Semler Scientific (NASDAQ:SMLR) Bolsa

Semler Scientific

Semler Scientific Inc is a United States based company that is engaged in providing technology solutions to improve the clinical effectiveness and efficiency of healthcare providers. It focuses on developing, manufacturing, and marketing proprietary products and services that assist customers, including insurance plans, physicians, and risk assessment groups, in evaluating and treating chronic diseases. The company markets its vascular-testing product under the QuantaFlo brand, which is a four-minute in-office blood flow test. also invest in bitcoin and have adopted bitcoin as its treasury reserve asset. Company's healthcare technology solutions business is predominant operational focus, providing cash flows and enabling it to pursue bitcoin.

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Semler Scientific Inc

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Health Care sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GILD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/27/25</td>
<td>$103.00</td>
<td>$76.5K</td>
<td>1.3K</td>
<td>6.0K</td>
</tr>
<tr>
<td>VRNA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$110.00</td>
<td>$98.1K</td>
<td>12</td>
<td>1.0K</td>
</tr>
<tr>
<td>HIMS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$30.00</td>
<td>$28.4K</td>
<td>4.0K</td>
<td>707</td>
</tr>
<tr>
<td>SMLR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/19/25</td>
<td>$40.00</td>
<td>$25.8K</td>
<td>161</td>
<td>657</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding GILD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>), we observe a put option sweep with bearish sentiment. It expires in 2 day(s) on June 27, 2025. Parties traded 494 contract(s) at a $103.00 strike. This particular put needed to be split into 40 different trades to become filled. The total cost received by the writing party (or parties) was $76.5K, with a price of $155.0 per contract. There were 1365 open contracts at this strike prior to today, and today 6023 contract(s) were bought and sold. 
• Regarding VRNA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRNA#NASDAQ">VRNA</a>), we observe a call option sweep with bearish sentiment. It expires in 51 day(s) on August 15, 2025. Parties traded 249 contract(s) at a $110.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $98.1K, with a price of $389.0 per contract. There were 12 open contracts at this strike prior to today, and today 1001 contract(s) were bought and sold. 
• Regarding HIMS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>), we observe a put option sweep with bullish sentiment. It expires in 51 day(s) on August 15, 2025. Parties traded 200 contract(s) at a $30.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $28.4K, with a price of $142.0 per contract. There were 4078 open contracts at this strike prior to today, and today 707 contract(s) were bought and sold. 
• Regarding SMLR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMLR#NASDAQ">SMLR</a>), we observe a call option sweep with neutral sentiment. It expires in 86 day(s) on September 19, 2025. Parties traded 34 contract(s) at a $40.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $25.8K, with a price of $760.0 per contract. There were 161 open contracts at this strike prior to today, and today 657 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

GILD

Hims & Hers Health, Inc. Class A Common Stock

HIMS

VRNA

4 Health Care Stocks With Whale Alerts In Today's Session

Semler Scientific (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMLR#NASDAQ">SMLR</a>), one of the earliest publicly traded U.S. companies to adopt Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) as a primary treasury reserve asset, announced Thursday that it plans to accumulate at least 10,000 Bitcoin by the end of 2025 and expand that position to 105,000 BTC by the close of 2027. 
The company's <a href="https://ir.semlerscientific.com/news-releases/news-release-details/semler-scientificr-appoints-joe-burnett-director-bitcoin">strategy </a>echoes the aggressive accumulation paths taken by MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) and Metaplanet, signaling intensifying institutional competition in corporate Bitcoin treasuries.
Since adopting Bitcoin as its primary treasury reserve asset in May 2024, Semler has achieved a 287% Bitcoin yield, generating an unrealized gain of $177 million as of June 3, 2025. 
"Since adopting the Bitcoin Standard, we have achieved approximately 287% BTC Yield and a $177 million BTC $ Gain through June 3, 2025," said Eric Semler, chairman of Semler Scientific. 
The firm currently holds 4,449 Bitcoin, valued at approximately $464 million, and plans to fund further acquisitions through equity offerings, debt financing, and operational cash flows.
Also Read: <a href="https://www.benzinga.com/crypto/25/06/46003982/tokenizing-gold-us-equities-no-illiquid-is-key-expert-says">Tokenizing Gold, US Equities? No — Illiquid Is Key, Expert Says</a>
Semler's strategy mirrors that of MicroStrategy, the largest corporate Bitcoin holder with approximately 592,100 Bitcoin, valued at over $61 billion at current prices. 
MicroStrategy, led by Michael Saylor, has inspired firms like Semler to treat Bitcoin as a long-term store of value, using debt and equity to fuel acquisitions. 
Similarly, Japanese investment firm Metaplanet has emerged as a major player, surpassing 10,000 Bitcoin in June 2025 and targeting 210,000 by 2027, equivalent to 1% of Bitcoin's 21 million fixed supply. 
Metaplanet's rapid accumulation, funded by a $5.4 billion share issuance, underscores Asia's growing appetite for corporate Bitcoin holdings.
Semler's announcement triggered an 11% surge in its stock price, closing at $28.53 on June 19, despite a 40% decline in 2025 overall. 
The company continues to operate its core healthcare business, marketing FDA-cleared products like QuantaFlo for cardiovascular diagnostics, which generates cash flow to support its Bitcoin strategy. 
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46002825/us-seizes-225-million-in-cryptocurrency-tied-to-global-investment-fraud-network">US Seizes $225 Million In Cryptocurrency Tied To Global Investment Fraud Network</a></li>
</ul>
Image: Shutterstock

Why A Public Healthcare Firm Wants To Hold More Bitcoin Than Most Countries

<h3>Gainers</h3>
<ul>
<li>Firefly Neuroscience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIFF#NASDAQ">AIFF</a>) stock rose 19.6% to $3.59 during Friday's pre-market session. The company's market cap stands at $38.5 million. </li>
<li>Quantum BioPharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QNTM#NASDAQ">QNTM</a>) stock moved upwards by 18.45% to $35.75. The market value of their outstanding shares is at $87.7 million. </li>
<li>Processa Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCSA#NASDAQ">PCSA</a>) shares moved upwards by 17.97% to $0.29. The market value of their outstanding shares is at $2.8 million. </li>
<li>Vivos Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VVOS#NASDAQ">VVOS</a>) stock moved upwards by 12.09% to $2.78. The market value of their outstanding shares is at $14.6 million. </li>
<li>Semler Scientific (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMLR#NASDAQ">SMLR</a>) shares moved upwards by 11.87% to $35.73. The company's market cap stands at $419.7 million. </li>
<li>Galmed Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLMD#NASDAQ">GLMD</a>) shares increased by 11.79% to $1.99. The market value of their outstanding shares is at $4.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Regencell Bioscience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGC#NASDAQ">RGC</a>) shares declined by 18.4% to $51.7 during Friday's pre-market session. The market value of their outstanding shares is at $824.3 million. </li>
<li>Terns Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TERN#NASDAQ">TERN</a>) shares decreased by 16.75% to $3.33. The market value of their outstanding shares is at $349.3 million. </li>
<li>Aptevo Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APVO#NASDAQ">APVO</a>) shares declined by 14.24% to $4.4. The company's market cap stands at $3.4 million. </li>
<li>Co-Diagnostics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CODX#NASDAQ">CODX</a>) stock declined by 11.66% to $0.25. The market value of their outstanding shares is at $9.4 million. </li>
<li>Insight Molecular (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMDX#NASDAQ">IMDX</a>) shares decreased by 11.4% to $2.8. The company's market cap stands at $90.3 million. </li>
<li>Opus Genetics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRD#NASDAQ">IRD</a>) shares fell 10.75% to $0.83. The market value of their outstanding shares is at $55.5 million. 
See Also: <a href="http://www.benzinga.com/money/best-healthcare-stocks/" title="www.benzinga.com/money/best-healthcare-stocks/">www.benzinga.com/money/best-healthcare-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

