- Semler Scientific ranks as the twelfth-largest corporate holder of Bitcoin, possessing 3,192 BTC valued at $266.41 million.
- Bitcoin constitutes nearly 50% of Semler’s market capitalization; however, the stock has dropped 37% year-to-date.
- The company’s strategy has incurred losses on 15 out of its last 16 Bitcoin purchases, amounting to billions.
The healthcare technology company Semler Scientific is looking to increase its Bitcoin (BTC) investment with a $500 million securities offering, even though it has already sustained a 5% loss from prior acquisitions.
This decision arises as Bitcoin struggles to maintain the $85,000 level. Despite the fluctuating prices, firms like Semler, Strategy, and Metaplanet seem unfazed, utilizing this market downturn as a buying opportunity.
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$500 Million Fundraising Initiative
As per a recent filing with the U.S. Securities and Exchange Commission, Semler intends to raise $500 million through a securities offering to bolster its Bitcoin holdings and fuel its core healthcare operations.
Currently, Semler is recognized as the twelfth-largest corporate holder of Bitcoin , with a total of 3,192 BTC valued at $266.41 million. This Bitcoin was acquired at an average price of $87,850, leading to a paper loss of approximately $14 million.
The company has not disclosed how much of the $500 million will be allocated to Bitcoin. Nevertheless, it is anticipated that a portion of the funds will also support working capital and potential technology investments.
Challenges for Strategy
Semler is not alone in its commitment during these market challenges. Bitcoin treasury leader Strategy (previously known as MicroStrategy) has experienced billions in unrealized losses over the past five months.
Company filings reveal that 15 out of 16 Bitcoin purchases made by Strategy since November 18, 2024, are currently at a loss. On April 14, 2025, the firm acquired an additional 3,459 BTC at $82,618, totaling an expenditure of $285.8 million.
Strategy currently holds 531,644 BTC, valued at $44.4 billion , with the average acquisition price being $67,584.
Metaplanet’s Ongoing Investments
Similarly, other Bitcoin treasury firms, including Japan’s Metaplanet, have weathered recent market fluctuations and show confidence that the worst of the Bitcoin sell-off has passed, as they issue millions in bonds to facilitate their BTC purchases.
Metaplanet currently controls 4,525 BTC valued at $377.4 million. Acquired at an average price of $85,296, the firm’s investment reflects a 2.22% loss. However, securing a significant acquisition below this average could mitigate some of these minor losses if Bitcoin prices remain stable.
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