Semler Scientific Announces $65M Deficit While Increasing Bitcoin Assets to 3,808 BTC

Healthcare organization Semler Scientific revealed on May 13 that despite a $65 million net loss, it has grown its Bitcoin holdings to 3,808 BTC, valued currently at $395 million. The update also included the company's Bitcoin Yield of 22% year to date. Semler's chairman, Eric Semler, mentioned that the firm has introduced a public dashboard to provide regular updates on its Bitcoin holdings and other key metrics.

While the firm reported decreased revenue figures of $8.8 million, a 44% year-on-year decrease, it continues to add to its Bitcoin treasury through income from FDA-approved products and services. The post also highlighted that businesses and corporations are acquiring Bitcoin faster than institutional funds and governments this year.