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Semler Scientific, a medical gadget firm, purchased of $50 million price of Bitcoin between Might 13 and Might 22, bringing the market worth of the corporate’s Bitcoin (BTC) holdings to $474.4 million, keeping it throughout the prime 13 of BTC Treasury firms.
In response to a Might 23 disclosure, Semler purchased a complete of 455 BTC for a median buy worth of $109,801. To purchase the Bitcoin, Semler Scientific used proceeds from an at-the-market inventory providing program. To this point, the corporate has bought roughly 3 million shares of widespread 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 in keeping with the Nasdaq’s efficiency. That index, which follows prime 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 revenue year-over-year. Regardless of the claimed success of its Bitcoin treasury plan, Semler Scientific’s shares have dropped 18% in 2025, in response to Google Finance.
Bitcoin treasury firms, or firms that historically promote fairness or difficulty debt to purchase BTC, had been drawing the curiosity of traders on the lookout for 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 to this point, whereas Semler Scientific shares rose 53% since asserting the BTC method in Might 2024.
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