04-16-2025, 06:03 AM
Semler Scientific reports $42M paper loss on Bitcoin, floats $500M stock sale
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NjNjNTYtNjExNi03ZTQ1LWIyMWUtYzk4MGEzY2VhZGYz.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NjNjNTYtNjExNi03ZTQ1LWIyMWUtYzk4MGEzY2VhZGYz.jpg" alt="Semler Scientific reports $42M paper loss on Bitcoin, floats $500M stock sale"></p><p>Healthcare technology firm Semler Scientific has reported paper losses on its Bitcoin holdings over the first quarter of this year as the cryptocurrency saw a heavy correction. <p>The firm reported a preliminary unrealized loss from the change in fair value of Bitcoin holdings of approximately $41.8 million since Dec. 31, according to a <a data-ct-non-breakable="null" href="https://ir.semlerscientific.com/node/10766/ixbrl-viewer" rel="null" target="null" text="null" title="null">filing</a> with the Securities and Exchange Commission on April 15.</p><p>Semler declared holdings of 3,182 Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) valued at around $263.5 million as of March 31. During the three-month period, BTC prices fell 12% from $93,500 at the beginning of January to $82,350 by the end of March. The full correction from its all-time high to the low below $75,000 on April 7 stands at 32%. </p><p>Semler reported expected revenues of $8.8 to $8.9 million and operational losses of $1.3 to $1.5 million for the period. It held cash and cash equivalents of approximately $10 million as of March 31.</p><p>In November, Semler Scientific CEO <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/semler-laser-focused-buying-bitcoin-increases-holdings" rel="null" target="null" text="null" title="null">Doug Murphy-Chutorian said</a>, “We remain laser-focused on acquiring and holding Bitcoin while supporting innovation and growth in our healthcare business.” </p><p>Semler is the twelfth largest corporate holder of BTC, ahead of Hong Kong gaming firm Boyaa Interactive International Limited, <a data-ct-non-breakable="null" href="https://treasuries.bitbo.io/#public" rel="null" target="null" text="null" title="null">according</a> to Bitbo data. </p><p><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/semler-fund-raise-bitcoin-buys-unrealized-gains-30-million" rel="null" target="null" text="null" title="null">Semler</a> also reported that it had reached an agreement in principle to pay almost $30 million to settle claims related to a civil investigation by the Department of Justice.</p><h2>Semler floats $500 million securities sale </h2><p>In a separate April 15 SEC filing, the firm <a data-ct-non-breakable="null" href="https://ir.semlerscientific.com/node/10771/html#tUOP" rel="null" target="null" text="null" title="null">outlined</a> its plan to offer and sell securities worth up to $500 million, in part to continue its Bitcoin acquisition strategy.</p><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/semler-scientific-871-bitcoin-buy-yield-tops-150" rel="null" target="null" text="null" title="null"><em><strong>Healthcare tech firm Semler buys 871 Bitcoin, yield tops 150%</strong></em></a></p><p>“We may offer and sell securities from time to time in one or more offerings, up to an aggregate value of $500,000,000,” it stated. Semler’s common stock is listed on the Nthanksaq under the symbol SMLR.</p><p>“Our stock price has been volatile and may continue to be volatile,” the firm cautioned. Shares in the medical firm have fallen 36% since the beginning of 2025. </p><figure><img src="https://s3.cointelegraph.com/uploads/2025-04/01963ca4-644b-789d-ac08-7226c30954ff" title="" alt="Semler Scientific reports $42M paper loss on Bitcoin, floats $500M stock sale"><figcaption style="text-align: center;"><p><em>SMLR price year-to-date. Source: </em><a data-ct-non-breakable="null" href="https://www.google.com/finance/quote/SMLR:NthanksAQ?window=YTD" rel="null" target="null" text="null" title="https://www.google.com/finance/quote/SMLR:NthanksAQ?window=YTD"><em>Google Finance</em></a></p></figcaption></figure><p>Semler intends to use the net proceeds from the securities sale “primarily for general corporate purposes, including the acquisition of Bitcoin,” it revealed. </p><p><em><strong>Magazine: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/bitcoin-100k-price-target-shaquille-oneal-nft-synthetix-hodlers-digest/" rel="null" target="null" text="null" title="null"><em><strong>Bitcoin eyes $100K by June, Shaq to settle NFT lawsuit, and more: Hodler’s Digest</strong></em></a></p><template data-name="subscription_form" data-type="crypto_biz" label="Subscription Form: Crypto Biz Newsletter"></template></p>
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https://cointelegraph.com/news/semler-sc...er_inbound
