Semler Scientific

Semler Scientific reported a Bitcoin impairment loss of approximately $41.8 million in Q1 this year

ChainCatcher news, according to CryptoPotato, medical diagnostics company Semler Scientific disclosed in an SEC filing submitted on April 15 that it incurred an unrealized loss of approximately $41.8 million from Bitcoin investments in the first quarter of 2025. This loss resulted from the BTC price plummeting from $93,500 at the beginning of January to about $82,000 by March 31.Despite facing losses, Semler still holds 3,182 Bitcoins, making it the twelfth largest corporate Bitcoin holder in the world, just behind Boyaa Interactive International Limited. CEO Doug Murphy-Chutorian reiterated the company's dual strategy of focusing on both Bitcoin accumulation and medical innovation.Financially, Semler expects first-quarter revenue to be between $8.8 million and $8.9 million, but anticipates an operating loss of $1.3 million to $1.5 million. As of March 31, the company held approximately $10 million in cash and cash equivalents.Meanwhile, Semler announced through another 8-K filing that it has reached a principle agreement with the U.S. Department of Justice (DOJ) to pay approximately $30 million to resolve a long-standing legal dispute. This dispute involves the company allegedly charging Medicare for medical devices through improper marketing, in violation of the False Claims Act.Semler also announced plans to issue up to $500 million in securities, with the proceeds to be used for general corporate purposes, including continued cryptocurrency purchases. Since the beginning of the year, the company's stock traded on NASDAQ (SMLR) has fallen over 22%.

Analysis: The next wave of corporate Bitcoin adoption is about to arrive

ChainCatcher news, according to CoinDesk, as interest in digital assets continues to grow, the corporate adoption of Bitcoin seems to be entering a new phase, with several publicly traded companies following MicroStrategy's lead by incorporating Bitcoin into their balance sheets.In 2024, multiple companies began to emulate and adopt Bitcoin financial strategies, such as Metaplanet (3350), Semler Scientific (SMLR), and MARA Holdings (MARA). The first company in the second wave is KULR Technology Group (KULR), which is listed on the NYSE.As of January 7, it seems that some publicly listed companies have announced Bitcoin financial strategies but have not yet made any Bitcoin purchases. First is Acurx Pharmaceuticals (ACXP), listed on NASDAQ. Its board approved a Bitcoin purchase plan of up to $1 million on November 20. Since November 19, its stock price has dropped by 35%, but it has risen by 30% year-to-date.Similarly, NASDAQ-listed Hoth Therapeutics (HOTH) also had its board approve a $1 million Bitcoin purchase plan on November 20, but it has not completed the purchase. However, since November 19, its stock price has increased by 2%.The third company is NASDAQ-listed LQR House (YHC). The company announced on November 19 that it would accept cryptocurrency payments and retain up to $10 million in Bitcoin payment funds through policy. To date, its stock price has risen by 56% since November 19.The last one is NYSE-listed SOS Limited (SOS), which approved a $50 million Bitcoin purchase plan on November 27. At the time of the announcement, the price of Bitcoin was $93,000 each. Since November 19, its stock price has dropped by 30%.
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