As per reports, Semler Scientific has registered paper losses in the first quarter of 2025 on its Bitcoin holdings, as its prices have registered a slight correction in prices.
The filing dated April 15, 2025 with the Securities and Exchange Commission notes that Semler has registered unreleased losses of $41.8 million, as the value of total value of its Bitcoin portfolio has changed after December 31.
Available data set notes that Semler Scientific holds more than 3k Bitcoin valued at nearly $265.5 million.
Not only Semler but several other companies have continued to boost their Bitcoin holdings in order to explore the potential and profits from the digital asset, which has become the centre of the global economy.
Is Semler stock profitable after the Bitcoin investment strategy?
When writing, Semler Scientific (NASDAQ: SMLR) was exchanging hands at $34.40 with a surge of 8.98% in the weekly time frame, but since the beginning of this year and to date it is down by 37%.
However, SMLR shares added 32.36% in the 52-week time frame and are up by 28% in the half-yearly time frame. According to the data from companiesmarketcap(dot)com, the market cap of Semler Scientific is $0.33 billion, which was recorded at $0.58 billion by 2024 ending.
The tumbling in the stock prices of SMLR has dragged it below its 20, 50, 100 and 200 days exponential moving average. Semler Scientific is yet to release its Q1, 2025 revenue and earnings, yet in the last quarter of 2024 the reported revenue of the company was 3.44% greater than the estimated figures, it is expected to report $56.50 million in revenue in the entire 2025.
The EPS of Semler Scientific Inc. in Q4, 2024 was 1,211.54% greater than the estimated EPS of $0.26, the reported EPS was $3.41.
Bitcoin lost a significant portion of its trading price in Q1, 2025
When writing, Bitcoin was exchanging hands at $83,900.01, and data available on TradingView states that it lost 10.33% of its price in the year-to-date time frame, and at the same time, it was above 20 20-day exponential moving average and below 50, 100, and 200-day exponential moving averages.
If the declines in Bitcoin continue, there are expectations that it might face the support of $77,65,7, followed by $73,351 and $66,324. On the other hand, its nearest resistance is $91,74,5, with the second nearest resistance of $96,086 and $103,112.
The ongoing volatility has resulted in a few losses to the market, with experts predicting a major number of bears restricting the path of Bitcoin to grow upwards.
Despite bearishness in Bitcoin prices, volume, and market cap, its dominance has continued to grow and is now dominating over 62% of the market.
