Semler Scientific Goes All-In on Bitcoin with $500M Offering and Coinbase Loan

Healthcare Tech Firm Doubles Down on Crypto Strategy

Hang on to your hats, crypto fans! Semler Scientific, the audacious medical device maker, just cranked up its Bitcoin strategy to eleven. They've filed a jaw-dropping $500 million securities offering with the SEC, and they're not shy about their plans to pump those funds into more Bitcoin (BTC). That's right, they're going big or going home!

This Nasdaq-listed healthcare tech powerhouse isn't messing around. In their S-3 statement, they laid it all out on the table: they might be selling common stock, preferred stock, debt securities, warrants, and units over time. But here's the kicker - they're using those proceeds "primarily for general corporate purposes, including the acquisition of Bitcoin." Talk about putting your money where your mouth is!

Semler Scientific isn't just dipping their toes in the crypto pool; they're diving in headfirst. They've made it crystal clear in their filing that they see their Bitcoin stash as a long-term play, and they're not stopping now. "We expect to continue to accumulate Bitcoin," they declared boldly. But they're keeping it real, too, admitting they haven't set a specific target for their Bitcoin holdings and will keep a close eye on market conditions before making more moves.

These guys have been on the Bitcoin train since May 2024, and they're not slowing down. Right now, they're sitting on a cool 3,192 BTC, worth a staggering $315 million. But wait, there's more! Semler also inked a master loan agreement with Coinbase, using their Bitcoin as collateral. And in a separate filing, they agreed to pay a hefty $29.75 million to settle some claims with the Department of Justice. It's clear these folks are playing hardball in the world of crypto and beyond!