AIFF

APVO

CODX

GLMD

IMDX

PCSA

QNTM

TERN

VVOS

12 Health Care Stocks Moving In Friday's Pre-Market Session

Semler Scientific, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMLR#NASDAQ">SMLR</a>), a publicly traded company that has adopted Bitcoin as its primary treasury reserve asset and is one of the leading corporate holders of Bitcoin, announced the appointment of Joe Burnett as director of Bitcoin strategy. Semler Scientific also announced that it plans to hold 10,000 Bitcoins by year-end 2025, 42,000 by year-end 2026 and 105,000 by year-end 2027, using proceeds from equity and debt financings and cash flows from operations.&nbsp;

Semler Scientific Names Bitcoin Strategy Chief, Plans to Hold 105,000 BTC by 2027

<figure class="wp-block-image aligncenter size-full"><img loading="lazy" decoding="async" width="500" height="281" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/11201223/Two-Subways.jpg" alt="" class="wp-image-14303" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/11201223/Two-Subways.jpg 500w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/11201223/Two-Subways-300x169.jpg 300w" sizes="(max-width: 500px) 100vw, 500px" /></figure>
<h3 class="wp-block-heading">A Tale of Two Subway Stations</h3>
Clips of grimy New York platforms versus sleek Moscow or Shanghai stations highlight capacity to deliver public goods rather than mere aesthetics. They hint at structural problems that precede—and ultimately produce—America's $34 trillion federal debt.
<hr class="wp-block-separator has-alpha-channel-opacity" />
<h3 class="wp-block-heading">Problem #1: Resources Flow to Low‑Productivity Services</h3>
The care‑giving boom in New York City
<ul class="wp-block-list">
<li>Between 2018 and mid‑2023, service hours in New York's&nbsp;<a href="https://www.health.ny.gov/health_care/medicaid/program/longterm/cdpap/">Consumer‑Directed Personal Assistance Program (CDPAP)</a>&nbsp;more than doubled, even as traditional agency hours fell 19%.&nbsp;This is a program that basically pays people $20 to $28 per hour to do errands for their elderly relatives—in some cases, on a fulltime basis..</li>
<li>CDPAP wages now account for roughly&nbsp;one in eight&nbsp;private‑sector paychecks in NYC.</li>
<li>Home‑health jobs grew by 57 k last year (≈10 %).</li>
<li>Medicaid reimburses most of those wages, so the dollars come from federal borrowing, yet the output shows up mostly as consumption—not&nbsp;capital formation.</li>
</ul>
<hr class="wp-block-separator has-alpha-channel-opacity" />
<h3 class="wp-block-heading">Problem #2: Tradables Hollow‑Out</h3>
<ul class="wp-block-list">
<li>Tradables share of 2023 GDP (manufacturing + mining/drilling + agriculture): 
<ul class="wp-block-list">
<li>• United States ≈ 19 % • China ≈ 46 % • Russia ≈ 37 %</li>
</ul>
</li>
<li>Trade balance, 2023: • United States:&nbsp;−$1.1 T&nbsp;goods &amp; services deficit • China:&nbsp;+$800 B&nbsp;surplus • Russia:&nbsp;+$235 B&nbsp;surplus</li>
<li>The U.S. goods‑and‑services gap widened to&nbsp;$140 B in March 2025, the largest monthly shortfall on record.</li>
<li>Borrowing to fund imported tradables is a double drag: it swells federal debt&nbsp;and&nbsp;diverts purchasing power abroad instead of into domestic plant, equipment, and infrastructure.</li>
</ul>
<hr class="wp-block-separator has-alpha-channel-opacity" />
<h3 class="wp-block-heading">Problem #3: Cost Disease in Public Works</h3>
Where did the $1.2 T Infrastructure Bill money go?
<ul class="wp-block-list">
<li>Two‑plus years after passage, most "projects" remain in design or permitting. DOE progress reports celebrate&nbsp;jobs created, not roads or bridges finished.</li>
<li>Francis Scott Key Bridge (Baltimore):&nbsp;struck in March 2024, geotech surveys began Jan 2025, full reopening&nbsp;target 2028.</li>
<li>Crimean Bridge (Russia):&nbsp;bombed Oct 2022, one lane reopened in 3 months, rail traffic restored in 9 months.</li>
<li>The contrast underscores America's permitting maze, fragmented ownership, and litigation risk that bloat costs and timelines.</li>
</ul>
<hr class="wp-block-separator has-alpha-channel-opacity" />
<h3 class="wp-block-heading">Problem #4: Public‑Order Premium</h3>
<ul class="wp-block-list">
<li>Washington has floated tying transit grants to crime benchmarks, but accurate data went dark when the FBI's NIBRS rollout left 30 %+ of agencies unable to report.</li>
<li>Early 2025 DOJ guidance&nbsp;now requires agencies to file both legacy summary and NIBRS data until compliance tops 95 %, making performance‑tied funding viable—if Congress acts.</li>
</ul>
<hr class="wp-block-separator has-alpha-channel-opacity" />
<h3 class="wp-block-heading">How These Feed the Debt Loop</h3>
<ol class="wp-block-list">
<li>Low‑productivity domestic spending → weak real growth per borrowed dollar.</li>
<li>Trade‑deficit leakage → debt‑financed consumption instead of domestic investment.</li>
<li>High unit‑cost infrastructure → more borrowing for each unit of tangible capital.</li>
<li>Public‑order premium → higher operating costs and capital flight from cities.</li>
</ol>
Net interest is now the fastest‑growing budget line, crowding out discretionary investment while public spaces fray.
<hr class="wp-block-separator has-alpha-channel-opacity" />
<h3 class="wp-block-heading">Partial Fixes Already in the&nbsp;One Big Beautiful Bill Act (OBBB)</h3>
<ul class="wp-block-list">
<li>The draft OBBB&nbsp;nods toward the right diagnosis—making bonus depreciation permanent (<a href="https://www.congress.gov/bill/119th-congress/house-bill/1?q=%7B%22search%22%3A%22%C2%A7111001%22%7D&amp;r=1&amp;s=2">§ 111001</a>) and tightening Medicaid attendant rules (<a href="https://www.congress.gov/bill/119th-congress/house-bill/1?q=%7B%22search%22%3A%22%C2%A7111001%22%7D&amp;r=1&amp;s=2">Subtitle E</a>)—but&nbsp;ducks&nbsp;the permitting morass and the accountability gap in transit funding. Until those last two are fixed, America will keep borrowing a premium price for sub‑premium public goods.</li>
<li>Missing:&nbsp;permitting reform and performance‑tied transit grants. Until those last two are fixed, America will keep borrowing premium dollars for sub‑premium public goods.</li>
</ul>
<hr class="wp-block-separator has-alpha-channel-opacity" />
<h3 class="wp-block-heading">What Would Treat the Disease, Not Just the Symptom</h3>
Raise tradables share
<ul class="wp-block-list">
<li>Neutral expensing for all structures.</li>
<li>Fast‑track energy‑intensive manufacturing permits.</li>
<li>Strategic tariffs / border adjustments—including the Trump Administration's 10 % baseline tariff on manufactured imports, the 60 % Section 301 duty on Chinese EVs, and a draft carbon border‑adjustment framework—to level the playing field.</li>
</ul>
Triage transfer programs
<ul class="wp-block-list">
<li>Sunset pass‑through home‑care models unless tied to measurable outcomes.</li>
<li>Re‑validate disability rolls.</li>
</ul>
Slash infrastructure unit‑costs
<ul class="wp-block-list">
<li>One‑agency permitting clock.</li>
<li>Benchmark budgets to OECD medians; claw back overruns.</li>
</ul>
Restore public order
<ul class="wp-block-list">
<li>Condition transit grants on crime‑rate benchmarks now that national data collection is back on track.</li>
</ul>
Restrict high‑corruption inflows
<ul class="wp-block-list">
<li>Tighten visa/green‑card issuance from nations scoring poorly on the Transparency International CPI, and ramp post‑arrival audits of federally reimbursed providers to curb Medicaid &amp; welfare fraud (e.g., the $1 B&nbsp;<a href="https://apnews.com/general-news-1bdca7b180a04449a2c86f99371fc5d0">Miami led by Cuban‑American physicians</a>&nbsp;and the Somali&nbsp;<a href="https://www.justice.gov/usao-mn/pr/three-plead-guilty-wire-fraud-250-million-feeding-our-future-fraud-scheme">$250 M &#8220;Feeding Our Future&#8221; scheme in Minnesota</a>.</li>
</ul>
<hr class="wp-block-separator has-alpha-channel-opacity" />
<h3 class="wp-block-heading">Implications for Investors</h3>
<ul class="wp-block-list">
<li>Status‑quo trajectory (rising debt + financial repression):&nbsp;bitcoin‑proxy trades; gold and other hard‑asset hedges. We added to a position in one bitcoin proxy,&nbsp;Semler Scientific, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMLR#NASDAQ">SMLR</a>), yesterday. </li>
</ul>
<figure class="wp-block-image size-full"><a href="https://portfolioarmor.substack.com/p/americas-debt-is-a-symptomnot-the"><img loading="lazy" decoding="async" width="882" height="597" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/11201735/Trade-Alert-Bitcoin.jpg" alt="" class="wp-image-14304" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/11201735/Trade-Alert-Bitcoin.jpg 882w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/11201735/Trade-Alert-Bitcoin-300x203.jpg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/11201735/Trade-Alert-Bitcoin-768x520.jpg 768w" sizes="(max-width: 882px) 100vw, 882px" /></a></figure>
<ul class="wp-block-list">
<li>Pivot to a more productive U.S. economy:&nbsp;new‑nuclear names, advanced‑manufacturing REITs, and on‑shoring enablers (chip‑fabrication equipment). We exited one new-nuclear name,&nbsp;Oklo, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>), for a 385% gain last week. It was a Portfolio Armor top ten name last week as well, but I held off on putting a new trade on it, because I was concerned it had run too far. It's now up nearly 25% today, on news that it has been selected to supply power for a U.S. Air Force base in Alaska.</li>
</ul>
<figure class="wp-block-image size-full"><a href="https://portfolioarmor.substack.com/p/americas-debt-is-a-symptomnot-the"><img loading="lazy" decoding="async" width="880" height="597" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/11202013/Exits-6.6.jpg" alt="" class="wp-image-14305" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/11202013/Exits-6.6.jpg 880w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/11202013/Exits-6.6-300x204.jpg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/11202013/Exits-6.6-768x521.jpg 768w" sizes="(max-width: 880px) 100vw, 880px" /></a></figure>
<ul class="wp-block-list">
<li>Holding both buckets lets a portfolio participate under either scenario.</li>
</ul>
<hr class="wp-block-separator has-alpha-channel-opacity" />
Take‑away: Debt is the symptom, not the disease. Until the U.S. redirects capital from low‑yield consumption toward high‑yield production—and demands accountability for every infrastructure and safety dollar—borrowing will keep climbing no matter how loud the fiscal hawks squawk.
In the meantime, if you want to find Portfolio Armor's top names like Oklo, I post them in my weekly Top Names post.
<figure class="wp-block-image size-full"><a href="https://portfolioarmor.substack.com/p/top-names-652025"><img loading="lazy" decoding="async" width="916" height="812" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/11202202/Top-Names-6.5.jpg" alt="" class="wp-image-14306" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/11202202/Top-Names-6.5.jpg 916w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/11202202/Top-Names-6.5-300x266.jpg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/11202202/Top-Names-6.5-768x681.jpg 768w" sizes="(max-width: 916px) 100vw, 916px" /></a></figure>
You can also find them daily on the Portfolio Armor&nbsp;<a href="https://portfolioarmor.com/">website</a>&nbsp;and&nbsp;<a href="https://apps.apple.com/us/app/portfolio-armor/id394951144">iPhone app</a>.
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Government

