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FrançaisSemler Scientific, a company that holds Bitcoin as a reserve asset, saw its shares drop after poor Q1 2025 revenue figures. Despite a $64.7 million loss, the company continues to buy Bitcoin and now holds 3,808 BTC. More companies are investing in Bitcoin, which could impact the market.
Semler Scientific, a company that produces medical equipment and has adopted Bitcoin as a reserve asset, saw its shares fall by almost 2% in after-hours trading yesterday. The company's revenue declined by 44% over the past year, coming in at $8.8 million for the first quarter of 2025. This resulted in a net loss of $64.7 million for Semler.
Bitcoin company in trouble
When you see these kinds of numbers, you might almost think that Semler Scientific's Bitcoin strategy was a last resort. These are certainly not the figures you would expect from a healthy company.
Despite the multi-million dollar loss, Semler Scientific managed to purchase 894 Bitcoin in the first quarter of 2025, bringing its total holdings to 3,192 BTC by the end of March.
Between the end of the first quarter and today, Semler also bought another 616 Bitcoin for a total of $59.6 million. This brings its total holdings to 3,808 BTC, worth $387.9 million.
For these 3,808 Bitcoin, the company paid $340 million, resulting in a net profit of approximately $47.9 million for Semler Scientific. This is not a huge profit, especially considering the $64.7 million loss it had to take in the first quarter.
More companies are buying Bitcoin
Incidentally, Semler Scientific is not the only publicly traded company trying to buy Bitcoin quickly.
According to Bitcoin investment firm River, companies were the biggest buyers of BTC in 2025. Together, companies now hold 787,000 BTC, with a total of 104 publicly traded companies regularly buying Bitcoin.
Strategy is, of course, the largest in this area. They now own more than 568,000 BTC, which accounts for nearly 3% of all 21 million Bitcoin that will ever be in circulation.
Strategy is now also facing competition from Twenty One Capital, for which investor Tether bought another 4,812 Bitcoin this week for over $400 million.
In this world, hundreds of millions of dollars are regularly thrown around to acquire more Bitcoin. This could mean that the digital currency is in for a very special period.
