Medical tech firm looks to expand crypto holdings amid legal settlement
Nasdaq-listed healthcare tech company Semler Scientific has filed for a $500 million securities offering to fund general operations and further Bitcoin acquisitions. The move signals continued confidence in BTC as a treasury asset, even as the company settles a federal fraud case with the U.S. Department of Justice (DOJ).
According to the SEC filing, Semler intends to use the raised capital “primarily for general corporate purposes, including the acquisition of bitcoin.” No specific purchase amount was disclosed.
Bitcoin strategy amid DOJ settlement
The filing comes on the same day Semler reached a $29.75 million tentative settlement with the DOJ over alleged anti-fraud law violations tied to its QuantaFlo product. To pay the fine, Semler plans to borrow from Coinbase and may use Bitcoin as collateral.
Semler’s Bitcoin strategy began in mid-2024, transforming the firm from what its chairman once called a “zombie company” to a vocal Bitcoin bull. It currently holds 3,192 BTC, placing it 12th among publicly traded firms by BTC holdings.
Semler previously claimed a 152% yield on its Bitcoin investments and continues to view the asset as a long-term hedge against inflation. Despite this, its stock (SMLR) is down 37% year-to-date.