Opinion

Trading Ideas

General

OKLO

America's Debt Is a Symptom, Not the Disease: How Investors Can Position

As Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) keeps climbing, some public companies aren't just watching from the sidelines &#8211; they're quietly <a href="https://www.benzinga.com/crypto">raking in billions</a> just by holding it.
From household names like Tesla Inc. (NASDAQ: TSLA) and Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>) to surprise entries like Semler Scientific Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMLR#NASDAQ">SMLR</a>) and Next Technology Holding Inc. (NASDAQ: NXTT), companies that bought Bitcoin early are now enjoying eye-popping gains.
The key? It's not just how much Bitcoin they own &#8211; it's how early and how cheaply they got in.
Let's break down which companies are winning the most from their Bitcoin bets.
<h2 class="wp-block-heading">MicroStrategy: The Ultimate Bitcoin Whale</h2>
No surprises here &#8211; MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) remains the corporate king of Bitcoin. The company holds over 580,000 Bitcoins, and its investment has <a href="https://bitcointreasuries.net/">grown</a> from a $40.6 billion cost to more than $63 billion in value.
That's more than $22 billion in unrealized profit. With over 60% of its market value now tied to Bitcoin, MicroStrategy has become a proxy for crypto exposure on Wall Street.
<h2 class="wp-block-heading">Tesla: Silent Holder, Big Profits</h2>
Elon Musk's Tesla might not talk much about crypto these days, but it certainly knows how to make it count. The EV giant scooped up 11,509 Bitcoins for just $386 million. That same stash is now worth $1.25 billion &#8211; a gain of more than 220%.
For a trillion-dollar company, it's a small position but a massive return.
<h2 class="wp-block-heading">Block: Square's Bitcoin Is Multiplying</h2>
Jack Dorsey's Block, formerly Square, took an early leap into Bitcoin. And it paid off. 
The company's 8,584 Bitcoin holdings have nearly quadrupled in value—from $261 million to over $930 million. While it&#8217;s best known for payments and fintech, Bitcoin is becoming a major part of the story.
Read Also: <a href="https://www.benzinga.com/general/education/25/05/45656079/microsoft-passed-on-bitcoin-while-gamestop-jumped-in-whos-laughing-now">Microsoft Passed On Bitcoin While GameStop Jumped In: Who&#8217;s Laughing Now?</a>
<h2 class="wp-block-heading">GameStop: From Meme To Bitcoin Holder</h2>
GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) is back in the headlines, this time not for short squeezes but for Bitcoin. The company recently acquired 4,710 Bitcoins, which are now worth over $511 million.
While the purchase price is unknown, the valuation suggests GameStop bought in at an opportune time. With over 3.5% of its market value in Bitcoin, it's the latest unexpected name betting on crypto.
<h2 class="wp-block-heading">Next Technology: A Quiet Crypto Play With Loud Results</h2>
Next Technology might not be a household name, but it's one of the biggest Bitcoin gainers on the list. Its 5,833 Bitcoin investment &#8211; originally worth just $183 million &#8211; is now valued at over $633 million.
That's a gain of more than 240%, making it one of the stealthiest winners in the corporate Bitcoin world.
<h2 class="wp-block-heading">Semler Scientific: From Medical Devices To Digital Gold</h2>
In a move that turned heads, Semler Scientific bought 4,264 Bitcoins worth nearly $463 million. With a market cap of just over $500 million, almost 90% of the company's value is now tied to Bitcoin. It's one of the boldest moves among small-cap companies &#8211; and it could pay off handsomely if Bitcoin keeps rising.
While miners like MARA Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) and Riot Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) have long held Bitcoin as part of their operations, it&#8217;s the companies that bought Bitcoin early and cheaply that are seeing the biggest windfalls. Whether they're tech giants, medical firms, or meme stocks, these Bitcoin believers are proving that timing really is everything.
As corporate treasuries evolve, don't be surprised if more firms follow suit. With returns like these, sitting on Bitcoin might just be the best investment decision they've ever made.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/general/restaurants/25/05/45660000/steak-n-shake-thanks-bitcoin-for-higher-sales-lower-fees-and-its-celebrating-with-blockchain-menu">Steak &#8216;N Shake Thanks Bitcoin For Higher Sales, Lower Fees — And It&#8217;s Celebrating With &#8216;Blockchain Menu&#8217;</a></li>
</ul>
Photo: Shutterstock

