Semler to raise 500M to buy Bitcoin
Semler Scientific is pushing forward with its Bitcoin investment strategy despite a $41.8 million paper loss and plans to raise $500 million through a securities sale.
Semler Scientific has reported an unrealized loss of around $41.8 million on its Bitcoin holdings for Q1 2025, following a 12% drop in BTC prices during the period. As of March 31, the company held 3,182 BTC valued at approximately $263.5 million. Despite this loss, Semler is moving ahead with a plan to sell up to $500 million in securities, aiming to use some of the funds to buy more Bitcoin.
The healthcare tech firm also revealed expected quarterly revenues of $8.8 to $8.9 million and operating losses of up to $1.5 million. It held about $10 million in cash and is also negotiating a nearly $30 million settlement with the U.S. Department of Justice over a civil investigation.
Semler, currently the twelfth-largest corporate Bitcoin holder, remains firm in its crypto strategy, saying the proceeds from the stock sale will support both general operations and continued BTC purchases.
Author
Jacob Lazurek
Coinpaprika
In the dynamic world of technology and cryptocurrencies, my career trajectory has been deeply rooted in continuous exploration and effective communication.
