Financial Data and Key Metrics Changes - Total revenues in Q1 2025 were $8.8 million, down approximately 44% compared to Q1 2024 [15] - Operating expenses in Q1 2025 were $39.9 million, compared to $8.9 million in Q1 2024, including a $29.8 million contingency reserve related to a DOJ settlement [15] - The net loss for Q1 2025 was $64.7 million, or $6.74 per share, compared to a net income of $6.1 million, or $0.88 per share in Q1 2024 [18] Business Line Data and Key Metrics Changes - The healthcare business is experiencing pressure from payment changes made by CMS, impacting revenue [12] - The company is targeting growth in the cardiovascular space and plans to introduce additional FDA cleared products [12][25] Market Data and Key Metrics Changes - The company has acquired a total of 3,808 Bitcoins valued at approximately $400 million, making it the fourth largest Bitcoin treasury company in the US [6] - In 2025, the company acquired 1,510 Bitcoins with a BTC yield of 22.2%, resulting in a BTC dollar gain of $52 million [6] Company Strategy and Development Direction - The company prioritizes its Bitcoin treasury strategy while managing its healthcare business to generate cash for Bitcoin purchases [10] - The strategic focus includes diversifying the customer base and innovating in the healthcare sector [12][25] Management's Comments on Operating Environment and Future Outlook - Management acknowledges headwinds in the healthcare business but sees potential for growth through new initiatives [12] - The company aims to minimize declines in QuantiFlo revenue while expanding into new markets [25] Other Important Information - The company launched a Bitcoin dashboard for investors to track Bitcoin-related statistics [21] - A new $500 million ATM program became effective on April 22, 2025, to support Bitcoin acquisitions [8] Q&A Session Summary Question: What are your plans this year for accumulating more Bitcoin? - The company has ambitious plans to increase its Bitcoin stockpile and is confident in utilizing its $500 million ATM for additional acquisitions [23] Question: What's driving the underlying trends in the business, and what do you expect for 2025? - Despite government payment changes, the company continues to see testing and customer additions, focusing on maintaining infrastructure for growth in cardiovascular disease states [24][25]

Financial Data and Key Metrics Changes - Total revenues in Q1 2025 were $8.8 million, down approximately 44% compared to Q1 2024 [13] - Operating expenses in Q1 2025 were $39.9 million, compared to $8.9 million in Q1 2024, including a $29.8 million contingency reserve related to a DOJ settlement [13] - The net loss for Q1 2025 was $64.7 million, or $6.74 per share, compared to a net income of $6.1 million, or $0.88 per share in Q1 2024 [15] Business Line Data and Key Metrics Changes - The healthcare business is experiencing pressure from payment changes made by CMS, but there are signs of growth in diversifying the customer base and introducing new FDA cleared products [11] - The company is pursuing a new 510(k) clearance for a product extension aimed at diagnosing heart failure, expected in 2025 [11] Market Data and Key Metrics Changes - The company has acquired a total of 3,808 Bitcoins valued at nearly $400 million, making it the fourth largest Bitcoin treasury company in the U.S. [6] - In 2025, the company acquired 1,510 Bitcoins with a yield of 22.2%, resulting in a BTC dollar gain of $52 million [6] Company Strategy and Development Direction - The corporate strategy is focused on three core principles: prioritizing the Bitcoin treasury strategy, ensuring the healthcare business generates cash, and increasing Bitcoin holdings [9] - The company aims to manage its healthcare business to generate cash primarily for Bitcoin purchases [4] Management's Comments on Operating Environment and Future Outlook - Management acknowledges headwinds in the healthcare business but remains optimistic about future growth opportunities in the cardiovascular space [11] - The company emphasizes its commitment to executing its Bitcoin treasury strategy alongside its healthcare business [24] Other Important Information - The company completed a $100 million convertible note financing round, using most proceeds to buy Bitcoin [7] - A new $500 million ATM program became effective on April 22, 2025, to support further Bitcoin acquisitions [7] Q&A Session Summary Question: What are your plans this year for accumulating more Bitcoin? - The company has ambitious plans to increase its Bitcoin stockpile and is confident in utilizing its $500 million ATM for additional acquisitions [21] Question: What's driving the underlying trends in the business, and what do you expect for 2025? - Despite government payment adjustments, the company is focused on minimizing declines in QuantiFlo revenue while expanding its customer base and targeting new markets [22][23]