Long Ideas

Markets

Next Technology Holding Inc. - Ordinary Shares

NXTT

RIOT

Tesla, Block Ride Bitcoin Boom As MicroStrategy Goes All In

GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares surged Wednesday in premarket trading after the company announced the purchase of <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/b45639344/gamestop-announces-purchase-of-bitcoin" rel="noreferrer noopener">4,710</a> Bitcoins (CRYPTO: BTC/USD), marking a significant step in its pivot toward digital assets.
This acquisition follows GameStop&#8217;s earlier decision to adopt Bitcoin as a treasury reserve asset, a move confirmed during its fourth-quarter <a target="_blank" href="https://www.benzinga.com/general/gaming/25/03/44482313/gamestop-q4-earnings-revenue-miss-eps-beat-shares-surge-as-board-approves-bitcoin-as-treasury-reserve-asset" rel="noreferrer noopener">earnings</a> release.
As of May 27, 2025, the leading cryptocurrency <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45635733/bitcoin-ethereum-dogecoin-gain-after-trump-medias-planned-btc-investment-consumer-optimism-analyst-says-this-large-crypto-is-best-play-in-base-portfolio-at-the-moment">briefly surged </a>above $110,000 before retreating to the $108,000 range overnight. GameStop did not disclose the average purchase price of its 4,710 Bitcoins.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/25/05/45567005/strategy-mstr-stock-rises-on-2-1b-preferred-stock-offering-bitcoin-all-time-high" rel="noreferrer noopener">Strategy (MSTR) Stock Rises On $2.1B Preferred Stock Offering, Bitcoin All-Time High</a>
In its fourth-quarter results, GameStop reported revenue of $1.28 billion, down 28% year-over-year and below analyst expectations. Adjusted earnings per share came in at 30 cents, beating the consensus estimate of eight cents.
In a separate <a href="https://www.benzinga.com/pressreleases/25/03/g44481289/gamestop-announces-update-to-its-investment-policy-to-add-bitcoin-as-a-treasury-reserve-asset" target="_blank" rel="noreferrer noopener">announcement</a>, the board reaffirmed its commitment to Bitcoin, approving its formal inclusion as a treasury reserve asset.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/25/05/45611864/trump-media-group-reportedly-plans-to-raise-3-billion-to-buy-cryptocurrencies-borrowing-a-page-from-mstr-" rel="noreferrer noopener">Trump Media Group Reportedly Plans To Raise $3 Billion To Buy Cryptocurrencies: &#8216;Borrowing A Page&#8217; From MSTR Playbook, Says Peter Schiff</a>
GameStop&#8217;s renewed embrace of digital assets comes as it looks to reshape its financial strategy amid declining core revenue.
The company&#8217;s adoption of Bitcoin reflects a broader corporate trend, with firms like MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>), and Semler Scientific (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMLR#NASDAQ">SMLR</a>) also integrating digital assets into their treasuries as a diversification tool and a hedge against traditional market volatility.
Related: <a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/25/05/45641767/strategy-metaplanet-continue-bitcoin-treasury-push-but-the-pace-is-slowing" rel="noreferrer noopener">Strategy, Metaplanet Continue Bitcoin Treasury Push But The Pace Is Slowing</a>
Price Action: At the last check on Wednesday, GME shares were trading higher by 2.20% at $35.78 premarket.
Read Next:
<a target="_blank" href="https://www.benzinga.com/25/05/45638708/donald-trump-jr-reveals-how-getting-de-banked-de-insured-led-him-and-eric-trump-to-orange-pill-their-dad-on-crypt" rel="noreferrer noopener">Donald Trump Jr. Reveals How Getting &#8216;De-Banked,&#8217; &#8216;De-Insured&#8217; Led Him And Eric Trump To &#8216;Orange Pill&#8217; Their Father On Crypto</a>
Photo: Shutterstock

GameStop Buys 4,710 Bitcoins — Here's Why Markets Are Watching

Semler Scientific Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMLR#NASDAQ">SMLR</a>) shares are seeing increased attention to start the week after the company announced a new board appointment that&#8217;s causing a spike in chatter on <a href="https://www.benzinga.com/topic/social-media">various social platforms</a>.
What To Know: Semler Scientific, a technology company that has adopted a Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) treasury strategy, on Monday announced that it <a href="https://www.benzinga.com/pressreleases/25/05/n45490896/semler-scientific-appoints-natalie-brunell-to-its-board-of-directors">appointed</a> crypto journalist and podcast host&nbsp;Natalie Brunell&nbsp;to its board of directors.
Brunell is an influential crypto educator and hosts a popular Bitcoin podcast called &#8220;Coin Stories.&#8221; The company on Monday said that its latest board addition reflects its continued commitment to its Bitcoin treasury strategy. 
&#8220;Natalie is a highly respected journalist and educator – and a leading advocate for&nbsp;Bitcoin, with a deep understanding of its role as a transformative asset. As the 4th&nbsp;largest U.S. public company on the&nbsp;Bitcoin&nbsp;Standard in terms of&nbsp;Bitcoin&nbsp;holdings, we believe we are a strategic asset. Her insights will be instrumental as we pursue our&nbsp;Bitcoin&nbsp;treasury strategy and aim to deliver long-term value to our stockholders,&#8221; said Eric Semler, chairman of Semler Scientific.
Semler is seeing increased attention on multiple social platforms, especially on X, where the company is being talked about in comparison to Strategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>). 
Strategy&#8217;s Michael Saylor <a href="https://x.com/saylor/status/1924440559634076050">congratulated</a> the Semler team on X in response to a post from the company&#8217;s chairman. He also <a href="https://x.com/saylor/status/1924444076192981375">responded</a> to a post from Brunell announcing the new appointment. 
In&nbsp;May 2024, Semler Scientific became the second publicly traded company in the U.S. to adopt a&nbsp;Bitcoin&nbsp;treasury strategy, which involves using proceeds from equity and debt financings, as well as cash flows from operations, to strategically accumulate&nbsp;Bitcoin.
Semler reported first-quarter financial results last week, reporting Bitcoin treasury highlights similar to Strategy. The company said it achieved a &#8220;BTC Yield&#8221; of 21.9% in the first quarter and reported a &#8220;BTC Gain&#8221; of 7.1 in the first quarter and 510.3 year-to-date. The company said it held a total of 3,192 Bitcoin as of March 31. 
SMLR Price Action: <a href="http://benzinga.com/quote/SMLR">Semler Scientific shares</a> were up 7.84% at $44.08 at the time of publication Monday, according to Benzinga Pro. The company&#8217;s stock is down approximately 18% year-to-date, but has risen 88% over a one-year period on the back of its Bitcoin treasury strategy announcement.
Photo: Yalcin Sonat/Shutterstock.

Bitcoin-Linked Semler Scientific Stock Is Trending On Monday: What's Going On?

U.S. stocks were mixed, with the Dow Jones index gaining around 0.1% on Friday.
Shares of Evolv Technologies Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVLV#NASDAQ">EVLV</a>) rose sharply during Friday's session after the <a href="https://www.benzinga.com/quote/EVLV">company announced preliminary first-quarter financial results.</a>
The company said it expects revenue growth of 40%+ in the first quarter.
Evolv Technologies shares jumped 21% to $5.08 on Friday.
Here are some other big stocks recording gains in today&#8217;s session.
<ul class="wp-block-list">
<li>Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) jumped 33.7% to $12.34 after the company reported better-than-expected quarterly EPS results.</li>
<li>NWTN Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWTN#NASDAQ">NWTN</a>) gained 30.2% to $1.64. NWTN announced the appointment of Mr. Benjamin Zhai as Executive Director of the Board and Global Chief Executive Officer.</li>
<li>ACADIA Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACAD#NASDAQ">ACAD</a>) rose 29% to $22.70 after a court decision ruled in favor of the company regarding patent infringement claims over Nuplazid.</li>
<li>Advantage Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADV#NASDAQ">ADV</a>) gained 24.7% to $1.3596.</li>
<li>CoreWeave, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) gained 18.5% to $77.95 after Nvidia disclosed it added a stake in the company via a 13F filing equating to approximately 24.18 million shares. Additionally, JP Morgan and Needham raised their respective price targets on the stock.</li>
<li>Applied Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) gained 18.5% to $6.64.</li>
<li>Semler Scientific, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMLR#NASDAQ">SMLR</a>) rose 14.4% to $36.36.</li>
<li>Archer Aviation Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NASDAQ">ACHR</a>) surged 10.3% to $13.45.</li>
<li>Vipshop Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIPS#NYSE">VIPS</a>) rose 7.5% to $15.59. Vipshop will announce first quarter 2025 financial results on May 20.</li>
<li>Regencell Bioscience Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGC#NASDAQ">RGC</a>) gained 7% to $430.00.</li>
<li>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) rose 6.8% to $261.17 after the company announced a partnership with Webull Pay to power crypto experiences. Additionally, Benchmark raised its price target on the stock from $252 to $301.</li>
<li>Halozyme Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HALO#NASDAQ">HALO</a>) gained 5% to $51.35.</li>
</ul>
Now Read This: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45462276/applied-materials-flowers-foods-and-3-stocks-to-watch-heading-into-friday">Applied Materials, Flowers Foods And 3 Stocks To Watch Heading Into Friday</a></li>
</ul>
Photo via Shutterstock

