- Semler Scientific bought 455 more BTC for USD 50M between May 13–22, bringing its total holdings to 4,264 BTC, worth around USD 457M. It now ranks as the 13th largest corporate Bitcoin holder.
- Despite legal and financial troubles, including a USD 30M DOJ probe and a Q1 net loss of USD 64.7M, Semler doubled down on its Bitcoin pivot, reporting a 25.8% BTC yield in 2025 and adding pro-BTC figures to its board.
Semler Scientific has doubled down on its Bitcoin strategy, adding another US$50M (AU$76M) to its BTC stash. The company disclosed in a new SEC filing that it bought 455 BTC between May 13 and May 22 at an average price of US$109,801 (AU$168,942) per coin.
That brings its total holdings to 4,264 BTC, worth around US$457M (AU$702M) at current prices, making Semler the 13th largest corporate holder of Bitcoin globally. Its total cost basis sits at US$390M (AU$599M), averaging US$91,471 (AU$140,667) per coin.
Despite Bitcoin dipping nearly 4% in the past 24 hours and currently trading just above US$107,000 (AU$164k), Semler remains deep in profit. Chairman Eric Semler says the company has logged a 25.8% BTC yield so far this year.
Semler became the second public US company to formally adopt Bitcoin as a treasury asset in 2024, following Strategy, which began accumulating BTC back in 2020. Strategy now holds 576,230 BTC, by far the largest corporate Bitcoin reserve, worth more than US$62B (AU$95B).
Related: 10X Research: Bitcoin’s New Highs Spark Quiet Sell-Off by OG Wallets
Semler’s Bitcoin Pivot Divides Investors
Reactions have been mixed. Some investors see opportunity in Semler’s shift toward hard money; others question the logic of pairing a struggling medtech business with a volatile asset class.
Adding to the uncertainty is a pending US$30M (AU$46M) lawsuit and fraud investigation from the Department of Justice, still unresolved, which adds another layer of legal risk to an already high-leverage strategy.
The company reported a US$64.7M (AU$99.5M) net loss in Q1 2025, alongside a 44% drop in revenue year-over-year. It also disclosed US$41.8M (AU$64M) in unrealised Bitcoin losses for 2023.
Despite that, Semler isn’t backing off. It formalised its crypto pivot by launching a Bitcoin Strategy Committee and appointing pro-Bitcoin media figure Natalie Brunell to its board. The company has made clear it now views digital assets as central to its long-term plans.
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