Semler Scientific (NASDAQ: SMLR) now holds 3,808 BTC after acquiring 1,510 coins since early 2025. Their Q1 revenue report indicated that despite a net loss of $64.7 million, the growth of their Bitcoin reserve generated a 22.2% BTC yield by May 12.
Eric Semler, the Chairman, mentioned that they continue to utilize their operating cash flow to build their Bitcoin Arsenal, which is funded through both debt and equity. He also expressed enthusiasm about launching the Semler Scientific Dashboard on their website, aimed at providing the public with regularly updated details on their Bitcoin holdings and other vital metrics.
The newly introduced Bitcoin Dashboard offers real-time updates on BTC holdings, along with key performance indicators such as BTC yield, gains in BTC, and dollar gains. In the first quarter of 2025, Semler acquired 894 BTC for $90.7 million, followed by 616 BTC for $59.6 million until May 12. Currently, the total fair value of their Bitcoin holdings is around $387.9 million, based on prices as of May 12.
This quarter was highlighted by significant non-operational fees, including an unrealized loss of $41.8 million linked to fluctuations in Bitcoin’s valuation and a $29.75 million liability concerning a contract with the U.S. Department of Justice. Revenue for Q1 2025 reached $8.8 million, a drop of 44% compared to the previous year. Meanwhile, operating expenses surged to $39.9 million, largely due to litigation provisions and audit-related costs, leading to a reported loss of $74.9 million before tax.
Doug Murphy-Chutorian, MD and CEO, noted early success in their healthcare line, particularly with cardiovascular products. Additionally, details emerged regarding their funding initiative, which includes a $100 million convertible note offer and a new market equity program that has already raised over $61 million under the latest contract.
