- Company held 3,182 BTC price $263.5 million.
- Corporate 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 in the primary 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 Exchange Commission (SEC), citing a decline in the honest worth of its Bitcoin portfolio between 31 December and 31 March.
Bitcoin drops 12% in Q1
Bitcoin’s worth declined by 12% in the course of 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 under $75,000—a 32% correction from its all-time excessive.
Despite this, the corporate has not altered its crypto technique. CEO Doug Murphy-Chutorian had earlier famous Semler’s twin focus on healthcare innovation and Bitcoin acquisition, a stance that is still unchanged in gentle of the current downturn.
Corporate Bitcoin holdings rise 16%
While Semler confronted paper losses, public corporations general expanded their Bitcoin publicity.
Data from Bitwise exhibits 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 primarily based 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 corporations resembling Boyaa Interactive.
The development highlights sustained institutional demand, even amid market volatility.
Revenue 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 firm additionally reported $10 million in money and equivalents as of March 31.
Along with this, Semler disclosed a preliminary settlement to settle a civil investigation by the Department 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 lift as much as $500 million by way of securities choices, with a part of the proceeds doubtlessly going in direction of additional Bitcoin acquisitions.
The firm acknowledged it could supply and promote securities “from time to time… up to an aggregate value of $500,000,000.”
Shares of Semler, listed on Nasdaq underneath the ticker SMLR, are down 36% thus far in 2025.
The firm acknowledged current worth swings and warned of continued volatility forward, though it has not indicated any change to its digital asset technique.
At the identical time, curiosity in Bitcoin on the coverage stage continues to construct in the US.
Data from Bitcoin Law signifies that 47 Bitcoin-related payments have been launched throughout 26 states, with 41 nonetheless lively.
On April 5, Kentucky grew to become the newest to undertake digital asset protections with the passage of House Bill 701—the “Bitcoin Rights” regulation—underneath Governor Andy Beshear.
