Semler Scientific (SMLR) Stock Stumbles Despite Bold 175 Bitcoin Bet—Treasury Balloons to $595M
Semler Scientific just made a power move—and Wall Street blinked first. The healthcare-turned-crypto-curious company dumped $595M into Bitcoin while its stock price tanked. Talk about mixed signals.
The Bitcoin Backbone Play
175 BTC ain’t pocket change—it’s a full-throated endorsement of digital assets as treasury reserves. While legacy investors clutch their pearls, Semler’s betting big on crypto’s store-of-value thesis. Even as their stock dips, that $595M war chest could look genius in 5 years… or like a very expensive lesson.
Wall Street’s Predictable Panic
Traders dumped SMLR shares on the news—because nothing terrifies institutional dinosaurs like actual innovation. Meanwhile, Bitcoiners are nodding approvingly at a public company bypassing bonds for blockchain exposure. The ultimate hedge against fiat? A corporate balance sheet stacked with orange-pilled assets.
One thing’s clear: Semler’s playing the long game while short-term traders hyperventilate. And if Bitcoin hits its next ATH? That ‘risky’ treasury move suddenly becomes a masterclass in asymmetric bets—right as the Fed’s money printer sputters. Stay tuned.
TLDR
- Semler dips 0.86% despite adding 175 BTC worth $20.8M to its crypto treasury
- SMLR boosts Bitcoin stash to 5,021 BTC, hitting $594.8M in market value
- Semler funds BTC buy via stock sales, with 39% of ATM program now tapped
- Bitcoin yield hits 31.3% YTD as Semler ramps up its BTC-centric treasury plan
- Semler launches real-time Bitcoin dashboard to boost transparency and disclosures
Semler Scientific Inc. (SMLR) shares declined by 0.86% to $38.98 despite the company expanding its Bitcoin holdings this week.
Semler Scientific Inc. (SMLR)
The company purchased an additional 175 Bitcoins for $20.8 million between July 17 and July 23, 2025. It funded the transaction using proceeds from its at-the-market (ATM) stock offering launched in April. With this move, Semler continues to increase its exposure to bitcoin amid its evolving corporate treasury strategy.
JUST IN: Semler Scientific just bought another $21 million Bitcoin
Semler now holds 5,021 Bitcoin worth $594.9 million 🔥 pic.twitter.com/P0AcV7W8xn
— Bitcoin Archive (@BTC_Archive) July 24, 2025
The average purchase price per Bitcoin was $119,230, inclusive of fees as disclosed in a regulatory filing. The acquisition brings Semler’s total Bitcoin holdings to 5,021 BTC. The total market value of its Bitcoin reserve reached approximately $594.8 million as of July 23.
Bitcoin Holdings Reach Over $594M After Latest Acquisition
Semler’s total Bitcoin expenditure now stands at $475.8 million. The average acquisition cost across all holdings amounts to $94,772 per Bitcoin. This results in an unrealized gain of around $119 million based on recent market value.
The company ranks as the second publicly traded U.S. firm to adopt a Bitcoin Standard. It has framed this strategy as part of a long-term approach to capital management. Bitcoin purchases have been funded through equity issuance, supporting this strategic shift without tapping cash reserves.
The company disclosed that it uses BTC Yield as a key performance metric to assess this strategy’s effectiveness. As of July 23, the BTC Yield stands at 31.3% year-to-date. This figure measures value creation from Bitcoin holdings compared to shareholder dilution from stock issuance.
Bitcoin Dashboard Launches as Semler Emphasizes Transparency
Semler has also introduced a dedicated Bitcoin dashboard on its corporate website to support regulatory disclosure standards. This platform includes real-time data on Bitcoin holdings, purchase history, market value, and key performance indicators. The company states that the dashboard will serve as a Regulation FD disclosure tool.
The dashboard features metrics like BTC Yield, BTC Gain, BTC $ Gain and tracks share issuance under the ATM program. Semler positions this as a transparency effort to communicate with the market and general public. Information made public on the dashboard may be considered material under securities laws.
The website provides regular updates on the company’s stock price and Bitcoin market data. It also shows current and historical BTC acquisition metrics. Semler emphasized that the platform will continue to be updated as new transactions occur.
Stock Sales Under ATM Program Support Bitcoin Purchases
Semler began its $500 million ATM stock offering in April 2025 with financial partners including Barclays and Cantor Fitzgerald. By July 23, the company had sold approximately 4.93 million shares, raising around $194.3 million in net proceeds. This includes trades scheduled to settle on July 24.
Proceeds from the offering directly supported the Bitcoin acquisitions without affecting operating cash. The equity strategy aligns with the company’s broader push toward a Bitcoin-centric treasury model. This approach continues to influence trading patterns in the company’s stock.
Semler’s capital allocation to Bitcoin has grown steadily. The company remains committed to acquiring Bitcoin through structured equity raises. As of now, nearly 39% of its ATM program capacity has been utilized.
