Semler Scientific Reports Significant Unrealized Losses in Bitcoin Holdings

According to PA News, Semler Scientific has reported an unrealized loss of approximately $41.8 million in bitcoin for the first quarter of 2025. This sharp decline is attributed to the notable drop in bitcoin's price, which fell from $93,500 at the beginning of the year to around $82,000 by the end of March.

As of March 31, 2025, Semler Scientific holds a total of 3,192 bitcoins. Based on the current market value, these holdings are approximately worth $264 million. This substantial amount underlines the impact of bitcoin's volatility on the company's financial health, showcasing the risks associated with cryptocurrency investments.

Settlement with the Department of Justice

In addition to the financial challenges due to its bitcoin investments, earlier this week, it was reported that Semler Scientific agreed to pay $29.75 million to the U.S. Department of Justice to settle a fraud investigation. This settlement adds another layer of complexity to the company's financial situation, highlighting the need for strategic adjustments in their operations and investment strategies.#BTC #SOL