The healthcare technology company Semler Scientific has lost money on its risky Bitcoin investment plan. For the first quarter of 2025, the company said its Bitcoin shares had an “unrealized paper loss” of about $41.8 million. This happened when the cryptocurrency market was going through a significant correction. For example, Bitcoin prices dropped from $93,500 in January to $82,350 by the end of March, a drop of 12% over the quarter and a 32% reduction from their all-time high.
3,182 Bitcoins, $263.5M Value
Although the market is unstable, Semler is still very involved in Bitcoin. As of March 31, the company said it had 3,182 bitcoins worth about $263,500,000.00. Even though the market value of Bitcoin has gone down, CEO Doug Murphy Chutorian reaffirmed Semler’s dedication, saying that they are “laser focused on acquiring and holding Bitcoin while supporting innovation in healthcare.”
Modest Revenues, Operational Losses
Semler’s primary healthcare operations had mixed results. The company plans to make between $8.8 million and $8.9 million in Q1 sales, but it also reported operational losses of between $1.3 million and $1.5 million. For March, Semler had only $10 million in cash and cash equivalents, which shows that it was in a tight financial situation while pursuing its crypto investment plan.
The company also said that it had made a “principal settlement agreement in principle” with the U.S. Department of Justice, which ended a civil investigation and had an even more significant effect on its financial outlook.
$500 Million Stock Offering for Bitcoin Purchases
As described in an April 15 filing with the SEC, Semler has suggested a $500 million securities offering as a risky way to keep adding Bitcoin. The business said the money would be “primarily used for general corporate purposes, including the acquisition of Bitcoin.”
Semler’s stock, which trades on Nasdaq under the symbol SMLR, has dropped 36% since the beginning of 2025.
Conclusion
It’s both brave and risky for Semler Scientific to stick with Bitcoin no matter what. Even though the healthcare and digital asset industries are struggling, the corporation is betting more on crypto with a $42 million paper loss and a $500 million stock sale.
