with more than $1 trillion in market value. We believe it has unique characteristics as a scarce and finite asset that can serve as a reasonable inflation hedge and safe haven amid global instability. We also believe its digital, architectural resilience makes it preferable to gold, which has a market value approximately 10 times that of bitcoin."

Today's 25% stock gain has resulted in just a 2% decline year-over-year.