Tag: Semler

  • The Blockchain Group, Smarter Web Company and Semler Scientific buy over 500 Bitcoin on Monday

    The Blockchain Group, Smarter Web Company and Semler Scientific buy over 500 Bitcoin on Monday

    Wintermute secures Bitcoin-backed credit line from Cantor Fitzgerald

    • The Blockchain Group and the Smarter Web Company have increased their exposure to Bitcoin.
    • US-based healthcare technology company Semler Scientific also reported a fresh Bitcoin purchase of 187 BTC.
    • Earlier in the day, Metaplanet announced adding 2,204 BTC to its treasury.

    France-based The Blockchain Group and the United Kingdom’s Smarter Web Company have increased their exposure to Bitcoin, joining a growing number of corporates bolstering digital asset reserves.

    In a Monday announcement, The Blockchain Group disclosed the purchase of 116 Bitcoin for approximately €10.7 million ($12.55 million).

    Meanwhile, the Smarter Web Company announced it had acquired 226.42 BTC for £17.9 million ($24.34 million).

    The acquisitions took place at an average cost of roughly $106,000 and $106,750 per coin, respectively.

    Following the purchases, The Blockchain Group’s Bitcoin holdings now stand at 1,904 BTC, while the Smarter Web Company holds around 1,000 BTC.

    Alexandre Laizet, deputy CEO of The Blockchain Group, stated in a post on X (formerly Twitter) that the firm’s Bitcoin yield in 2025 had reached 1,348.8%.

    The Smarter Web Company reported a year-to-date yield of 26,242%.

    Semler Scientific also buys BTC

    Also on Monday, US-based healthcare technology company Semler Scientific reported a fresh Bitcoin purchase of 187 BTC for approximately $20 million, according to an 8-K filing with the US Securities and Exchange Commission.

    The Nasdaq-listed firm acquired the coins at an average price of $106,906 per bitcoin between June 4 and July 2.

    As of July 2, Semler said it had sold 4.1 million shares under the ATM program, raising $156.6 million in net proceeds.

    The company’s total Bitcoin holdings now stand at 4,636 BTC, acquired at an average price of $92,753 per coin.

    Based on current market prices, Semler is sitting on approximately $72 million in unrealized gains, with total acquisition costs — including fees and expenses — amounting to $430 million.

    The corporate rush for Bitcoin

    The uptick in corporate Bitcoin purchases reflects a broader trend driven by favorable market conditions, ETF inflows, and rising institutional interest.

    Firms such as Strategy — the world’s largest corporate holder of Bitcoin — continue to lead this movement.

    Strategy on Monday disclosed that its unrealized gains had reached $14 billion in the second quarter of 2025, surpassing prior expectations of $13 billion.

    The company’s latest acquisition, announced on June 30, involved the purchase of 4,980 BTC for $531.1 million.

    Separately, Japan’s Metaplanet added 2,204 BTC to its treasury on Monday, spending $237 million.

    The company now holds 15,555 BTC at an average price of approximately $99,985 per coin.

    The continued accumulation by public companies underscores the growing perception of Bitcoin as a treasury reserve asset.

    As market participants await Q3 activity, corporate interest appears to be sustaining momentum amid macroeconomic uncertainty and evolving digital asset regulation.

     

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  • Semler Scientific loses $41.8M on Bitcoin in Q1 2025

    Semler Scientific loses $41.8M on Bitcoin in Q1 2025

    Bitcoin eyes $100K? Hayes cites treasury buybacks, weak dollar as catalysts

    • Company held 3,182 BTC worth $263.5 million.
    • Corporate BTC holdings rose 16.1% to 688,000 BTC.
    • Semler plans a $500 million securities offering.

    Semler Scientific has reported a $41.8 million unrealised loss on its Bitcoin holdings in the first quarter of 2025, underscoring the risks of crypto exposure among corporates.

    The healthcare technology firm disclosed the loss in an April 15 filing with the US Securities and Exchange Commission (SEC), citing a decline in the fair value of its Bitcoin portfolio between 31 December and 31 March.

    Bitcoin drops 12% in Q1

    Bitcoin’s price declined by 12% during the quarter, falling from $93,500 to $82,350. That drop led to a sharp markdown in Semler’s crypto holdings, which stood at 3,182 BTC, valued at $263.5 million as of March 31.

    The situation worsened in early April, with Bitcoin sliding below $75,000—a 32% correction from its all-time high.

    Despite this, the company has not altered its crypto strategy. CEO Doug Murphy-Chutorian had earlier noted Semler’s dual focus on healthcare innovation and Bitcoin acquisition, a stance that remains unchanged in light of the recent downturn.

    Corporate Bitcoin holdings rise 16%

    While Semler faced paper losses, public companies overall expanded their Bitcoin exposure.

    Data from Bitwise shows that listed firms added 95,431 BTC in Q1 2025—a 16.1% increase from the previous quarter.

    By March-end, these holdings totalled 688,000 BTC, with a combined valuation of $56.7 billion based on the quarter’s closing price of $82,445 per Bitcoin.

    According to blockchain tracker Bitbo, Semler is now the twelfth-largest corporate holder of Bitcoin, surpassing companies such as Boyaa Interactive.

    The trend highlights sustained institutional demand, even amid market volatility.

    Revenue and legal settlement update

    Semler’s quarterly revenue was estimated between $8.8 million and $8.9 million, with operating losses projected between $1.3 million and $1.5 million.

    The company also reported $10 million in cash and equivalents as of March 31.

    Along with this, Semler disclosed a preliminary agreement to settle a civil investigation by the Department of Justice for close to $30 million. The filing did not specify the nature of the probe.

    $500M securities offering planned

    Semler also filed plans to raise up to $500 million through securities offerings, with part of the proceeds potentially going towards further Bitcoin acquisitions.

    The company stated it may offer and sell securities “from time to time… up to an aggregate value of $500,000,000.”

    Shares of Semler, listed on Nasdaq under the ticker SMLR, are down 36% so far in 2025.

    The company acknowledged recent price swings and warned of continued volatility ahead, although it has not indicated any change to its digital asset strategy.

    At the same time, interest in Bitcoin at the policy level continues to build in the US.

    Data from Bitcoin Law indicates that 47 Bitcoin-related bills have been introduced across 26 states, with 41 still active.

    On April 5, Kentucky became the latest to adopt digital asset protections with the passage of House Bill 701—the “Bitcoin Rights” law—under Governor Andy Beshear.

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