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Semler Scientific: Bitcoin-related book losses reached $41.8 million in the first quarter of 2025

Semler Scientific: Bitcoin-related book losses reached $41.8 million in the first quarter of 2025

CointimeCointime2025/04/20 02:22
By:Cointime

Semler Scientific, a NASDAQ-listed company using a bitcoin reserve strategy, disclosed in a report that its holdings of bitcoin suffered a huge unrealized loss in the first quarter of 20205. The latest documents submitted to the U.S. Securities and Exchange Commission (SEC) show that the company's book loss is about $41.8 million, mainly due to a significant drop in the price of bitcoin, from $93,500 in early January to nearly $82,000.

Semler Scientific also disclosed that it held 3,182 BTC at the end of the first quarter of 2025, making it the twelfth largest bitcoin holding company in the world, second only to Bovia Interactive. The company's CEO, Doug Murphy-Chutorian, reiterated that they will not abandon their digital asset strategy despite the losses, and had previously submitted documents to the SEC to issue $500 million in securities to raise funds to purchase more bitcoin.

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