Semler Scientific Goes All-In on Bitcoin with $500 Million Investment, Despite Losses and Scandals!

Jakarta, Pintu News – Semler Scientific (SMLR), an American medical technology company, is making a surprising move in the crypto world.

Despite suffering losses from its investment in Bitcoin (BTC) and facing a $29.75 million settlement with the US Department of Justice (DOJ), the company is still desperate to apply for a $500 million securities issue to buy more Bitcoin.

The move has thrown the cryptocurrency world into turmoil again, given the huge risk the company is taking amidst a stressed financial situation.

Semler’s Ambitious Plan: Investing in Bitcoin Even at a Loss

Semler Scientific has filed a Form S-3 with the US Securities and Exchange Commission (SEC) to offer $500 million worth of securities. These funds are planned to be used for various corporate purposes, including adding to their Bitcoin portfolio.

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Currently, the company has pocketed 3,192 BTC, which is worth around Rp4.5 trillion. Even so, the company recorded an unrealized loss of around 5% as Bitcoin prices fell from the average purchase.

Previously, Semler bought 871 BTC worth $88.5 million or approximately Rp1.48 trillion between January and early February 2025. The average purchase price at the time was around $101,616 per Bitcoin (Rp1.7 billion).

But currently, the market price of Bitcoin is listed lower at $83,397 (Rp1.4 billion), increasing the company’s risk of loss amid its aggressive expansion into the cryptocurrency world.

DOJ Scandal and Crypto-Based Lending from Coinbase

At the same time, Semler Scientific was also dealing with the US Department of Justice.

They agreed to a settlement payment of $29.75 million for alleged violations of anti-fraud laws related to the marketing of their medical product, QuantaFlo. This settlement is a heavy blow to the company’s balance sheet.

To finance the settlement, Semler did not use regular cash funds, but instead applied for a cryptocurrency-based loan from Coinbase.

By pledging their Bitcoin reserves, Semler ensured settlement payments without having to sell other assets or disrupt company operations. This shows how much Semler relies on crypto-based strategies to manage their finances.

Semler’s Aggressive Bitcoin Strategy and How it Compares to Other Companies

Semler seems to be taking inspiration from the moves of other companies that are aggressively accumulating Bitcoin, such as Michael Saylor’s Strategy (formerly MicroStrategy).

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Recently, Strategy announced the purchase of 3,459 BTC worth IDR4.8 trillion. Not only that, Japanese company Metaplanet also bought Bitcoin worth IDR442 billion, emphasizing the trend of corporate adoption of cryptocurrencies.

However, unlike Strategy, which has large capital reserves, Semler is struggling with legal issues and the volatility of Bitcoin value. The risk they are taking is much higher, especially considering that their reliance on Bitcoin accounts for 80% of the company’s total market capitalization. This indicates that any small fluctuations in the price of BTC will have a direct impact on Semler’s financial health.

Overall, Semler Scientific’s move to continue accumulating Bitcoin amidst financial and legal pressures is a big gamble that has caught the attention of the crypto world.

Whether this is a bold decision that will pay off big in the future, or a new financial disaster, is still a big question mark. What is clear is that the cryptocurrency world will continue to watch Semler’s every move with curiosity.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Bitcoin Investment: Semler Scientific. Accessed on April 17, 2025
• Coingape. Semler Scientific Files to Buy $500M in Bitcoin Amid $30M DOJ Settlement. Accessed on April 17, 2025
• Cointelegraph. Semler Scientific Reports Paper Loss, Bitcoin Floats Securities Sale. Accessed on April 17, 2025