TechFlow, April 20 — According to CryptoPotato, medical diagnostics company Semler Scientific disclosed in an SEC filing submitted on April 15 that it incurred approximately $41.8 million in unrealized losses from its Bitcoin investment during the first quarter of 2025. This loss resulted from BTC’s price decline from around $93,500 at the beginning of January to about $82,000 by March 31.
Meanwhile, Semler announced in another 8-K filing that it has reached a tentative agreement with the U.S. Department of Justice (DOJ) to pay approximately $30 million to resolve a long-standing legal dispute. The case involves allegations that the company improperly billed Medicare for medical devices through misleading marketing, violating the False Claims Act.
Semler also announced plans to issue up to $500 million in securities, with proceeds to be used for general corporate purposes, including continued cryptocurrency purchases. Since the beginning of the year, the company’s Nasdaq-listed stock (SMLR) has declined more than 22%.
