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The Coin Rise 2025-04-16 09:45:28

Semler Scientific Faces $41M Bitcoin Loss, Plans $500M Raise to Double Down

Semler Scientific, a healthcare tech company best known for its cardiovascular diagnostic tools, is facing a rough start to the year—not from its core business, but from its Bitcoin treasury strategy. In a preliminary filing with the U.S. Securities and Exchange Commission (SEC) dated April 15, the company reported an unrealized loss of approximately $41.8 million on its Bitcoin holdings for the first quarter of 2025 . Bitcoin Strategy Leads to Major Paper Losses As of March 31, Semler held 3,182 BTC, which it valued at roughly $263.5 million. The price of Bitcoin dropped by 12% over the quarter —from around $93,500 at the start of January to $82,350 at the end of March. And by April 7, the correction had deepened, pushing BTC briefly below $75,000—a 32% drop from its peak. Despite these market setbacks, the company remains committed to Bitcoin. CEO Doug Murphy-Chutorian reiterated in a previous statement that Semler is “laser-focused” on accumulating BTC while continuing to grow its healthcare business. That conviction appears unshaken, even as the firm posted expected Q1 revenues of just $8.8 to $8.9 million and operational losses in the range of $1.3 to $1.5 million. At the end of the quarter, Semler held only about $10 million in cash reserves. $500M Securities Offering to Fund Further BTC Buys Alongside its Q1 report, Semler also disclosed plans for a substantial capital raise. According to a second SEC filing on the same day, the company is preparing to offer and sell up to $500 million in securities. While the proceeds are officially designated for “general corporate purposes,” Semler made it clear that a significant portion will go toward further Bitcoin acquisitions . This bold financial move arrives as the company’s stock, trading under the ticker SMLR on Nasdaq, has tumbled 36% since the beginning of the year. Still, Semler appears to be betting that Bitcoin will eventually deliver long-term returns, even as short-term volatility hits both its digital assets and equity. Meanwhile, Semler also announced it had reached a tentative $30 million settlement in a Department of Justice civil probe—another financial hurdle that adds context to its ambitious crypto strategy. The post Semler Scientific Faces $41M Bitcoin Loss, Plans $500M Raise to Double Down appeared first on TheCoinrise.com .

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