Financial Highlights - Semler Scientific reported revenues of $56.3 million in FY2024 and $8.8 million in Q1 2025[11] - The company held 3,733 bitcoins as of May 12, 2025[10] - Semler Scientific acquired 3,808 bitcoins at a total cost of $340 million as of May 12, 2025[11] - The total market value of Semler Scientific's bitcoin holdings was $387.9 million as of May 12, 2025[11] - Semler Scientific had a cash, cash equivalents, and restricted cash balance of $9.9 million as of March 31, 2025[12] Bitcoin Strategy - Semler Scientific aims to create stockholder value through bitcoin accumulation[7] - The company strategically uses debt and equity securities issuances to accumulate bitcoin[7] - Semler Scientific's primary treasury reserve asset is bitcoin[11] - The company has an ATM authorization remaining of $438 million[25] Healthcare Business - Semler Scientific's healthcare business has historically been cash generative, which may support future bitcoin purchases[7] - The company is expanding product offerings and seeking a new 510(k) clearance[28]

Core Viewpoint - Thumzup Media Corporation has filed an amendment to its universal shelf registration statement, increasing the maximum aggregate offering amount from $200 million to $500 million to support working capital and its Bitcoin acquisition strategy [1][2]. Group 1: Registration Statement Details - The upsized registration statement will allow Thumzup to raise up to $500 million for additional working capital and to further its Bitcoin acquisition strategy [2]. - The Company’s Board of Directors has authorized Thumzup to allocate up to 90% of its liquid assets to Bitcoin as part of its treasury strategy [1][2]. - Thumzup may raise capital in one or more offerings over the next three years, utilizing various securities including common stock, preferred stock, warrants, debt securities, purchase contracts, and/or units [2][3]. Group 2: Future Offerings - Specific terms for any future capital raising under the shelf registration will be detailed in a prospectus supplement filed with the SEC at the time of the offering [3]. - No securities are being sold at this time under the amended shelf registration [3][4]. Group 3: Company Overview - Thumzup Media Corporation is focused on democratizing the social media branding and marketing industry, offering a platform that allows users to earn cash for posting about participating advertisers [6]. - The Thumzup app is available for download on major platforms, enhancing user engagement and advertiser reach [5][6].

Core Viewpoint - Thumzup Media Corporation has filed a universal shelf registration statement with the SEC, allowing it to raise up to $200 million for working capital and Bitcoin acquisitions, while also authorizing the allocation of up to 90% of its liquid assets to Bitcoin under its BTC Reserve Strategy [1][2][3]. Group 1: Company Strategy - The company currently holds 19.106 BTC, valued at approximately $1.8 million as of May 4, 2025 [1]. - The Board of Directors has approved a strategy to acquire Bitcoin, permitting the allocation of up to 90% of liquid assets to BTC [3]. - The registration statement allows for capital raises through various securities over three years after it becomes effective [3][4]. Group 2: Capital Raising Mechanism - The registration statement on Form S-3 is not yet effective, meaning no securities can be sold or offers accepted until it is [5]. - Future offerings will be detailed in a prospectus supplement filed with the SEC, providing flexibility for capital raising [4][5]. Group 3: Company Overview - Thumzup Media Corporation operates in the social media branding and marketing industry, offering a platform that allows users to earn cash for promoting advertisers on social media [6]. - The platform features a programmatic advertiser dashboard and a consumer-facing app, facilitating cash payments through digital payment systems [6].

