Semler Scientific is preparing to raise up to $500 million through a flexible securities offering, signaling that part of the funds could be used to increase its exposure to Bitcoin.
The medical tech firm disclosed the plan in a recent filing with the U.S. Securities and Exchange Commission.
According to the document, the company is seeking approval to issue a mix of securities in future offerings, potentially including stocks, bonds, or other financial instruments.
Specifics on each issuance will be detailed in supplemental filings as they’re rolled out. Semler added that the securities could be sold via direct offerings, or through intermediaries like brokers or underwriters.
The company’s stock, which trades under the ticker SMLR on the Nasdaq Capital Market, has been on a rollercoaster over the past year. Since the beginning of 2024, its price has swung between $21.03 and $74.73, settling most recently at $34.26.
The volatility, Semler said, is partly linked to broader crypto market fluctuations and its newly adopted strategy of holding Bitcoin as part of its treasury reserves.
Despite these sharp price moves, the firm clarified that its core business and financial health remain unchanged. Semler initially entered the Bitcoin space last year, joining a number of public companies shifting a portion of their capital into digital assets.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
