Publicly traded Semler Scientific, a medical device company operating under a Bitcoin standard, is looking to raise $500 million to buy even more BTC. Although Semler Scientific suffered a paper loss of $50 million in the first quarter of 2025, it has a plan to buy more Bitcoin.
Semler Owns 3,182 Bitcoin
At the end of the first quarter, Semler Scientific held 3,182 Bitcoin, valued at $263.5 million. During the first quarter, they witnessed a 12% drop in the Bitcoin price, from $93,500 in January to $82,350 at the end of March.
In the meantime, of course, the Bitcoin price briefly jumped to $109,000. This was shortly before Donald Trump‘s inauguration, when the market still had a very different view of his presidency.
At the time, the idea was that Trump would be a positive force for Wall Street and Bitcoin. We now know that he certainly has other plans for the first few months of his second term as president.
Trump’s focus is on Main Street, not Wall Street.
Selling shares for $500 million
Now they’re planning to sell $500 million of their own shares. They don’t want to release these shares all at once, but rather gradually.
“We may, from time to time, offer and sell shares in one or more offerings, up to a total value of $500,000,000,” the company stated. Semler’s common stock is listed on the Nasdaq under the symbol SMLR.
“Our stock price has been volatile and may remain volatile,” the company warned. The medical company’s shares have fallen 36% since the beginning of 2025.
So Semler was hit harder than Bitcoin itself, which is something you often see with companies that operate under a BTC standard.
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