Semler Scientific, a medical device firm, invested around $50 million in Bitcoin between May 13 and May 22. This acquisition boosted the company’s Bitcoin holdings to approximately $474.4 million, placing it among the top 13 companies with significant Bitcoin reserves in their treasury.
On May 23rd, it was disclosed that Semler acquired a total of 455 Bitcoin, with each Bitcoin costing approximately $109,801 on average. The funds used to purchase these Bitcoins were derived from a stock offering program. To date, Semler Scientific has sold around 3 million shares of common stock, netting them $115 million in total.
On the very same day of the disclosure, Semler Scientific’s shares experienced a drop of 1.36%. Interestingly, this decline in share price aligns with the general trend on the Nasdaq, where it fell by 1% on that specific day. The Nasdaq, being an index that tracks prominent tech stocks, also saw a decrease.
In their Q1 2025 financial report published on May 13th, the company disclosed a 44% decrease in annual revenue compared to the previous year. Contrary to their claims of a successful Bitcoin investment strategy, Semler Scientific’s stock value has fallen by 18% in 2025, as indicated by Google Finance data.
Investors who are interested in tracking the price movements of Bitcoin have been increasingly attracted towards businesses that specialize in acquiring Bitcoin by selling shares or issuing bonds (often referred to as Bitcoin treasury companies).
In August 2020, Michael Saylor’s strategy unveiled its Bitcoin reserve, marking the start of their Bitcoin purchases. As of now, Bitcoin has surged by 181.6% this year. Meanwhile, Semler Scientific stocks have increased by 53%, a rise that occurred since they announced their Bitcoin strategy back in May 2024.
Read More
- Gold Rate Forecast
- Tom Cruise Bags Gold: Mission Impossible Star Lands Guinness World Record for Highest Burning Parachute Jumps
- Mobile MOBA Games Ranked 2025 – Options After the MLBB Ban
- Are Billie Eilish and Nat Wolff Dating? Duo Flames Romance Rumors With Sizzling Kiss in Italy
- Tom Hiddleston and Wife Zawe Ashton Announce Second Pregnancy, Know Couple’s Relationship Timeline
- Is Justin Bieber Tired of ‘Transactional Relationship’ with Wife Hailey Bieber? Singer Goes on Another Rant Raising Concerns
- Justin Bieber Tells People to ‘Point at My Flaws’ Going on Another Rant, Raises Alarm With Concerning Behavior
- Resident Evil 9: Requiem Announced: Release Date, Trailer, and New Heroine Revealed
- Summer Game Fest 2025 schedule and streams: all event start times
- Apothecary Diaries Ch.81: Maomao vs Shenmei!
2025-05-24 01:56