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Semler Scientific: Bitcoin-related paper losses reached $41.80 million in the first quarter of 2025

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2025-04-20 01:31:42
Nasdaq-listed company Semler Scientific, which uses a bitcoin reserve strategy, released a report revealing that its holdings of bitcoin suffered a large unrealized loss in Quarter 1 of 20205. The latest filing with the Securities Exchange Commission (SEC) shows that the company's paper loss is about $41.80 million, mainly due to the sharp drop in bitcoin prices, from $93,500 in early January to nearly $82,000.
Semler Scientific also disclosed that it held 3,182 BTC as of the end of the first quarter of 2025, making it the 12th largest bitcoin holder in the world after Boya Interactive. The company's CEO, Doug Murphy-Chutorian, reiterated that it will not abandon its digital asset strategy because of losses. He has previously filed documents with the Securities Exchange Commission to issue $500 million securities to raise funds to buy more bitcoins.
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