Semler Scientific, a healthcare technology firm, faced substantial paper losses on its Bitcoin investments in the first quarter of 2025 due to a significant downturn in the cryptocurrency’s value. An SEC filing on April 15 revealed that the company saw an unrealized loss of around $41.8 million from its Bitcoin holdings, valued at approximately $263.5 million by the end of March, down from owning 3,182 BTC.
### Bitcoin’s Value Dips in First Quarter
During this period, Bitcoin’s price took a 12% hit, decreasing from $93,500 at the beginning of January to $82,350 by March’s end. This downturn is part of a broader trend, with Bitcoin’s value sliding over 32% from its all-time peak, dipping below $75,000 on April 7.
Despite these setbacks, Semler reported anticipated revenues between $8.8 and $8.9 million for the quarter and operating losses estimated between $1.3 and $1.5 million. The company also maintained about $10 million in cash reserves. Semler’s strategic commitment to Bitcoin remains unshaken, with CEO Doug Murphy-Chutorian highlighting the company’s focus on both healthcare innovation and Bitcoin acquisition.
Semler is recognized as the twelfth-largest corporate Bitcoin holder, according to Bitbo data, even outpacing entities like Boyaa Interactive from Hong Kong. In addition, Semler intends to boost its Bitcoin holdings, disclosing a plan to offer and sell up to $500 million in securities, partly to fund additional Bitcoin purchases.
Semler’s shares, listed on Nasdaq as SMLR, have seen a 36% decline since the year’s start, with the company acknowledging the possibility of continued volatility in the near future.
### Corporations Increase Bitcoin Investments
In the first quarter of 2025, public companies heightened their Bitcoin stakes by 16.1%, as noted by crypto asset manager Bitwise. This accumulation, indicating sustained corporate interest in Bitcoin amidst market fluctuations, brought total corporate Bitcoin assets to about 688,000 BTC. These holdings, valued at $56.7 billion by quarter’s end, represent a slight increase in overall worth.
The U.S. has also witnessed growing legislative support for Bitcoin, with 47 Bitcoin reserve bills introduced across 26 states. Kentucky, for instance, recently passed the “Bitcoin Rights” bill into law, demonstrating a broader push towards accepting and integrating digital currencies.
Tweet: “Semler Scientific aims to raise $500 million for further #Bitcoin investments, even as its Q1 Bitcoin holdings faced a sharp decline. A bold move amidst market volatility. #Cryptocurrency #Investment”
