Semler Scientific bought 1,510 bitcoins this year and now owns 3,808 BTC
Semler Scientific (NASDAQ:SMLR) now holds 3,808 BTC after purchasing 1,510 coins since the beginning of 2025, according to their first-quarter earnings report. Despite a net loss of $64.7 million in the first quarter, the growing Bitcoin reserves helped 22.2% of BTC production to date as of May 12.
“We continue to use operating cash flow and earnings from debt and equity financing to add value to Bitcoin Arsenal,” said Eric Semler, chairman of Semler Scientific. “We are excited to launch the Semler Scientific dashboard today on our website to provide the public with regular updates on Bitcoin Holdings and other key metrics.”
Semler introduces a public-oriented Bitcoin dashboard on its website to provide real-time updates on BTC holdings and key performance metrics such as BTC yield, BTC gain and BTC $gain.
In the first quarter of 2025, the company added 894 BTC for $90.7 million, followed by 616 BTC acquired from May 12 to May 12 for $59.6 million. According to the May 12 price, the total fair value of Bitcoin holdings is now $387.9 million.
The quarter was marked by a large amount of non-operating expenses. These include $41.8 million unrealized losses in connection with the U.S. Department of Justice (DOJ) in principle related to a deal and $29.75 million of contingent liability.
Revenue for the first quarter of 2025 was $8.8 million, down 44% year-on-year. Operating expenses soared to $39.9 million driven by litigation regulations and audit-related expenses. As a result, the company reported a pre-tax loss of $74.9 million.
Semler Science Doug Murphy-Chutorian MD and CEO said the company’s healthcare business is showing early hope from its cardiovascular product line: “We expect these FDA clearing products and services to generate growth and cash from these FDA clearing products and services, which will increase our Bitcoin treasury strategy.”
Semler also details several financing plans, including a $100 million convertible notes product and a new financing plan for Market Equity, which has raised more than $61 million to date under its latest agreement.
