Semler Scientific Raises More Money to Buy 455 Bitcoin Despite Financial and Legal Challenges
Despite legal and financial troubles, including a USD 30M DOJ probe and a Q1 net loss of USD 64.7M, Semler doubled down on its Bitcoin pivot, reporting a 25.8% BTC yield in 2025 and adding pro-BTC figures to its board.
Semler Scientific has doubled down on its Bitcoin strategy, adding another US$50M (AU$76M) to its BTC stash. The company disclosed in a new SEC filing that it bought 455 BTC between May 13 and May 22 at an average price of US$109,801 (AU$168,942) per coin.
That brings its total holdings to 4,264 BTC, worth around US$457M (AU$702M) at current prices, making Semler the 13th largest corporate holder of Bitcoin globally. Its total cost basis sits at US$390M (AU$599M), averaging US$91,471 (AU$140,667) per coin.
$SMLR acquires 455 #Bitcoins for $50 million and has generated BTC Yield of 25.8% YTD. Now holding 4,264 $BTC. Flywheel in motion.
— Eric Semler (@SemlerEric) May 23, 2025
Despite Bitcoin dipping nearly 4% in the past 24 hours and currently trading just above US$107,000 (AU$164k), Semler remains deep in profit. Chairman Eric Semler says the company has logged a 25.8% BTC yield so far this year.
Semler became the second public US company to formally adopt Bitcoin as a treasury asset in 2024, following Strategy, which began accumulating BTC back in 2020. Strategy now holds 576,230 BTC, by far the largest corporate Bitcoin reserve, worth more than US$62B (AU$95B).
Related: 10X Research: Bitcoin’s New Highs Spark Quiet Sell-Off by OG Wallets
Semler’s Bitcoin Pivot Divides Investors
Reactions have been mixed. Some investors see opportunity in Semler’s shift toward hard money; others question the logic of pairing a struggling medtech business with a volatile asset class.
Adding to the uncertainty is a pending US$30M (AU$46M) lawsuit and fraud investigation from the Department of Justice, still unresolved, which adds another layer of legal risk to an already high-leverage strategy.
The company reported a US$64.7M (AU$99.5M) net loss in Q1 2025, alongside a 44% drop in revenue year-over-year. It also disclosed US$41.8M (AU$64M) in unrealised Bitcoin losses for 2023.
Despite that, Semler isn’t backing off. It formalised its crypto pivot by launching a Bitcoin Strategy Committee and appointing pro-Bitcoin media figure Natalie Brunell to its board. The company has made clear it now views digital assets as central to its long-term plans.
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Filed under: Bitcoin - @ May 26, 2025 2:21 am