Semler Scientific's Bitcoin Bonanza: Smashing Yields and Outshining Giants

Semler's Stellar Q1 Performance

Hold onto your hats, crypto fans! Semler Scientific, the medical device maverick, just rocked a jaw-dropping 22.2% year-to-date Bitcoin yield in Q1 2025. They're not just holding BTC—they're making it rain! Outshining heavyweights like Strategy and Riot Platforms, Semler's playing the game and winning big.

Numbers That'll Make Your Head Spin

On May 13, Semler dropped their Q1 earnings report, and boy, did it sizzle! Thanks to a mix of realized and unrealized gains, their Bitcoin treasury strategy was on fire, racking up a cool $41.6 million in Q1 alone. By May 12, that figure soared to $52 million. Talk about a crypto cash cow!

BTC Buying Spree

Semler wasn't just sitting on their hands; they went on a Bitcoin shopping spree, snapping up 894 BTC in Q1 for $90.7 million. That bumped their total to 3,192 BTC by March 31, valued at $263.5 million. But they didn't stop there. By May 12, they added another 616 BTC for $59.6 million, bringing their grand total to 3,808 BTC, now worth a whopping $387.9 million with a cost basis of $340 million. These guys are on a roll!

The Other Side of the Coin

Not everything was rosy, though. Semler's Q1 revenue took a hit, dropping 44% to $8.8 million. Operating expenses? Skyrocketed to $39.9 million, thanks in part to a hefty $29.8 million contingent liability linked to a potential DOJ settlement. The result? A net loss of $64.7 million, or $6.74 per share, a far cry from last year's $6.1 million net income. Ouch!

Outpacing the Giants

Despite their modest BTC holdings compared to the big dogs, Semler's 22.2% yield is no joke. They're leaving Strategy and Riot Platforms in the dust. Strategy, the kingpin with 553,555 BTC, only managed a 13.7% yield by April 28, with a $5.8 billion gain. That's just 58% of their $15 billion target for the year. And despite their crypto gains, GAAP rules slapped them with a $4.2 billion net loss in Q1. Tough break!

Riot Platforms' Rocky Road

Over at Riot Platforms, holding 19,223 BTC, their year-to-date yield was a mere 7.7%. They mined 1,530 BTC in Q1, but profitability took a hit with mining costs soaring to $43,808 per BTC, thanks to the April 2024 halving and fierce global hash rate competition. It's a wild ride out there!

MARA's Massive Moves

And let's not forget MARA, the second-largest Bitcoin holder. They're not spilling the beans on their Q1 yield, but their holdings skyrocketed from 17,320 BTC in Q1 2024 to a staggering 47,531 BTC in Q1 2025—a 174% jump! That's some serious accumulation and scaling up. Keep your eyes on these guys; they're playing for keeps!