Semler Scientific Continues Bitcoin Purchases Despite Legal Investigation by US Law Firm
Nasdaq: SMLR – Medical technology company Semler Scientific has announced the purchase of an additional 455 Bitcoins worth $50 million, bringing its total digital assets to 4,264 BTC, or about $466 million at current market prices. However, the investment comes as Semler is under legal investigation by a US law firm.
Facing Legal Pressure
Law firm Bragar Eagel & Squire, P.C. announced Thursday that it is investigating possible violations of federal securities laws and other questionable business practices by Semler Scientific. It has urged shareholders of the company – particularly those who have suffered losses – to reach out to assess the possibility of filing a legal complaint.
This is not the first time Semler has been in legal trouble. In February 2025, Semler revealed that the US Department of Justice (DOJ) may file a lawsuit against the company over claims for business expenses for QuantaFlo equipment. The DOJ has been conducting a civil investigation since 2017 and has filed further legal claims in 2019, 2021, 2022, and 2023. Recent attempts to settle the case between the two parties have also failed.
It is unclear whether any DOJ lawsuits will extend beyond the scope of the original investigation.
Still sticking to the “Bitcoin Treasury” strategy
Despite the legal pressure, Semler Scientific has not hesitated to increase its Bitcoin holdings – an investment strategy that is becoming a new focus for the company. The company has now returned 25.8% Bitcoin year-to-date (YTD), according to President Eric Semler.
“$SMLR acquired 455 #Bitcoins worth $50 million. YTD return of 25.8%. Currently holding 4,264 BTC. The flywheel is in motion.”
— Eric Semler (@SemlerEric), May 23, 2025
Semler’s stock is currently trading at $44.20, down slightly by 1.6% over the past 24 hours, reflecting the market’s cautious stance on the investigation news.
Healthcare Into Crypto?
Semler’s bold strategy — moving from a healthcare company to a new kind of Bitcoin treasury — is attracting attention from both investors and regulators. Semler is not alone: MicroStrategy (now Strategy), the company co-founded by Michael Saylor, is also facing a lawsuit from an investor over misleading statements related to its multibillion-dollar Bitcoin investment.
Bitcoin is currently trading around $108,915, down 2.5% in 24 hours but still up 16% over the past month, demonstrating the strong demand and volatility of the digital asset.