Healthcare technology firm Semler Scientific incurred a paper loss of approximately $41.8 million on its Bitcoin holdings in the first quarter of the year due to a heavy correction in the cryptocurrency market. The firm reported holding 3,182 Bitcoin valued at around $263.5 million as of March 31, with BTC prices falling 12% during the quarter. Semler also reported expected revenues of $8.8-8.9 million and operational losses of $1.3-1.5 million for the period, while holding cash equivalents of approximately $10 million. The firm is the twelfth largest corporate holder of BTC. Additionally, Semler outlined a plan to offer and sell securities worth up to $500 million to continue its Bitcoin acquisition strategy. Shares in the medical firm have fallen 36% since the beginning of 2025. Semler intends to use the proceeds from the securities sale for general corporate purposes, including the acquisition of Bitcoin.