Catenaa, Friday, April 18, 2025-Semler Scientific, a Nasdaq-listed healthcare technology company, has filed a registration statement with the US Securities and Exchange Commission for a proposed $500 million securities offering to support general corporate purposes, including additional purchases of bitcoin.
According to Tuesday’s (15) filing, the offering may consist of debt, equity, warrants, or units. While the company has not detailed the exact breakdown of how funds will be used, it reaffirmed its strategy to expand bitcoin holdings as part of its long-term corporate treasury plan.
“We view our bitcoin holdings as long-term and expect to continue to accumulate bitcoin,” the company stated in its S-3 filing. Semler currently holds 3,192 BTC acquired at an average purchase price of $87,854. The total value of its bitcoin holdings stands at $266 million, reflecting an unrealized loss of around $14 million.
Semler’s announcement coincided with a disclosure of a tentative agreement with the US Department of Justice to settle allegations under the False Claims Act. The company agreed in principle to pay $29.75 million to resolve claims related to Medicare reimbursement practices linked to its medical devices.
Chairman Eric Semler confirmed the developments on X, adding, “Excited to buy more BTC!”
Additionally, the company revealed a master loan agreement with crypto exchange Coinbase, enabling it to use its bitcoin as collateral for borrowing. Should the DOJ settlement proceed, Semler plans to use the borrowed funds and existing cash to fulfill the payment.
