Semler Scientific, a medical gadget firm, bought of $50 million price of Bitcoin between Could 13 and Could 22, bringing the market worth of the corporate’s Bitcoin (BTC) holdings to $474.4 million, protecting it inside the high 13 of BTC Treasury firms.
Based on a Could 23 disclosure, Semler purchased a complete of 455 BTC for a mean buy worth of $109,801. To purchase the Bitcoin, Semler Scientific used proceeds from an at-the-market inventory providing program. To date, 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 worth is essentially according to 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 Could 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 subject debt to purchase BTC, had been drawing the curiosity of buyers in search of publicity to Bitcoin worth fluctuations.
Michael Saylor’s Technique debuted its BTC reserve in August 2020, when it began buying Bitcoin. Bitcoin is up 181.6% yr thus far, whereas Semler Scientific shares rose 53% since asserting the BTC method in Could 2024.
Journal: ZK-proofs are bringing good contracts to Bitcoin — BitcoinOS and Starknet
