Semler Scientific Doubles Down on Bitcoin Despite $42 Million Loss
The post Semler Scientific Doubles Down on Bitcoin Despite $42 Million Loss appeared on BitcoinEthereumNews.com.
This loss was likely due to the broader market downturn, but Semler is still committed to its crypto strategy. The company even plans on raising $500 million for corporate purposes including more Bitcoin purchases. Meanwhile, Brazilian fintech firm Meliuz proposed making Bitcoin its primary treasury asset, sparking a 27% surge in its stock price. Despite these moves into crypto, tech stocks took a hit. Nvidia and AMD shares fell sharply after Nvidia revealed it expects $5.5 billion in charges due to new US export restrictions on its AI chips to China. Bitcoin Slump Hits Semler Scientific Healthcare technology company Semler Scientific recently revealed big paper losses on its Bitcoin holdings during the first quarter of 2025 due to the broader cryptocurrency market correction. According to a filing with the US Securities and Exchange Commission (SEC) on April 15, the firm reported an unrealized loss of approximately $41.8 million from changes in the fair value of its Bitcoin holdings since the end of December. As of March 31, Semler held 3,182 BTC valued at around $263.5 million, with the price of Bitcoin dropping 12% from $93,500 at the start of the year to $82,350 by the end of the quarter. The full correction extended further into April as well, with Bitcoin falling more than 30% from its all-time high to under $75,000. At press time, BTC was trading hands at $83,606 after its price fell by just over 2% over the past 24 hours of trading. Despite the losses, Semler is still committed to its Bitcoin investment strategy. CEO Doug Murphy-Chutorian previously talked about the company’s focus on acquiring and holding Bitcoin while continuing to support innovation in healthcare. Semler ranks as the twelfth largest corporate holder of Bitcoin, which places it ahead of firms like Hong Kong-based Boyaa Interactive International,…
