Semler Scientific, a medical device company, has announced the acquisition of 455 Bitcoins for $50 million, raising the market value of its Bitcoin assets to $474.4 million.
Semler Scientific's Bitcoin Acquisition
According to a disclosure on May 23, Semler bought 455 BTC at an average purchase price of $109,801. To finance this purchase, the company utilized proceeds from its at-the-market stock offering program, having sold approximately 3 million shares for $115 million.
Company Financial Performance
In its Q1 2025 earnings report released on May 13, the company revealed a 44% drop in revenue year-over-year. Despite the claimed success of its Bitcoin treasury strategy, Semler Scientific's shares have dropped 18% in 2025.
Bitcoin Treasury Market
Bitcoin treasury companies have been attracting investor interest for exposure to Bitcoin price fluctuations. Michael Saylor's strategy began with BTC purchases in August 2020 and Bitcoin has risen by 181.6% year-to-date, while Semler Scientific's shares surged 53% since announcing its BTC approach in May 2024.
Thus, Semler Scientific continues to expand its Bitcoin holdings, even in the face of revenue declines. Despite some fluctuations in its stock, the company remains a leader in leveraging Bitcoin as an investment tool.