Financial Data and Key Metrics Changes - In Q1 2025, the company reported total software revenues of approximately $111 million, down 3.6% year-over-year, primarily due to lower product license and support revenues [24] - The company adopted fair value accounting for its Bitcoin holdings, resulting in a beginning balance of retained earnings adjustment of $17.9 billion due to the difference between carrying value and fair value [27] - The price of Bitcoin declined from approximately $93,400 at the end of 2024 to roughly $82,400 at the end of Q1 2025, leading to an unrealized fair value loss of $5.9 billion [28] Business Line Data and Key Metrics Changes - Subscription services revenues in the cloud segment increased by 62% year-over-year, now accounting for approximately 33% of total revenues, with subscription billings growing by 38% to $24.5 million [24] - The decline in product license revenues and support revenues was offset by growth in cloud services, indicating a successful transition from on-premise to cloud solutions [24] Market Data and Key Metrics Changes - The company remains the largest corporate holder of Bitcoin globally, holding 553,555 Bitcoins valued at $52 billion as of April 28, 2025 [6] - The company has raised $10 billion year-to-date through various capital market activities, including $6.6 billion in equity and $3.4 billion in fixed income instruments [12] Company Strategy and Development Direction - The company plans to continue its aggressive Bitcoin accumulation strategy, having utilized $37.3 billion of capital to increase its Bitcoin holdings [10] - The introduction of the new $42 billion capital plan aims to raise additional equity and fixed income capital through 2027, allowing for strategic flexibility [19][20] - The company emphasizes its unique position in the market, having outperformed major asset classes and the S&P 500 since adopting its Bitcoin strategy in 2020 [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a 25% BTC yield target for 2025, up from the previous target of 15%, reflecting strong year-to-date performance [23] - The management highlighted the positive impact of recent government actions on Bitcoin's legitimacy and institutional interest, setting the stage for deeper integration into the U.S. financial system [7] Other Important Information - The company has raised $6.6 billion through its ATM equity offering program and $2 billion through a convertible note offering in Q1 2025 [8] - The company’s capital structure is described as well-fortified, with $109 billion in equity market cap and significant Bitcoin reserves supporting its fixed income liabilities [35] Q&A Session Summary Question: What is the company's strategy for capital raising? - The company introduced the 2121 plan to raise $21 billion in equity and fixed income capital, achieving 65% completion in just six months, reflecting strong market access and investor demand [18] Question: How does the company plan to outperform Bitcoin? - The management discussed various BTC metrics and strategies to create shareholder value, emphasizing the importance of capital markets transactions and their long-term impact on stock performance [42][46]

Group 1: Bitcoin's Mainstream Acceptance - Bitcoin has gained legitimacy and mainstream status, with the SEC acknowledging it through spot Bitcoin ETFs like iShares Bitcoin Trust by BlackRock [1] - Companies like MicroStrategy have successfully used Bitcoin to enhance shareholder value, with its stock soaring 20x since 2020 [1] Group 2: Companies Embracing Bitcoin - More companies outside the tech sector are replacing cash reserves with Bitcoin or investing in it [3] - Alliance Resource Partners, the largest coal producer in the Eastern U.S., is diversifying into Bitcoin mining, having mined over $30 million worth of Bitcoin by April 2024 [6][11] - Semler Scientific adopted Bitcoin as its primary treasury reserve asset in May 2024, leading to a significant increase in its stock price from $26 to a peak of $81.56 [15] - Mogo Inc. approved an initial investment of up to $5 million in Bitcoin and Bitcoin ETFs, which initially boosted its stock price [21] Group 3: Financial Performance and Outlook - Alliance Resource Partners reported a revenue of $2.4 billion and net income of $360.9 million for the full year 2024, with a forecast of coal sales volumes between 32.25 million to 34.25 million tons for 2025 [7][8] - Semler Scientific holds 3,192 Bitcoins valued at an average price of $87,854 each, with a market capitalization growth of over 200% since adopting Bitcoin [19][20] - Mogo's Q3 2024 revenues rose 8.28% YoY to $12.69 million, with significant growth in its payment solutions business [22][23]