Semler Scientific Buys 455 BTC with $114.8M from a Recent Stock Offering

Semler (NASDAQ: SMLR) just doubled down on Bitcoin in a bold move that's catching the eye of both Wall Street and the crypto crowd.

Semler Scientific (NASDAQ:SMLR) just bought 455 BTC for $114.8M from a recent stock offering. The healthcare tech firm now holds 828 BTC worth over $57 million.

Semler officially adopts Bitcoin as its primary treasury reserve asset.

Healthcare tech firm Semler Scientific is making a bold move that’s sure to catch the eye of both Wall Street and the crypto crowd.

While most firms are playing it safe with the global turmoil, Semler is going all in on Bitcoin.

The company used proceeds from a recent stock offering to buy 455 BTC in less than 10 days, and now holds 828 BTC valued at over $57 million.

Semler’s Cure For Growth: More Bitcoin

Between May 13 and May 22, Semler acquired 455 BTC at an average price of $109,801. The purchase was funded using the net proceeds from its April 15 at-the-market (ATM) program.

This program allows the company to sell up to $500 million in shares. So far, it has sold more than 3 million shares, raising over $114.8 million, which is going straight into Bitcoin.

The company’s strategy is clear: it’s pivoting towards a more structured approach with a dedicated committee focused on Bitcoin.

In its SEC filing, Semler stated: “The company has adopted Bitcoin as its primary treasury reserve asset and is tracking the Bitcoin Yield, which is 25.8% YTD.”

This “Bitcoin Yield” is calculated by dividing the total realized gain on Bitcoin sales by the average principal investment in Bitcoin for the year to date.

Semler’s Bitcoin buying spree comes as the company is struggling financially.

It posted a $64.7 million net loss in Q1 2025, and revenue decreased by 44% compared to last year.

The firm also reported a paper loss of $41.8 million on its Bitcoin holdings as of March 23, 2023, when BTC was trading around $82,350.

However, Semler remains committed to its Bitcoin strategy, which is now getting more structure with the appointment of Natalie Brunell to the board.

Brunell, a well-known Bitcoin advocate, will lead the new Bitcoin Strategy Committee at the company.

Semler is now the 12th-largest public holder of Bitcoin, surpassing names like Boyaa Interactive.

The company has also launched a live Bitcoin dashboard on its website to display its holdings and align with public reporting rules.

The company 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.

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The post Semler Doubles Down On Bitcoin, Buys 455 BTC For $114.8M In Less Than 10 Days appeared first on Benzinga.

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