Intraday Update

ACAD

ACHR

APLD

COIN

CRWV

EVLV

HALO

NWTN

QUBT

VIPS

Evolv Technologies, Quantum Computing, ACADIA Pharmaceuticals And Other Big Stocks Moving Higher On Friday

Semler Scientific (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMLR#NASDAQ">SMLR</a>) reported quarterly losses of $(6.74) per share. This is a 964.1 percent decrease over earnings of $0.78 per share from the same period last year. The company reported $8.84 million in sales this quarter. This is a 44.44 percent decrease over sales of $15.90 million the same period last year.

Earnings

Semler Scientific Q1 EPS $(6.74) Down From $0.78 YoY, Sales $8.84M Down From $15.90M YoY

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Earnings Scheduled For May 13, 2025

On May 6, it was revealed in an SEC filing that William Chang, Director at Semler Scientific (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMLR#NASDAQ">SMLR</a>) executed a significant exercise of company stock options.
What Happened: The latest Form 4 filing on Tuesday with the <a href="https://www.sec.gov/Archives/edgar/data/0001554859/000110465925044695//Archives/edgar/data/1554859/000110465925044695/0001104659-25-044695-index.htm">U.S. Securities and Exchange Commission</a> uncovered Chang, Director at Semler Scientific, exercising stock options for 0 shares of SMLR. The total transaction was valued at $0.
The latest update on Tuesday morning shows Semler Scientific shares down by 0.68%, trading at $33.35. At this price, Chang's 0 shares are worth $0.
<h3>Discovering Semler Scientific: A Closer Look</h3>
Semler Scientific Inc is a United States based company that is engaged in providing technology solutions to improve the clinical effectiveness and efficiency of healthcare providers. It focuses on developing, manufacturing, and marketing proprietary products and services that assist customers, including insurance plans, physicians, and risk assessment groups, in evaluating and treating chronic diseases. The company markets its vascular-testing product under the QuantaFlo brand, which is a four-minute in-office blood flow test. also invest in bitcoin and have adopted bitcoin as its treasury reserve asset. Company's healthcare technology solutions business is predominant operational focus, providing cash flows and enabling it to pursue bitcoin.
<h3>Understanding the Numbers: Semler Scientific's Finances</h3>
Revenue Growth: Semler Scientific's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2024, the company experienced a revenue decline of approximately -17.56%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Health Care sector.
Key Insights into Profitability Metrics:
<ul>
<li>
Gross Margin: Achieving a high gross margin of 91.12%, the company performs well in terms of cost management and profitability within its sector.
</li>
<li>
Earnings per Share (EPS): Semler Scientific's EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 3.64.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.0.
Exploring Valuation Metrics Landscape:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 6.55 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 4.76, Semler Scientific's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Semler Scientific's EV/EBITDA ratio, surpassing industry averages at 15.59, positions it with an above-average valuation in the market.
</li>
</ul>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
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<h3>Why Insider Activity Matters in Finance</h3>
Insider transactions, although significant, should be considered within the larger context of market analysis and trends.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Understanding Crucial Transaction Codes</h3>
Taking a closer look at transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001554859">Check Out The Full List Of Semler Scientific's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Insider Decision Unfolding At Semler Scientific: William Chang Exercises Options, Resulting In $0

In a new SEC filing on May 6, it was revealed that MESSINA, Director at Semler Scientific (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMLR#NASDAQ">SMLR</a>), executed a significant exercise of company stock options.
What Happened: The latest Form 4 filing on Tuesday with the <a href="https://www.sec.gov/Archives/edgar/data/0001554859/000110465925044700//Archives/edgar/data/1554859/000110465925044700/0001104659-25-044700-index.htm">U.S. Securities and Exchange Commission</a> uncovered MESSINA, Director at Semler Scientific, exercising stock options for 0 shares of SMLR. The total transaction was valued at $0.
Semler Scientific shares are trading, exhibiting down of 0.68% and priced at $33.35 during Tuesday's morning. This values MESSINA's 0 shares at $0.
<h3>Get to Know Semler Scientific Better</h3>
Semler Scientific Inc is a United States based company that is engaged in providing technology solutions to improve the clinical effectiveness and efficiency of healthcare providers. It focuses on developing, manufacturing, and marketing proprietary products and services that assist customers, including insurance plans, physicians, and risk assessment groups, in evaluating and treating chronic diseases. The company markets its vascular-testing product under the QuantaFlo brand, which is a four-minute in-office blood flow test. also invest in bitcoin and have adopted bitcoin as its treasury reserve asset. Company's healthcare technology solutions business is predominant operational focus, providing cash flows and enabling it to pursue bitcoin.
<h3>Semler Scientific: Delving into Financials</h3>
Revenue Challenges: Semler Scientific's revenue growth over 3 months faced difficulties. As of 31 December, 2024, the company experienced a decline of approximately -17.56%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Health Care sector.
Holistic Profitability Examination:
<ul>
<li>
Gross Margin: With a high gross margin of 91.12%, the company demonstrates effective cost control and strong profitability relative to its peers.
</li>
<li>
Earnings per Share (EPS): Semler Scientific's EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 3.64.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.0, Semler Scientific adopts a prudent financial strategy, indicating a balanced approach to debt management.
Valuation Metrics: A Closer Look
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 6.55 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 4.76 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): A high EV/EBITDA ratio of 15.59 positions the company as being more valued compared to industry benchmarks.
</li>
</ul>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Activity Matters in Finance</h3>
It's important to note that insider transactions alone should not dictate investment decisions, but they can provide valuable insights.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Important Transaction Codes</h3>
Taking a closer look at transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001554859">Check Out The Full List Of Semler Scientific's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Decision Making Waves At Semler Scientific: DANIEL MESSINA Exercises Options, Realizing $0

Disclosed in a recent SEC filing on May 6, Murphy-Chutorian, Chief Executive Officer at Semler Scientific (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMLR#NASDAQ">SMLR</a>), made a noteworthy transaction involving the exercise of company stock options.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001554859/000110465925044702//Archives/edgar/data/1554859/000110465925044702/0001104659-25-044702-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday showed that Murphy-Chutorian, Chief Executive Officer at Semler Scientific, a company in the Health Care sector, just exercised stock options worth 0 shares of SMLR stock with an exercise price of $0.0.
Semler Scientific shares are trading, exhibiting down of 0.68% and priced at $33.35 during Tuesday's morning. This values Murphy-Chutorian's 0 shares at $0.
<h3>Delving into Semler Scientific's Background</h3>
Semler Scientific Inc is a United States based company that is engaged in providing technology solutions to improve the clinical effectiveness and efficiency of healthcare providers. It focuses on developing, manufacturing, and marketing proprietary products and services that assist customers, including insurance plans, physicians, and risk assessment groups, in evaluating and treating chronic diseases. The company markets its vascular-testing product under the QuantaFlo brand, which is a four-minute in-office blood flow test. also invest in bitcoin and have adopted bitcoin as its treasury reserve asset. Company's healthcare technology solutions business is predominant operational focus, providing cash flows and enabling it to pursue bitcoin.
<h3>Breaking Down Semler Scientific's Financial Performance</h3>
Revenue Challenges: Semler Scientific's revenue growth over 3 months faced difficulties. As of 31 December, 2024, the company experienced a decline of approximately -17.56%. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Health Care sector.
Holistic Profitability Examination:
<ul>
<li>
Gross Margin: Achieving a high gross margin of 91.12%, the company performs well in terms of cost management and profitability within its sector.
</li>
<li>
Earnings per Share (EPS): Semler Scientific's EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 3.64.
</li>
</ul>
Debt Management: Semler Scientific's debt-to-equity ratio is below the industry average at 0.0, reflecting a lower dependency on debt financing and a more conservative financial approach.
In-Depth Valuation Examination:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 6.55 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 4.76 is above industry norms, reflecting an elevated valuation for Semler Scientific's stock and potential overvaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an impressive EV/EBITDA ratio of 15.59, Semler Scientific demonstrates exemplary market valuation, surpassing industry averages.
</li>
</ul>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Pay Attention to Insider Transactions</h3>
In the complex landscape of investment decisions, investors should approach insider transactions as part of a comprehensive analysis, considering various elements.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Unlocking the Meaning of Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates grant, award or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001554859">Check Out The Full List Of Semler Scientific's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Decision Unfolding At Semler Scientific: Douglas Murphy-Chutorian Exercises Options, Resulting In $0

