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Semler Scientific Files $500M Offering, Holds 3,192 BTC, to Fund Bitcoin Buys and Settle DOJ Case

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Updated Apr 16, 2025, 11:19 AM

Semler Scientific, a Nasdaq-listed healthcare technology company with a market capitalization of approximately $330 million, has filed a Form S-3 registration statement with the U.S. Securities and Exchange Commission to raise up to $500 million through a securities offering. The company stated that the proceeds will be used primarily for general corporate purposes, including the acquisition of additional Bitcoin. As of April 15, Semler Scientific holds 3,192 BTC, valued at approximately $380 million, with an average purchase price of $87,854 per Bitcoin. The company has generated a 152% yield from its Bitcoin treasury strategy, which was implemented in May 2024. The filing coincides with a tentative $29.75 million settlement with the U.S. Department of Justice to resolve allegations related to the marketing of its QuantaFlo product. Semler Scientific intends to use a combination of cash on hand, proceeds from the offering, and a loan from Coinbase, with its Bitcoin holdings as collateral, to pay the DOJ settlement. The company has $223 million in Bitcoin, a business generating $20 million annually, and $85 million in convertible debt. Its stock, SMLR, is down 37% year-to-date to $34.40. Chairman Eric Semler has expressed enthusiasm for further Bitcoin purchases, emphasizing Bitcoin's role as a reliable store of value and an inflation hedge. Semler Scientific ranks 12th among public companies holding Bitcoin.

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US Semler applies for $500 million funding quota to strengthen Bitcoin strategy https://t.co/TZRX8MfW8G

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SEMLER SCIENTIFIC FILES FOR $500M OFFERING TO BUY MORE BITCOIN, DOUBLING DOWN ON ITS CRYPTO TREASURY STRATEGY Semler Scientific has filed for a $500M shelf offering to fund additional Bitcoin purchases, aiming to expand its crypto holdings. The company currently holds 3,192 BTC https://t.co/Kpd5Y6Tq39