Semler Scientific purchases Bitcoin worth $50 million
According to Cointelegraph, medical device company Semler Scientific purchased $50 million worth of Bitcoin between May 13 and 22, increasing its Bitcoin holdings market value to $474.4 million, ranking among the top 13 BTC Treasury companies.
A disclosure on May 23 showed that Semler bought 455 BTC at an average price of $109,801, funded by a stock issuance plan, having sold about 3 million shares of common stock, with a net gain of $115 million.
Semler Scientific's stock price fell 1.36% on the day of the disclosure, in line with the Nasdaq index, which also dropped 1% on the same day.
The first quarter 2025 financial report showed that the company's revenue decreased by 44% year-on-year. Despite the success of the Bitcoin plan, Semler's stock price fell by 18% in 2025.
Bitcoin Treasury companies attract investors' attention to Bitcoin price fluctuations. Michael Saylor's Strategy began purchasing Bitcoin in August 2020.