Highlighted on May 6, it was unveiled in an SEC filing that SEMLER, Board Member at Semler Scientific (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMLR#NASDAQ">SMLR</a>), executed a significant transaction involving the exercise of company stock options.
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001554859/000110465925044703//Archives/edgar/data/1554859/000110465925044703/0001104659-25-044703-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday revealed that SEMLER, Board Member at Semler Scientific in the Health Care sector, exercised stock options for 0 shares of SMLR stock. The exercise price of the options was $0.0 per share.
During Tuesday's morning session, Semler Scientific shares down by 0.68%, currently priced at $33.35. Considering the current price, SEMLER's 0 shares have a total value of $0.
<h3>Unveiling the Story Behind Semler Scientific</h3>
Semler Scientific Inc is a United States based company that is engaged in providing technology solutions to improve the clinical effectiveness and efficiency of healthcare providers. It focuses on developing, manufacturing, and marketing proprietary products and services that assist customers, including insurance plans, physicians, and risk assessment groups, in evaluating and treating chronic diseases. The company markets its vascular-testing product under the QuantaFlo brand, which is a four-minute in-office blood flow test. also invest in bitcoin and have adopted bitcoin as its treasury reserve asset. Company's healthcare technology solutions business is predominant operational focus, providing cash flows and enabling it to pursue bitcoin.
<h3>Semler Scientific: Financial Performance Dissected</h3>
Decline in Revenue: Over the 3 months period, Semler Scientific faced challenges, resulting in a decline of approximately -17.56% in revenue growth as of 31 December, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Health Care sector.
Key Insights into Profitability Metrics:
<ul>
<li>
Gross Margin: The company excels with a remarkable gross margin of 91.12%, indicating superior cost efficiency and profitability compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): The company excels with an EPS that surpasses the industry average. With a current EPS of 3.64, Semler Scientific showcases strong earnings per share.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.0.
Valuation Metrics: A Closer Look
<ul>
<li>
Price to Earnings (P/E) Ratio: Semler Scientific's P/E ratio of 6.55 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 4.76, Semler Scientific's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 15.59, the company's EV/EBITDA ratio outperforms industry norms, reflecting positive market perception. This positioning indicates optimistic expectations for the company's future performance.
</li>
</ul>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Relevance of Insider Transactions</h3>
Investors should view insider transactions as part of a multifaceted analysis and not rely solely on them for decision-making.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes Worth Your Attention</h3>
For <a href="https://www.benzinga.com/money/investing-tools">investors</a>, a primary focus lies on transactions occurring in the open market, as indicated in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001554859">Check Out The Full List Of Semler Scientific's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Breaking Update: ERIC SEMLER Engages In Options Exercise At Semler Scientific Realizing $0

A large exercise of company stock options by Renae Cormier, Chief Financial Officer at Semler Scientific (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMLR#NASDAQ">SMLR</a>) was disclosed in a new SEC filing on May 6, as part of an insider exercise.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001554859/000110465925044704//Archives/edgar/data/1554859/000110465925044704/0001104659-25-044704-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday showed that Cormier, Chief Financial Officer at Semler Scientific, a company in the Health Care sector, just exercised stock options worth 0 shares of SMLR stock with an exercise price of $0.0.
The Tuesday morning market activity shows Semler Scientific shares down by 0.68%, trading at $33.35. This implies a total value of $0 for Cormier's 0 shares.
<h3>Discovering Semler Scientific: A Closer Look</h3>
Semler Scientific Inc is a United States based company that is engaged in providing technology solutions to improve the clinical effectiveness and efficiency of healthcare providers. It focuses on developing, manufacturing, and marketing proprietary products and services that assist customers, including insurance plans, physicians, and risk assessment groups, in evaluating and treating chronic diseases. The company markets its vascular-testing product under the QuantaFlo brand, which is a four-minute in-office blood flow test. also invest in bitcoin and have adopted bitcoin as its treasury reserve asset. Company's healthcare technology solutions business is predominant operational focus, providing cash flows and enabling it to pursue bitcoin.
<h3>Financial Insights: Semler Scientific</h3>
Negative Revenue Trend: Examining Semler Scientific's financials over 3 months reveals challenges. As of 31 December, 2024, the company experienced a decline of approximately -17.56% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Health Care sector.
Profitability Metrics: Unlocking Value
<ul>
<li>
Gross Margin: With a high gross margin of 91.12%, the company demonstrates effective cost control and strong profitability relative to its peers.
</li>
<li>
Earnings per Share (EPS): Semler Scientific's EPS outshines the industry average, indicating a strong bottom-line trend with a current EPS of 3.64.
</li>
</ul>
Debt Management: Semler Scientific's debt-to-equity ratio is below the industry average at 0.0, reflecting a lower dependency on debt financing and a more conservative financial approach.
In-Depth Valuation Examination:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 6.55 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 4.76 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Semler Scientific's EV/EBITDA ratio of 15.59 exceeds industry averages, indicating a premium valuation in the market
</li>
</ul>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Exploring the Significance of Insider Trading</h3>
Insider transactions, although significant, should be considered within the larger context of market analysis and trends.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>A Closer Look at Important Transaction Codes</h3>
Taking a closer look at transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001554859">Check Out The Full List Of Semler Scientific's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Decision Making Waves At Semler Scientific: Renae Cormier Exercises Options, Realizing $0

