Semler Scientific Plans To Raise $75M To Fund Bitcoin Buys As Gains On BTC Holdings Hit Almost $30M
Semler Scientific aims to raise $75 million in convertible senior notes to fund further Bitcoin purchases. The healthcare tech and software firm also plans to expand its Bitcoin holdings after its existing investment in the leading cryptocurrency reached an unrealized gain of $28.9 million, according to the fourth quarter 2024 earnings released by the company on Jan. 23. $SMLR Announces Proposed Private Offering of $75 million of Convertible Senior Notes and Preliminary Unaudited 4th Quarter 2024 Financial Results with Significant Gain from Change in Fair Value of Bitcoin Holdings — Eric Semler (@SemlerEric) January 23, 2025 The company’s plans to raise $75 million to purchase additional BTC comes after Semler Scientific acquired 237 BTC on Jan. 13, increasing its overall holdings to 2,321 BTC. Despite recent fluctuations, Bitcoin is trading at around $105,000. This makes the company’s Bitcoin holdings worth approximately $241 million. Semler Scientific’s ...