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NjNjNTYtNjExNi03ZTQ1LWIyMWUtYzk4MGEzY2VhZGYz.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NjNjNTYtNjExNi03ZTQ1LWIyMWUtYzk4MGEzY2VhZGYz.jpg" alt="Semler Scientific reports $42M paper loss on Bitcoin, floats $500M stock sale"></p><p>Healthcare technology firm Semler Scientific has reported paper losses on its Bitcoin holdings over the first quarter of this year as the cryptocurrency saw a heavy correction. <p>The firm reported a preliminary unrealized loss from the change in fair value of Bitcoin holdings of approximately $41.8 million since Dec. 31, according to a <a data-ct-non-breakable="null" href="https://ir.semlerscientific.com/node/10766/ixbrl-viewer" rel="null" target="null" text="null" title="null">filing</a> with the Securities and Exchange Commission on April 15.</p><p>Semler declared holdings of 3,182 Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) valued at around $263.5 million as of March 31. During the three-month period, BTC prices fell 12% from $93,500 at the beginning of January to $82,350 by the end of March. The full correction from its all-time high to the low below $75,000 on April 7 stands at 32%. </p><p>Semler reported expected revenues of $8.8 to $8.9 million and operational losses of $1.3 to $1.5 million for the period. It held cash and cash equivalents of approximately $10 million as of March 31.</p><p>In November, Semler Scientific CEO <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/semler-laser-focused-buying-bitcoin-increases-holdings" rel="null" target="null" text="null" title="null">Doug Murphy-Chutorian said</a>, “We remain laser-focused on acquiring and holding Bitcoin while supporting innovation and growth in our healthcare business.” </p><p>Semler is the twelfth largest corporate holder of BTC, ahead of Hong Kong gaming firm Boyaa Interactive International Limited, <a data-ct-non-breakable="null" href="https://treasuries.bitbo.io/#public" rel="null" target="null" text="null" title="null">according</a> to Bitbo data. </p><p><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/semler-fund-raise-bitcoin-buys-unrealized-gains-30-million" rel="null" target="null" text="null" title="null">Semler</a> also reported that it had reached an agreement in principle to pay almost $30 million to settle claims related to a civil investigation by the Department of Justice.</p><h2>Semler floats $500 million securities sale </h2><p>In a separate April 15 SEC filing, the firm <a data-ct-non-breakable="null" href="https://ir.semlerscientific.com/node/10771/html#tUOP" rel="null" target="null" text="null" title="null">outlined</a> its plan to offer and sell securities worth up to $500 million, in part to continue its Bitcoin acquisition strategy.</p><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/semler-scientific-871-bitcoin-buy-yield-tops-150" rel="null" target="null" text="null" title="null"><em><strong>Healthcare tech firm Semler buys 871 Bitcoin, yield tops 150%</strong></em></a></p><p>“We may offer and sell securities from time to time in one or more offerings, up to an aggregate value of $500,000,000,” it stated. Semler’s common stock is listed on the Nthanksaq under the symbol SMLR.</p><p>“Our stock price has been volatile and may continue to be volatile,” the firm cautioned. Shares in the medical firm have fallen 36% since the beginning of 2025. </p><figure><img src="https://s3.cointelegraph.com/uploads/2025-04/01963ca4-644b-789d-ac08-7226c30954ff" title="" alt="Semler Scientific reports $42M paper loss on Bitcoin, floats $500M stock sale"><figcaption style="text-align: center;"><p><em>SMLR price year-to-date. Source: </em><a data-ct-non-breakable="null" href="https://www.google.com/finance/quote/SMLR:NthanksAQ?window=YTD" rel="null" target="null" text="null" title="https://www.google.com/finance/quote/SMLR:NthanksAQ?window=YTD"><em>Google Finance</em></a></p></figcaption></figure><p>Semler intends to use the net proceeds from the securities sale “primarily for general corporate purposes, including the acquisition of Bitcoin,” it revealed. </p><p><em><strong>Magazine: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/bitcoin-100k-price-target-shaquille-oneal-nft-synthetix-hodlers-digest/" rel="null" target="null" text="null" title="null"><em><strong>Bitcoin eyes $100K by June, Shaq to settle NFT lawsuit, and more: Hodler’s Digest</strong></em></a></p><template data-name="subscription_form" data-type="crypto_biz" label="Subscription Form: Crypto Biz Newsletter"></template></p>
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https://cointelegraph.com/news/semler-sc...er_inbound