Semler Scientific Acquired 165 Bitcoins Between Apr. 25 And Apr. 29

Bill Miller IV&#8216;s investment firm has seen significant losses in its fourth-quarter portfolio additions as market uncertainties persist.
What Happened: According to U.S. Securities and Exchange Commission filings from February 14, Miller Value Partners, which investor Bill Miller III&#8216;s son runs, added three stocks to its portfolio in the fourth quarter of 2024. Since then, these stocks have seen significant drops.
All three new positions have faltered:
Carlyle Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CG#NASDAQ">CG</a>) fell 25.07%, losing $908,600 in value on its 70,000-share position. Carlyle CEO Harvey Schwartz recently <a href="https://www.semafor.com/article/04/24/2025/carlyle-group-ceo-harvey-schwartz-investors-want-to-know-trumps-rule-set">cited</a> policy uncertainty as a major market challenge during Semafor&#8217;s World Economy Summit, noting that businesses &#8220;need a rule set so they can optimize.&#8221;
Atkore Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATKR#NYSE">ATKR</a>) dropped 11.04%, representing a $296,370 loss on 37,000 shares. The electrical products manufacturer recently announced a $121-162 million impairment charge related to HDPE assets while maintaining its full-year fiscal 2025 outlook. The company also faces a securities lawsuit alleging it engaged in price-fixing schemes for PVC pipes.
Semler Scientific Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMLR#NASDAQ">SMLR</a>) suffered the steepest decline at 30.66%, with 43,000 shares losing $651,990 in value. Since December, Semler&#8217;s stock has plummeted over 52%, prompting an investigation by Kaskela Law on behalf of long-term investors.
The losses in Miller Value Partners' fourth-quarter portfolio additions appear to align with broader market trends.
The Dimensional ETF Trust Dimensional U.S. Core Equity 2 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFAC#NYSE">DFAC</a>), which holds Carlyle Group stock, has dropped 10.62%, from $66.80 to $59.70. The First Trust RBA American Industrial Renaissance ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRR#NASDAQ">AIRR</a>), which includes Atkore, has fallen 9.28%, from $77.20 to $70.03. Meanwhile, Schwab Strategic Trust Schwab Crypto Thematic ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STCE#NYSE">STCE</a>), which includes Semler Scientific Inc., has experienced a 26.31% decline, from $49.59 to $36.54.
See Also:&nbsp;<a href="https://www.benzinga.com/personal-finance/25/04/44940178/warren-buffett-says-millions-are-trapped-living-an-american-nightmare-but-proposes-a-tool-far-more-useful-than-raising-minimum-wage" target="_blank" rel="noreferrer noopener">Warren Buffett Says Millions Are Trapped Living An ‘American Nightmare' — But Proposes A Tool ‘Far More Useful' Than Raising Minimum Wage</a>
<a href="https://www.benzinga.com/go/ibkr-widget" target="_blank" rel="noreferrer noopener"></a><a href="https://www.benzinga.com/go/ibkr-widget" target="_blank" rel="noreferrer noopener"></a>Why It Matters: Despite these setbacks, analysts see potential upside. Recent ratings suggest implied gains of 2.56% for Carlyle Group, 3.88% for Atkore, and a substantial 70.34% for Semler Scientific from current levels, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
The family investment philosophy follows Bill Miller III&#8217;s legacy of <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44640955/bill-millers-firm-slashed-microstrategy-stake-by-70-the-move-that-dodged-a-costly-hit">contrarian value investing</a>. The senior Miller, famous for beating the S&amp;P 500 for 15 consecutive years at Legg Mason Value Trust, remains a vocal Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) advocate, calling it &#8220;an insurance policy against financial catastrophe.&#8221;
Miller Value Partners currently manages <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44640955/bill-millers-firm-slashed-microstrategy-stake-by-70-the-move-that-dodged-a-costly-hit">approximately $290 million in assets</a> through its Miller Income mutual fund and two ETFs.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/personal-finance/25/04/44969001/65-year-old-with-110k-saved-asks-if-he-can-retire-in-7-years-dave-ramsey-says-you-have-no-money-and-tells-him-to-stop-401k-contributions" target="_blank" rel="noreferrer noopener">65-Year-Old With $110K Saved Asks If He Can Retire in 7 Years — Dave Ramsey Says ‘You Have No Money' and Tells Him to Stop 401(k) Contributions</a></li>
</ul>
Photo Courtesy: JOURNEY STUDIO7 On Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

AIRR

ATKR

DFAC

STCE

Bill Miller's Q4 Additions Struggle Amid Market Uncertainty, What Else Is Dragging Them Down?

<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="582" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/23030113/Rollercoaster-1024x582.jpg" alt="" class="wp-image-11367" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/23030113/Rollercoaster-1024x582.jpg 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/23030113/Rollercoaster-300x171.jpg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/23030113/Rollercoaster-768x436.jpg 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/23030113/Rollercoaster.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h2 class="wp-block-heading">Here We Go Again&nbsp;</h2>
Warren Buffett&#8217;s mentor Benjamin Graham famously described the stock market as a mentally ill man (&#8220;Mr. Market&#8221;) who toggled between euphoria and despair. There&#8217;s an additional twist today, with Wall Street leaning left. Investment professionals on our X&nbsp;<a href="https://x.com/i/lists/1612691584155324417">Market Watchers list</a>&nbsp;alternate between rage against Trump and contempt for him.&nbsp;
We saw that today, as markets&nbsp;<a href="https://www.zerohedge.com/market-recaps/bitcoin-bid-gold-skids-stocks-bounce-amid-soft-data-slump">ripped higher</a>&nbsp;after hours on President Trump&#8217;s comments. ZeroHedge led with the news that Trump said he wouldn&#8217;t fire Fed Chairman Powell. But on our Market Watchers list, the focus was on tariffs. On Monday, they railed against Trump for wrecking the economy (as they saw it) with tariffs; on Tuesday, they mocked him for signaling some flexibility on them.&nbsp;
<h2 class="wp-block-heading">Tuesday&#8217;s Contempt For Trump</h2>
Here&#8217;s a small sample from our Market Watchers list: 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">And this is what it's like watching your opponent commit suicide <a href="https://t.co/TKcxZdO2FX">https://t.co/TKcxZdO2FX</a>
&mdash; Eliant Capital (@eliant_capital) <a href="https://twitter.com/eliant_capital/status/1914794195878879707?ref_src=twsrc%5Etfw">April 22, 2025</a></blockquote>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f979; <a href="https://t.co/pmK5VzAAdm">pic.twitter.com/pmK5VzAAdm</a>
&mdash; Le Shrub&#x1f333;&#x1f525;&#x1f1fa;&#x1f1e6; (@agnostoxxx) <a href="https://twitter.com/agnostoxxx/status/1914799482513809503?ref_src=twsrc%5Etfw">April 22, 2025</a></blockquote>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f602;&#x1f602;&#x1f602;&#x1f602;&#x1f602; <a href="https://t.co/PMInU7PZG8">pic.twitter.com/PMInU7PZG8</a>
&mdash; PiQ (@PiQSuite) <a href="https://twitter.com/PiQSuite/status/1914801599287058900?ref_src=twsrc%5Etfw">April 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">They looked you in the face and said it was Main Street's turn Then the The Treasury Secretary held a closed door meeting with Wall Street and said he "expected the situation to de-escalate" a day before Trump capitulated…for nothing in return
&mdash; BuccoCapital Bloke (@buccocapital) <a href="https://twitter.com/buccocapital/status/1914813577757667706?ref_src=twsrc%5Etfw">April 22, 2025</a></blockquote>
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&#8220;Trump capitulated&#8221; because he said the final tariffs on China are going to be&nbsp;somewhere below 145%? We&#8217;ll see.
<h2 class="wp-block-heading">Maybe Trump&#8217;s Critics Are Right</h2>
Let&#8217;s concede the possibility that Trump is going to completely fold on tariffs. On the one hand, America&#8217;s trade deficits have been one of Trump&#8217;s two biggest political concerns since <a href="https://www.playboy.com/read/playboy-interview/playboy-interview-donald-trump-1990/">at least 1990</a> (his other concern: avoiding nuclear war). 
<figure class="wp-block-image aligncenter size-large"><a href="https://www.playboy.com/read/playboy-interview/playboy-interview-donald-trump-1990/"><img loading="lazy" decoding="async" width="1024" height="550" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/23032303/Trump-Playboy-1-1024x550.jpg" alt="" class="wp-image-11368" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/23032303/Trump-Playboy-1-1024x550.jpg 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/23032303/Trump-Playboy-1-300x161.jpg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/23032303/Trump-Playboy-1-768x412.jpg 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/23032303/Trump-Playboy-1.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Also, Trump&#8217;s strongest support today comes from groups that don&#8217;t own a lot of stock, like young men (and very young women). 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Women R+4 among 18-21&#39;s is "the nightmare is just beginning"-tier for the left. <a href="https://t.co/TLzw3RhuRK">https://t.co/TLzw3RhuRK</a>
&mdash; Just Loki (@LokiJulianus) <a href="https://twitter.com/LokiJulianus/status/1914422701743382817?ref_src=twsrc%5Etfw">April 21, 2025</a></blockquote>
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And, as we saw above, some Wall Streeters have contempt for him.&nbsp;
On the other hand&#8230;what? Trump is going to fold on his goal of reindustrializing America to please them? It&#8217;s possible, but we wouldn&#8217;t bet on that. Here&#8217;s what we have been betting on.&nbsp;
<h2 class="wp-block-heading">How We&#8217;re Playing The Market Roller Coaster&nbsp;</h2>
Our gameplan has basically been to buy the dips and fade the rallies. That&#8217;s what we&#8217;ve done so far this week.&nbsp;
On Monday, when the market tanked, we took profits on a couple of our bearish big tech bets:
Options
<ol>
<li>Puts on Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>). Bought for $1.81 on <a href="https://portfolioarmor.substack.com/p/trade-alert-betting-against-the-bounce">4//14/2025</a>; sold for $2.71 on <a href="https://portfolioarmor.substack.com/p/trade-alert-betting-against-the-bounce/comment/110875000">4/21/2025</a>. Profit: 50%.</li>
<li>Puts on Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>). Bought for $1.56 on <a href="https://portfolioarmor.substack.com/p/trade-alert-monster-rally">4/9/2025</a>; sold for $4.02 on <a href="https://portfolioarmor.substack.com/p/trade-alert-monster-rally/comment/110877872">4/21/2025</a>. Profit: 158%.</li>
</ol>
And added <a href="https://portfolioarmor.substack.com/p/trade-alert-bitcoin-bull">a couple of bullish bets</a> on Bitcoin-related names. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24AAPL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$AAPL</a> <a href="https://twitter.com/search?q=%24NVDA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NVDA</a><a href="https://t.co/vJNbgejQ79">https://t.co/vJNbgejQ79</a>
&mdash; Portfolio Armor (@PortfolioArmor) <a href="https://twitter.com/PortfolioArmor/status/1914374100694315123?ref_src=twsrc%5Etfw">April 21, 2025</a></blockquote>
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One of those bullish bets was on Semler Scientific, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMLR#NASDAQ">SMLR</a>), a profitable medical tech company that borrowed Michael Saylor&#8217;s Bitcoin Balance Sheet strategy. SMLR closed up 11.57% on Tuesday. 
On Tuesday, when the market rallied, we <a href="https://portfolioarmor.substack.com/p/trade-alert-tariff-fallout">added bearish bets</a> against two of the main vendors used by American small businesses that import from China. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24SPY&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SPY</a><a href="https://t.co/7fiDKQNDFW">https://t.co/7fiDKQNDFW</a>
&mdash; Portfolio Armor (@PortfolioArmor) <a href="https://twitter.com/PortfolioArmor/status/1914712758643261451?ref_src=twsrc%5Etfw">April 22, 2025</a></blockquote>
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If the market rallies again on Wednesday, we&#8217;ll be adding more short exposure. If you want a heads up when we do, you can subscribe to our trading Substack/occasional email list below.&nbsp;
And if you want to take advantage of the rally to hedge, 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24SPY&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SPY</a> <a href="https://twitter.com/search?q=%24QQQ&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$QQQ</a> <a href="https://t.co/CE1xSWLwcH">https://t.co/CE1xSWLwcH</a>
&mdash; Portfolio Armor (@PortfolioArmor) <a href="https://twitter.com/PortfolioArmor/status/1914733519273594937?ref_src=twsrc%5Etfw">April 22, 2025</a></blockquote>
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</figure>
As a reminder, you can download the Portfolio Armor optimal hedging app by aiming your iPhone camera at the QR code below (or by <a href="https://apps.apple.com/us/app/portfolio-armor/id394951144">tapping here</a>, if you&#8217;re reading this on your phone). Our app can help you find the least expensive hedges given your risk tolerance and time frame.
<figure class="wp-block-image size-full"><a href="https://apps.apple.com/us/app/portfolio-armor/id394951144"><img loading="lazy" decoding="async" width="200" height="197" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/23033219/QR-Code-6.jpg" alt="" class="wp-image-11369" /></a></figure>
If you&#8217;d like to stay in touch
You can scan for optimal hedges for individual securities, find our current top ten names, and create hedged portfolios on <a href="https://portfolioarmor.com/">our website</a>. You can also follow Portfolio Armor on X <a href="https://twitter.com/portfolioarmor">here</a>, or become a free subscriber to our trading Substack using the link below (we&#8217;re using that for our occasional emails now).
<figure class="wp-block-image aligncenter size-full"><a href="https://portfolioarmor.substack.com/"><img loading="lazy" decoding="async" width="581" height="372" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/23033408/Widget-5.jpg" alt="" class="wp-image-11370" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/23033408/Widget-5.jpg 581w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/23033408/Widget-5-300x192.jpg 300w" sizes="(max-width: 581px) 100vw, 581px" /></a></figure>

