Semler Scientific Plans to Raise $500M, Eyes Bitcoin Amid DOJ Settlement

More than two months after buying 3,192 BTC, healthcare technology company Semler Scientific is back in the headlines, and not just for its Bitcoin ambitions. In a surprising twist, the firm is planning to raise $500 million in a move that may significantly boost its crypto holdings. As the Bitcoin price rose by 10% from last week and is trading at $83k, many firms are taking this opportunity to boost their BTC holdings. 

$500M Securities Offering Could Fuel Next Bitcoin Purchase

According to a recent SEC filing, Semler Scientific has submitted a shelf registration statement. This allows the company to issue various types of securities, including common stock, preferred stock, debt securities, and warrants, over time.

While the filing states that funds will go toward general corporate purposes, one detail stands out: the acquisition of Bitcoin is a top priority. This bold strategy reinforces the company’s commitment to cryptocurrency, even as its stock (SMLR) has dipped 37% year-to-date.

Why Bitcoin? Scarcity, Stability, and Store of Value

Semler Scientific isn’t just buying Bitcoin on a whim. In its filing, the company called Bitcoin a “reliable store of value” and a “compelling investment.” It praised Bitcoin’s finite supply, positioning it as a strong inflation hedge, especially in a world marked by financial uncertainty and global instability.

Semler joins a growing list of companies turning to Bitcoin as a hedge against fiat currency risk. It currently ranks 12th among public companies holding BTC, according to Bitcoin Treasuries.

Legal Troubles: $29.75M DOJ Settlement Looms

Alongside its financial plans, Semler also revealed a separate filing that may raise concerns. The firm has reached a tentative $29.75 million settlement with the U.S. Department of Justice. The case involves alleged violations of federal anti-fraud laws tied to the company’s QuantaFlo product.

To cover this settlement, Semler intends to borrow from Coinbase, one of the biggest crypto platforms in the world. The connection between the legal issue and the crypto world adds a unique twist to Semler’s financial playbook.

From “Zombie Company” to Bitcoin Bull

Once labelled a “zombie company” by its chairman, Eric Semler, due to stagnant stock performance despite profitability, the firm is clearly shifting gears. With strong cash reserves and a growing belief in digital assets, Semler is aiming to reinvent itself as a crypto-forward player in the healthcare space.

Although its next Bitcoin buy hasn’t been confirmed, the intent is loud and clear: Semler is betting big on Bitcoin as part of its long-term corporate strategy.

Conclusion

Semler Scientific is taking bold steps in two high-stakes areas: cryptocurrency and legal resolution. Whether these moves pay off financially or not, one thing is clear: the company is all-in on Bitcoin. As crypto adoption grows, Semler could either become a model for other traditional firms or serve as a cautionary tale.