{"id":127261,"date":"2025-04-16T04:16:35","date_gmt":"2025-04-16T04:16:35","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127261"},"modified":"2025-04-16T04:16:35","modified_gmt":"2025-04-16T04:16:35","slug":"semler-scientific-reports-42m-paper-loss-on-bitcoin-floats-500m-stock-sale","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127261","title":{"rendered":"Semler Scientific reports $42M paper loss on Bitcoin, floats $500M stock sale"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsHealthcare technology firm Semler Scientific has reported paper losses on its Bitcoin holdings over the first quarter of this year as the cryptocurrency saw a heavy correction.\u00a0<br \/>\nThe firm reported a preliminary unrealized loss from the change in fair value of Bitcoin holdings of approximately $41.8 million since Dec. 31, according to a filing with the Securities and Exchange Commission on April 15.<br \/>\nSemler declared holdings of 3,182 Bitcoin (BTC) valued at around $263.5 million as of March 31. During the three-month period, BTC prices fell 12% from $93,500 at the beginning of January to $82,350 by the end of March. The full correction from its all-time high to the low below $75,000 on April 7 stands at 32%.\u00a0<br \/>\nSemler reported expected revenues of $8.8 to $8.9 million and operational losses of $1.3 to $1.5 million for the period. It held cash and cash equivalents of approximately $10 million as of March 31.<br \/>\nIn November, Semler Scientific CEO Doug Murphy-Chutorian said, \u201cWe remain laser-focused on acquiring and holding Bitcoin while supporting innovation and growth in our healthcare business.\u201d\u00a0<br \/>\nSemler is the twelfth largest corporate holder of BTC, ahead of Hong Kong gaming firm Boyaa Interactive International Limited, according to Bitbo data.\u00a0<br \/>\nSemler also reported that it had reached an agreement in principle to pay almost $30 million to settle claims related to a civil investigation by the Department of Justice.<br \/>\nSemler floats $500 million securities sale\u00a0<br \/>\nIn a separate April 15 SEC filing, the firm outlined its plan to offer and sell securities worth up to $500 million, in part to continue its Bitcoin acquisition strategy.<br \/>\nRelated: Healthcare tech firm Semler buys 871 Bitcoin, yield tops 150%<br \/>\n\u201cWe may offer and sell securities from time to time in one or more offerings, up to an aggregate value of $500,000,000,\u201d it stated. Semler\u2019s common stock is listed on the Nasdaq under the symbol SMLR.<br \/>\n\u201cOur stock price has been volatile and may continue to be volatile,\u201d the firm cautioned. Shares in the medical firm have fallen 36% since the beginning of 2025.\u00a0<br \/>\nSMLR price year-to-date. Source: Google FinanceSemler intends to use the net proceeds from the securities sale \u201cprimarily for general corporate purposes, including the acquisition of Bitcoin,\u201d it revealed.\u00a0<br \/>\nMagazine: Bitcoin eyes $100K by June, Shaq to settle NFT lawsuit, and more: Hodler\u2019s Digest<a href=\"https:\/\/cointelegraph.com\/news\/semler-scientific-reports-paper-loss-bitcoin-floats-securities-sale?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsHealthcare technology firm Semler Scientific has reported paper losses on its Bitcoin holdings over the first quarter of this year as the cryptocurrency saw a heavy correction.\u00a0 The&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127261"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127261"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127261\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127261"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}