- Firm held 3,182 BTC value $263.5 million.
- Company BTC holdings rose 16.1% to 688,000 BTC.
- Semler plans a $500 million securities providing.
Semler Scientific has reported a $41.8 million unrealised loss on its Bitcoin holdings within the first quarter of 2025, underscoring the dangers of crypto publicity amongst corporates.
The healthcare expertise agency disclosed the loss in an April 15 filing with the US Securities and Alternate Fee (SEC), citing a decline within the truthful worth of its Bitcoin portfolio between 31 December and 31 March.
Bitcoin drops 12% in Q1
Bitcoin’s worth declined by 12% through the quarter, falling from $93,500 to $82,350. That drop led to a pointy markdown in Semler’s crypto holdings, which stood at 3,182 BTC, valued at $263.5 million as of March 31.
The state of affairs worsened in early April, with Bitcoin sliding beneath $75,000—a 32% correction from its all-time excessive.
Regardless of this, the corporate has not altered its crypto technique. CEO Doug Murphy-Chutorian had earlier famous Semler’s twin give attention to healthcare innovation and Bitcoin acquisition, a stance that is still unchanged in mild of the current downturn.
Company Bitcoin holdings rise 16%
Whereas Semler confronted paper losses, public firms total expanded their Bitcoin publicity.
Information from Bitwise reveals that listed companies added 95,431 BTC in Q1 2025—a 16.1% enhance from the earlier quarter.
By March-end, these holdings totalled 688,000 BTC, with a mixed valuation of $56.7 billion based mostly on the quarter’s closing worth of $82,445 per Bitcoin.
According to blockchain tracker Bitbo, Semler is now the twelfth-largest company holder of Bitcoin, surpassing firms akin to Boyaa Interactive.
The pattern highlights sustained institutional demand, even amid market volatility.
Income and authorized settlement replace
Semler’s quarterly income was estimated between $8.8 million and $8.9 million, with working losses projected between $1.3 million and $1.5 million.
The corporate additionally reported $10 million in money and equivalents as of March 31.
Together with this, Semler disclosed a preliminary settlement to settle a civil investigation by the Division of Justice for near $30 million. The submitting didn’t specify the character of the probe.
$500M securities providing deliberate
Semler additionally filed plans to boost as much as $500 million by way of securities choices, with a part of the proceeds probably going in the direction of additional Bitcoin acquisitions.
The corporate said it could provide and promote securities “sometimes… as much as an mixture worth of $500,000,000.”
Shares of Semler, listed on Nasdaq beneath the ticker SMLR, are down 36% to date in 2025.
The corporate acknowledged current worth swings and warned of continued volatility forward, though it has not indicated any change to its digital asset technique.
On the identical time, curiosity in Bitcoin on the coverage stage continues to construct within the US.
Information from Bitcoin Regulation signifies that 47 Bitcoin-related payments have been launched throughout 26 states, with 41 nonetheless energetic.
On April 5, Kentucky turned the most recent to undertake digital asset protections with the passage of Home Invoice 701—the “Bitcoin Rights” regulation—beneath Governor Andy Beshear.