Despite increasing its Bitcoin holdings to 4,846 BTC, Semler Scientific faces a 22% drop in share price year-to-date, raising concerns about its treasury strategy.
Semler Scientific has invested $25 million to acquire 210 additional Bitcoin, increasing its total holdings to 4,846 BTC, now valued at $577.9 million. Despite this aggressive strategy, the company's shares are down 22% year-to-date, reflecting investor skepticism. The firm aims to hold 105,000 BTC by 2027, but analysts suggest reliance on share sales for BTC purchases may dilute shareholder value. Semler is also facing legal inquiries related to discussions with the DOJ over a potential anti-fraud violation.