16-4-2025 – Healthcare technology enterprise Semler Scientific has lodged documentation with the Securities and Exchange Commission (SEC) to raise $500 million through various financial instruments, with Bitcoin acquisition forming a key component of their strategy.
The firm’s chief executive, Eric Semler, has expressed enthusiasm for expanding their cryptocurrency holdings, which currently stand at 3,192 Bitcoin. This substantial position was built through several significant purchases, including an $88.5 million acquisition in February at a rate exceeding $101,000 per Bitcoin.
The company’s transformation from a cash-rich but underperforming healthcare outfit to a significant cryptocurrency investor marks a dramatic shift in corporate strategy. Since May 2024, Semler has positioned Bitcoin as both an inflation safeguard and a bulwark against global economic uncertainty.
Despite this ambitious cryptocurrency strategy, Semler’s share value has experienced a 37% decline this year. However, this setback hasn’t deterred the firm’s conviction in their long-term investment approach.
Amidst these developments, Semler faces legal challenges, having reached a provisional $29.75 million settlement with the Department of Justice regarding marketing practices for their QuantaFlo product. The company plans to leverage their Bitcoin holdings as collateral for a Coinbase loan to partially fund the settlement, complementing this with existing cash reserves.
The firm’s most recent Bitcoin acquisition occurred during the latter months of the previous year, with a $30 million investment demonstrating their unwavering commitment to cryptocurrency despite recent market fluctuations that saw Bitcoin trading below $99,000.
