Semler Scientific, a U.S.-based healthcare tech firm, has filed plans with the SEC to raise up to $500 million through a securities offering. The company aims to use the funds to expand its Bitcoin holdings and invest in technologies that enhance its healthcare operations.
Doubling Down on Bitcoin
As of February 2025, Semler holds 3,192 BTC—worth about $266 million. This marks a major leap from when the company first began buying Bitcoin in May 2024. Since then, it’s positioned the cryptocurrency as a “reliable store of value and a compelling investment.”
Semler’s move mirrors strategies seen at companies like MicroStrategy and Metaplanet, which treat Bitcoin as a key asset in their financial portfolios.
Settlement with DOJ and Coinbase-Backed Loan
Alongside its fundraising efforts, Semler has agreed to a tentative $29.75 million settlement with the Department of Justice. The deal addresses claims tied to how it marketed its QuantaFlo product.
To cover the settlement cost, Semler plans to take out a loan from Coinbase—putting some of its Bitcoin stash up as collateral. This creative approach allows the company to tap into its digital assets without selling them.
While Semler is betting big on Bitcoin, its stock has taken a hit. Shares (SMLR) are trading at $34.40, down 37% so far this year. However, this new strategy could help the company rebound by diversifying its assets and leveraging tech-driven growth.
