Semler Scientific: Bitcoin-related Book Losses Reach $41.8 Million in Q1 2025

Nasdaq-listed company Semler Scientific, which adopts a bitcoin reserve strategy, released a report disclosing that its bitcoin holdings suffered a significant unrealized loss in the first quarter of 2025. According to the latest documents submitted to the U.S. Securities and Exchange Commission (SEC), the company reported a book loss of approximately $41.8 million, primarily due to a sharp decline in bitcoin prices, dropping from $93,500 at the beginning of January to nearly $82,000. Semler Scientific also disclosed that as of the end of Q1 2025, it held 3,182 BTC, making it the twelfth largest bitcoin-holding enterprise globally, right behind Boyaa Interactive. The company's CEO, Doug Murphy-Chutorian, reiterated that despite the loss, they would not abandon their digital asset strategy, having previously filed documents with the SEC to issue $500 million in securities to purchase more bitcoin.