The healthcare technology company Semler Scientific has reported the paper losses in its Bitcoin handling in the first quarter of this year while cryptocurrency has seen a heavy correction.
The firm reported a preliminary misceive File with the Securities and Exchange Commission on April 15.
Semler declared the handles of 3,182 Bitcoin (Btc) worth about $ 263.5 million until March 31. During the three -month period, BTC prices fell 12% from $ 93,500 at the beginning of January to $ 82,350 at the end of March. The entire correction from all times high to the lower bottom $ 75,000 on April 7 stood at 32%.
Semler reported the expected revenue of $ 8.8 to $ 8.9 million and losses to running $ 1.3 to $ 1.5 million for the period. It held cash and cash equivalent to approximately $ 10 million to March 31.
In November, the semler scientific CEO Doug Murphy-Chutorian said“We remain laser focused on getting and handling Bitcoin while supporting change and growth in our health care business.”
Semler is the twelfth largest BTC corporation holder, leading the Hong Kong gaming firm Boyaa Interactive International Limited, According to In the Bitbo Data.
Semler It was also reported that it came to a principle agreement to pay nearly $ 30 million to resolve claims related to a civil investigation by the Department of Justice.
Semler floats $ 500 million sale of security
In a separate April 15 seg filing, the firm Outlined Its plan to offer and sell security worth up to $ 500 million, in part to continue the approach to getting bitcoin.
Related: Healthcare tech firm Semler bought 871 Bitcoin, yielding tops of 150%
“We can offer and sell security occasionally in one or more offerings, up to a combined amount of $ 500,000,000,” he said. Semler’s common stock is listed in Nasdaq under the SMLR symbol.
“Our stock price is a change of mind and can continue to be a change of mind,” the firm warned. Medical firm shares have fallen 36% since the beginning of 2025.
The price of SMLR year-to-date. Source: Finance on Google
Semler aims to use net income from sale of security “especially for general corporate purposes, including getting bitcoin,” he stated.
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