Semler’s Bitcoin Bonanza: Is This a Genius Move or Just Plain Madness? 🤔💰

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In a twist that would make even the most seasoned Wall Street wolves raise an eyebrow, Semler Scientific (NASDAQ: SMLR) has decided to throw caution to the wind and dive headfirst into the shimmering abyss of Bitcoin. While other healthcare tech firms are huddled in their corners, clutching their balance sheets like a child with a teddy bear during a thunderstorm, Semler is busy stacking up its Bitcoin vault. With a fresh $114.8 million from a stock offering, they’ve managed to snatch up 455 BTC in less than 10 days. Talk about a shopping spree! 🛒💸

Now, hold onto your hats, because this brings their total stash to a jaw-dropping 4,264 Bitcoin, valued at a staggering $474.4 million as of May 22. Who knew healthcare could be so… lucrative?

This is not just a casual stroll through the crypto park; this is a full-throttle strategy, folks!

Semler’s Cure for Growth? More Bitcoin

Between May 13 and May 22, Semler bought 455 BTC at an average price of $109,801 per coin. And how did they fund this little escapade? With proceeds from an April 15 at-the-market (ATM) stock program that allows them to sell up to $500 million in shares. Because why not sell a few million shares to fund a digital currency adventure?

So far, they’ve sold more than 3 million shares, raking in over $114.8 million. And guess where that cash is going? Yep, straight into Bitcoin. 💰

Was this a knee-jerk reaction to the latest trend? Oh, heavens no! In their SEC filing, they made it crystal clear: Bitcoin is now a core part of their financial strategy. They’re even tracking the “Bitcoin Yield,” which they claim stands at a dazzling 25.8% year-to-date. Who needs traditional investments when you have Bitcoin, right?

Losses Stack Up, But So Does Bitcoin

Now, let’s not get too carried away. Semler’s Bitcoin buying spree comes at a time when the company is struggling financially. They posted a net loss of $64.7 million in Q1 2025, and revenue plummeted by 44% compared to last year. Makes you wonder if they’re really in the best position to be playing the crypto game, doesn’t it?

And as of March 2023, they reported $41.8 million in paper losses on their Bitcoin holdings, with BTC trading at around $82,350 at the time. But hey, who’s counting? 🤷‍♂️

Still, the company is committed. And now, with Natalie Brunell, a well-known Bitcoin advocate, joining the board and leading the new Bitcoin Strategy Committee, things are getting serious. This is all in if I ever saw it!

More Challenges Ahead?

But wait, there’s more! Legal troubles are lurking in the shadows. Semler has reached a preliminary agreement to pay nearly $30 million in a civil settlement related to a Department of Justice investigation. The details are as murky as a foggy morning, but it certainly adds pressure at an already risky moment.

Semler Now One of Bitcoin’s Biggest Corporate Holders

With this latest purchase, Semler has catapulted itself to the rank of the 12th-largest public holder of Bitcoin, surpassing even the likes of Boyaa Interactive. They’ve even launched a live Bitcoin dashboard to display their holdings—because nothing says transparency like a flashy dashboard!

Semler is betting that Bitcoin is the right long-term move. It’s a high-risk, high-reward play that few in traditional healthcare would dare to make. Let’s see if it pays off, or if they’ll be left holding the bag! 🎒💔

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2025-05-23 16:35