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2025-04-16 03:13:14

Semler Scientific Files for $500 Million Raise to Fuel Bitcoin Investment Strategy

The post Semler Scientific Files for $500 Million Raise to Fuel Bitcoin Investment Strategy appeared first on Coinpedia Fintech News Semler Scientific, a healthcare tech company, is going full steam ahead with its Bitcoin strategy. The company has filed a new S-3 registration with the SEC, signaling plans to raise to $500 million. This capital raise would come through a variety of securities like common stock, debt, and warrants. While the funds will be used for general corporate purposes, the company clearly stated that a portion will go toward buying more Bitcoin. JUST IN: Semler Scientific files with the SEC to raise $500 Million to buy more Bitcoin The company currently holds 3,192 $BTC acquired for total cost of ~$280.4 Million pic.twitter.com/In2z3VDOOR — CryptosRus (@CryptosR_Us) April 15, 2025 Already a Major Bitcoin Holder Semler is not new to crypto; they already own 3,192 BTC and has been steadily increasing its stash. Back in February, the company added 871 BTC for $88.5 million, paying an average of over $101,000 per coin. That followed a separate $30 million purchase late last year. Despite Bitcoin’s recent dip below $99,000, Semler appears committed to its long-term crypto strategy. Semler Scientific CEO Eric Semler claims he’s “excited to buy more BTC.” We have reached a settlement in principle, EXCITED TO BUY MORE BTC! — Eric Semler (@SemlerEric) April 15, 2025 Bitcoin as a Corporate Lifeline Notably, this shift is more than the investment strategy, it’s part of a larger turnaround story. Before adopting its Bitcoin treasury strategy in May 2024, Semler was viewed as a stagnant rich public company with solid cash reserves but poor stock performance. Now, with one of the largest BTC holdings among public companies, it’s reinventing itself. The firm believes Bitcoin is not just a hedge against inflation but a safe haven during times of global uncertainty. Dealing DOJ Settlement At the same time, the company is navigating a major legal hurdle. Semler recently reached a tentative $29.75 million settlement with the Department of Justice over allegations tied to how it marketed its QuantaFlo product. To pay off this settlement, the company plans to borrow from Coinbase and use its Bitcoin holdings as collateral. It will also tap into its existing cash on hand to cover part of the cost. Still a High-Risk Strategy Even with its bold Bitcoin stance, Semler’s stock hasn’t seen the boost you’d expect. The share price has fallen 37% so far this year. Still, the company is standing firm on its belief that Bitcoin is a long-term asset worth holding. By continuing to build its crypto portfolio and reshaping how it does business, Semler is clearly betting that this high-stakes strategy will eventually pay off.

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