The Bitcoin-Buying of the medical scientific medical device has seen a decrease in sharing price after the bell as first-quarter income fell and losses deepened from last year.
In the revenues of Q1 Report Released on May 13, Semler reported that its total income dropped 44% from last year to the quarter to $ 8.8 million, with a net losses that hit $ 64.7 million compared to a net revenue of $ 6.1 million in the first quarter of 2024.
Shares to the semler scientific (SMLR) closed the May 13 trade session up to 5% but fell 1.91% to $ 36 after the bell with its income announcement, According to In Google Finance. Semler’s stock has dropped more than 32% to this year.
The company said it bought 894 Bitcoin (Btc) more than Q1 and held 3,192 BTCs at a fair amount of $ 263.5 million at the end of the quarter, reflecting a combined -with a decrease of $ 16.9 million.
Semler added that between the end of the Q1 and May 12, it bought 616 BTC for a total cost of $ 59.6 million, increasing its holdings to 3,808 BTC at a fair amount of $ 387.9 million at a purchase cost of $ 340 million.
Semler said it made an uncertain benefit of $ 41.6 million in its Bitcoin handling in Q1, and its paper obtained continued to climb $ 52 million until this year, until May 12.
Currently, Semler’s debt on Bitcoin’s net asset cost is 25.3%, According to on its bitcoin dashboard.
Semler is aggressively ramping on its bitcoin handles. During a filing of April 15 SEC, the company laid out its plans to sell $ 500 million of its own sharing, with part of the proceeds used to strengthen its bitcoin treasury.
The purchase of bitcoin companies on increase
Bitcoin Investment Firm River reports that corporations and businesses have became the largest buyers of the net Of Bitcoin to this year, outpacing exchange-traded funds and retail investors.
Nearly 787,000 BTC is held by a total of 104 public companies, according to bitcointreasuries.net Data.
The approach, former microstrategy, is the largest buyer of Bitcoin and currently holds more than 568,000 BTC, or nearly 2.7% of the total Bitcoin supply.
Related: Semler Scientific bought another $ 10m BTC worth
Analysts said Bitcoin is Now deflationaryAs the approach claims it has no plans to sell its Bitcoin handles.
Meanwhile, on May 13, Stablecoin Issuer Tether bought $ 459 million The value of bitcoin for twenty -one capital, a Bitcoin investment company that is set to combine with partners in equity equity.
Twenty-one capital is the current third-largest Bitcoin holder after approach and Mara holdings.
Blockstream CEO Adam Back said in April that demand from institutions would likely lead to “hyperbitcoinization,” which could detect capitalization of the asset market past $ 200 trillion.
Magazine: Adam said back