AAPL

NVDA

Bipolar Market Rips Higher On False Hope

Healthcare technology company Semler Scientific Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMLR#NASDAQ">SMLR</a>) announced its latest securities offering Tuesday to add to its fast-expanding Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) stockpile.
What happened: In a Form S-3 registration statement with the SEC, the firm proposed to offer $500 million in securities, including debt securities, common stock, units, and warrants.
"We intend to use the net proceeds from the sale of any securities offered under this prospectus primarily for general corporate purposes, including the acquisition of Bitcoin," Semler said.&nbsp;
Semler <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/3904">adopted Bitcoin as its primary treasury reserve asset</a> in May 2024,&nbsp; funding its purchases through corporate maneuvers such as equity and debt financings, as well as cash flows from its operations.
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/25/04/44831018/cathie-wood-declares-financial-services-revolution-after-data-shows-decentralized-finance-surpassing-traditional-banking-system">Cathie Wood Calls It &#8216;Financial Services Revolution&#8217; After Ark Analyst Highlights DeFi&#8217;s Dominance Over Traditional Banking System</a>
Earlier in January, the firm<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43195291/microstrategy-devotee-semler-scientific-doubles-down-on-bitcoin-buys"> issued convertible bonds worth $85 million</a> and used proceeds from the transaction to add to its Bitcoin reserves.
Metaplanet owned 3,192 BTCs worth $280 million as of this writing, making it the 12th-largest corporate holder of the leading cryptocurrency, <a href="https://bitcointreasuries.net/">according </a>to BitcoinTreasuries data.&nbsp;
Interestingly, the decision to buy more comes despite the firm&#8217;s 5% unrealized loss on Bitcoin assets.
Why It Matters: Semler's fundraising efforts come amid a broader trend of corporate Bitcoin adoption, evangelized by Michael Saylor's Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), <a href="https://in.benzinga.com/markets/cryptocurrency/25/02/43878748/michael-saylor-bitcoin-is-economic-armor-calls-on-us-to-accumulate-btc">the world's biggest BTC hoarder</a>.
Japan-based Metaplanet Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MTPLF#OTC">MTPLF</a>), currently the tenth-largest corporate Bitcoin holder, has <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44807580/eric-trump-celebrates-metaplanets-bitcoin-moonshot-as-japanese-firm-rockets-into-top-10-corporate-holders-with-388-million-btc-stash">followed the same playbook</a>.
In other news, Semler reached a $29.75 million settlement with the Justice Department, resolving claims of violations of a <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39042812/semler-scientific-28-after-adopting-bitcoin-as-primary-treasury-reserve-asset-whats-going-">federal anti-fraud law</a> related to its marketing of a product known as QuantaFlo.
Price Action: At the time of writing, Bitcoin traded at $83,169.20, down 3.11% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;
Semler shares were down 0.15% in after-hours trading after closing 0.41% higher at $34.40 during Tuesday&#8217;s regular session. 
The stock demonstrated high momentum—the measure of a stock&#8217;s relative strength based on its price movement patterns and volatility over multiple timeframes—as of this writing. Visit <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings </a>to compare how other Bitcoin-buying companies like Strategy score on this metric.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44832008/peter-schiff-says-since-trump-was-elected-bitcoin-advocates-took-a-180-turn-on-us-economy-but-critics-say-economist-mistaken">Peter Schiff Says Since Trump Was Elected Bitcoin Advocates Took A 180 Turn On US Economy, But Critics Say Economist Mistaken</a></li>
</ul>
Image Via Shutterstock

Despite Unrealized Losses, Semler Scientific Plans $500 Million Securities Offering To Boost Bitcoin Holdings

Legal

Press Releases

Bragar Eagel & Squire, P.C. Is Investigating Arvinas, Semler, and Abacus and Encourages Investors to Contact the Firm

Semler Scientific® Announces CardioVanta™, a New Entity that Seeks to Unlock Value of Future Medical Business Opportunities

Rosen Law Firm Encourages Semler Scientific, Inc. Investors to Inquire About Securities Class Action Investigation - SMLR

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Semler Scientific Inc. - SMLR

Bragar Eagel & Squire, P.C. Is Investigating GoHealth, Abacus, GoHealth, and Fulgent and Encourages Investors to Contact the Firm

SMLR Investor News: If You Have Suffered Losses in Semler Scientific, Inc. (NASDAQ: SMLR), You Are Encouraged to Contact The Rosen Law Firm About Your Rights

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