Semler Scientific, a medical device company, purchased $50 million worth of Bitcoin (completed between May 13 and 22), and the company's Bitcoin holdings increased in market value to $474.4 million, ranking it among the top 13 Bitcoin treasury holders.
According to the disclosure on May 23, Semler purchased a total of 455 Bitcoins at an average price of $109,801 each. To acquire Bitcoin, Semler utilized funds from a stock market issuance plan, having currently issued approximately 3 million shares of common stock, with net proceeds reaching $115 million.
On the same day, Semler's stock price fell by 1.36%, but the decline was mainly in line with the overall performance of the Nasdaq, which also dropped by 1% that day.
In the quarterly financial report for Q1 2025 released on May 13, the company announced a 44% year-over-year decline in its revenue. Despite claims of success in its Bitcoin financial strategy, Semler's stock price has dropped by 18% since 2025.
Bitcoin treasury companies, which buy BTC by selling equity or issuing debt, have attracted the attention of investors looking for opportunities in Bitcoin price fluctuations.
Michael Saylor's company first announced its Bitcoin reserves in August 2020. Bitcoin rose 181.6% that year, and since Semler announced its Bitcoin plan in May 2024, its stock price has increased by 53%.
