Despite Unrealized Losses, Semler Scientific Plans $500 Million Securities Offering To Boost Bitcoin Holdings
Healthcare technology company Semler Scientific Inc. (NASDAQ:SMLR) announced its latest securities offering Tuesday to add to its fast-expanding Bitcoin (CRYPTO: BTC) stockpile.
What happened: In a Form S-3 registration statement with the SEC, the firm proposed to offer $500 million in securities, including debt securities, common stock, units, and warrants.
“We intend to use the net proceeds from the sale of any securities offered under this prospectus primarily for general corporate purposes, including the acquisition of Bitcoin,” Semler said.
Semler adopted Bitcoin as its primary treasury reserve asset in May 2024, funding its purchases through corporate maneuvers such as equity and debt financings, as well as cash flows from its operations.
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