Semler Scientific, a medical device company, experienced a drop in its share price following a decrease in first-quarter revenues and increased losses compared to the previous year. In the Q1 earnings report released on May 13, Semler revealed a 44% decline in total revenues to $8.8 million, with net losses reaching $64.7 million, a significant contrast to the $6.1 million net income in Q1 2024. Despite a 5% increase in share value during trading on May 13, Semler's stock fell by 1.91% to $36 after the earnings announcement. The company disclosed the purchase of 894 Bitcoin in Q1, holding 3,192 BTC valued at $263.5 million by the quarter's end. Semler's aggressive Bitcoin accumulation strategy has seen its holdings rise to 3,808 BTC valued at $387.9 million, with unrealized gains of $41.6 million in Q1 and a total paper gain of $52 million this year. Read more AI-generated news on: https://app.chaingpt.org/news

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