Semler Scientific Cites Crypto Accounting Rules as Risk Factor

Health-care technology company Semler Scientific Inc. warned investors that the first US crypto accounting rules pose an escalated risk of financial unpredictability and could impact its stock price.

The Financial Accounting Standards Board’s landmark rules direct businesses to capture the highs and lows of their cryptocurrency holdings. Semler Scientific, through its 10-K annual report filed late Friday, joins software maker MicroStrategy Inc. and several others in citing the accounting change as a risk to business operations.

The health-care tech company adopted Bitcoin as its primary treasury reserve asset last May. It said as of last month it had acquired more ...