U.S.-based health technology firm Semler Scientific has filed with the SEC for a $500 million securities offering to expand its Bitcoin (BTC) holdings.
The offering may include debt instruments, equity, and options, with the majority of the proceeds intended for Bitcoin investments and other general corporate purposes. Since adopting its Bitcoin strategy in May 2024, the company has accumulated 3,192 BTC, viewing it as a long-term store of value.
Additionally, Semler Scientific has agreed to pay $29.75 million to settle fraud allegations related to the marketing of its QuantaFlo product, as part of a deal with the U.S. Department of Justice (DOJ).
To fund the settlement, the company plans to secure a loan through Coinbase, using its existing Bitcoin holdings as collateral. Both the securities offering and the DOJ settlement reinforce Semler's commitment to its Bitcoin strategy and its intent to further expand its crypto-based reserves.
