It seems Semler Scientific has caught a bad case of Bitcoin Fever š¤, and the only prescription is… more Bitcoin! šø The company has just splurged another $25 million on the cryptocurrency, bringing its total holdings to a whopping 4,846 BTC. But, as it often does, the market has responded with a resounding “meh” š¤.
Despite its best efforts to become the belle of the Bitcoin ball, Semler’s shares are down 22% year-to-date š. It’s a bit like trying to pay your rent in Monopoly money ā it might look good on paper, but it doesn’t quite translate to real life š.
The company’s plan to hold 105,000 BTC by 2027 is ambitious, to say the least š¤Æ. If it succeeds, it’ll own a whopping 0.05% of all BTC that will ever be produced š. But, as crypto analyst Nic Puckrin so astutely pointed out, “simply pivoting to a Bitcoin strategy isn’t a panacea for all business troubles” š.
It seems Semler’s reliance on selling shares to finance its BTC buying spree has left investors feeling a bit… underwhelmed š. As Puckrin noted, “this dilutes shareholder value, so it makes sense they aren’t that thrilled” š¤·āāļø.
Not all Bitcoin treasury companies are created equal, it seems š¤. Strategy, the first publicly traded company to bet on a Bitcoin corporate reserve, has added over $472 million worth of BTC to its stash š¤. Semler, on the other hand, is still trying to find its footing š£.
Semler Scientific’s Legal Woes
But wait, there’s more! š Semler Scientific is facing legal inquiries related to its settlement discussions with the US Department of Justice š. It seems the company’s QuantaFlo product might have run afoul of anti-fraud laws š¤„. Who knew? š¤
At least two law firms have issued press releases encouraging investors to reach out for potential claims š. It’s a bit like a game of musical chairs, except instead of chairs, it’s lawyers š¶.
In April, the company said it had reached an agreement in principle with the DOJ to settle for $29.8 million š¤. But, as we all know, you can’t put a price on integrity šø.
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2025-07-17 23:00