Semler Scientific sees After-Hours shares as a Q1 revenue trading view news

The Bitcoin Buying Medicine Product company Semler Scientific has declined its share price after the bell when the income had dropped in the first quarter and the losses were deepened in the quarter of a year.

In his earnings report published on May 13, Semler reported 44% to $ 8.8 million compared to the previous year, with the net loss of $ 64.7 million compared to a net result of USD 6.1 million in the first quarter of 2024.

The Semler Scientific (SMLR) shares closed the trading session on May 13 by more than 5%, according to Google Finance after the bell, fell by 1.91% to $ 36. The Semler share has so far dropped by over 32% this year.

The company said it bought 894 Bitcoin Btcusd Over the first quarter and at the end of the quarter, 3,192 BTC held at an at 263.5 million USD, which reflected a cumulative decline of $ 16.9 million.

Semler added that it bought 616 BTC between the end of the first quarter and May 12 for a total cost of $ 59.6 million and increased its holdings to 3,808 BTC at an accompanying current value of USD 340 million.

Semler said that there was a not realized profit of 41.6 million US dollars for its Bitcoin stock compared to the second quarter, and his paper gains have increased to 52 million US dollars this year until May 12.

According to his Bitcoin dashboard, the debts of Semler are currently 25.3%.

Semler has aggressively increased his Bitcoin stocks. In a submission of April 15, the company determined its plans for the sale of 500 million US dollars for its own shares, with part of the proceeds used to strengthen the Bitcoin Ministry of Finance.

Bitcoin buying companies on the advance

The Bitcoin investment company River River reported that this year companies and companies were the largest net buyers of Bitcoin and exceeded the funds and retail investors traded by the stock exchange.

According to BitcoinTreasuries.net data, almost 787,000 BTC are held by a total of 104 public companies.

The strategy, formerly Microstrategy, was the largest Bitcoin buyer and currently holds more than 568,000 BTC or almost 2.7% of the total offer of Bitcoin.

Analysts have explained that Bitcoin is now deflationary because strategy has claimed that it has no plans to sell his Bitcoin -Holdings.

In the meantime, StableCoin Emittent Tether bought Bitcoin worth 459 million US dollars for Twenty One Capital on May 13, a Bitcoin investment company that has supported it and is supposed to merging with Cantor Equity Partners.

Twenty One Capital is currently the third largest Bitcoin holder according to strategy and Mara Holdings.

Adam Back, CEO of Blockstream, said in April that the demand for institutions would probably lead to “hyperbitkoinization”, in which the market capitalization of the financial value increases over 200 trillion dollars.