Medical Diagnostics Company Semler Scientific reports sudden unrealized losses at Bitcoin Holdings. In its latest SEC filing dated April 15, the company revealed a paper loss of approximately $41.8 million in the first quarter of 2025.
The loss came from a sharp drop in BTC prices, sliding from $93,500 at the beginning of January to nearly $82,000 between March 31st.
Semler Scientific sees sudden losses
Despite the recession, Semler has received heavily invested in cryptocurrency, holding 3,182 BTC at the end of the quarter. Globally ranked as the 12th largest corporate Bitcoin holder just above Boyaa Interactive International Limited, the company continues to double its digital asset strategy.
Doug Murphy-Chutorian repeated this stance when he saw the company’s dual focus on Bitcoin accumulation and ongoing healthcare innovation. Financially, Semler predicted a modest revenue of between $8.8 million and $8.9 million over the quarter, but operating losses are expected to land between $1.3 million and $1.5 million.
As of March 31, Semler reported that he had about $10 million, the equivalent of cash and cash.
In yet another strategic move, the company announced plans to issue up to $500 million in securities. That revenue is allocated for general corporate purposes, including ongoing cryptocurrency purchases. However, investors’ sentiment appears cautious. The company’s shares, trading under NASDAQ’s ticker SMLR, have fallen by more than 22% since the start of the year.
Agreement with DOJ
Semler Scientific announced that through another 8-K filing, it has reached an agreement on principles to resolve long-standing legal concerns with the Department of Justice (DOJ). The company said it is ready to pay around $30 million to address allegations of breaching false claims law through inappropriate marketing practices related to devices billed by Medicare.
DOJ’s civil investigation dates back to 2017, when it issued a formal request to investigate potential fraud. The proposed settlement marks a major step towards a resolution, but Semler’s submission pointed out that a final agreement with the agency is not yet guaranteed.
