Publicly traded healthcare technology company Semler Scientific is significantly deepening its corporate Bitcoin strategy, signaling a strong conviction in the digital asset’s future.
The firm recently filed regulatory documents outlining plans for a potential $500 million capital raise through various securities. A key use for these potential funds, as stated in the S-3 filing with the SEC, will be furthering its Bitcoin acquisition goals alongside general corporate operations.
This move underscores Semler Scientific’s commitment, viewing its BTC holdings as a long-term investment. While not setting a specific target, the company intends to continue accumulating crypto assets, adapting its purchase decisions based on market dynamics.
Having initiated its Bitcoin purchases in May 2024, Semler Scientific’s treasury now holds 3,192 BTC, valued at approximately $315 million based on recent market data. This positions the company among a growing list of public entities incorporating digital assets onto their balance sheets.
Further integrating crypto into its financial operations, Semler has also secured a master loan agreement with Coinbase. This arrangement allows the company to leverage its substantial Bitcoin holdings as collateral for borrowing, providing financial flexibility.
Separately, the company disclosed an agreement-in-principle to resolve claims under the False Claims Act with the Department of Justice, involving a payment of $29.75 million.