Semler Scientific, a medical machine firm, bought of $50 million value of Bitcoin between Might 13 and Might 22, bringing the market worth of the corporate’s Bitcoin (BTC) holdings to $474.4 million, retaining it throughout the high 13 of BTC Treasury firms.
In response to a Might 23 disclosure, Semler purchased a complete of 455 BTC for a median buy value of $109,801. To purchase the Bitcoin, Semler Scientific used proceeds from an at-the-market inventory providing program. Up to now, the corporate has offered roughly 3 million shares of frequent inventory for web proceeds of $115 million.
Semler Scientific’s shares have fallen 1.36% on the identical day because the disclosure, although the lower in its share value is basically in keeping with the Nasdaq’s efficiency. That index, which follows high tech shares, is down 1% on the day.
In its Q1 2025 earnings report launched on Might 13, the corporate revealed a 44% drop in income year-over-year. Regardless of the claimed success of its Bitcoin treasury plan, Semler Scientific’s shares have dropped 18% in 2025, based on Google Finance.
Bitcoin treasury firms, or firms that historically promote fairness or concern debt to purchase BTC, had been drawing the curiosity of buyers in search of publicity to Bitcoin value fluctuations.
Michael Saylor’s Technique debuted its BTC reserve in August 2020, when it began buying Bitcoin. Bitcoin is up 181.6% yr up to now, whereas Semler Scientific shares rose 53% since saying the BTC strategy in Might 2024.
Journal: ZK-proofs are bringing sensible contracts to Bitcoin — BitcoinOS and Starknet
