TL;DR
- Semler Scientific filed with the SEC to raise up to $500 million through a securities offering, aiming to expand its Bitcoin holdings.
- Despite a 5% unrealized loss on its BTC investments, the company remains committed to its pro-Bitcoin strategy.
- Semler is also dealing with a $29.75 million DOJ settlement for alleged fraud but continues moving forward with its crypto ambitions.
Semler Scientific, a U.S.-based medical technology company, has caught the market’s attention by doubling down on its Bitcoin investment strategy, announcing plans to raise up to $500 million via a registered securities offering with the Securities and Exchange Commission (SEC). This bold move highlights the company’s belief in Bitcoin as a strategic reserve asset, echoing recent actions from other Bitcoin-focused firms such as MicroStrategy and Metaplanet.
According to the SEC filing, Semler may issue common stock, preferred shares, debt instruments, or other securities to secure funding. While the exact portion allocated to Bitcoin purchases remains unspecified, the company’s recent history suggests a clear crypto-focused intent. In fact, between January and February 2025, Semler acquired 871 BTC at a cost of $88.5 million, raising its total Bitcoin holdings to 3,192 BTC. These holdings now account for over 80% of Semler’s current market capitalization.
Bitcoin As a Long-Term Corporate Strategy
Semler has reported impressive Bitcoin yields during specific periods: a 21.9% return between January and February 2025, and a staggering 152.2% return from July 2024, when it first implemented its Bitcoin treasury strategy, through early February 2025. These figures support Semler’s narrative that Bitcoin is not merely a speculative asset, but a long-term store of value that can reinforce corporate balance sheets.
Still, the volatile nature of Bitcoin hasn’t spared the company. With an average purchase price of $87,850 per BTC and Bitcoin currently trading around $83,397, Semler faces an unrealized loss of 5%. Nonetheless, the leadership remains resolute, embracing market fluctuations as part of a broader long-term vision.
Legal Setbacks Don’t Derail Crypto Conviction
Semler’s crypto push comes even as it faces a potential $29.75 million payment to the U.S. Department of Justice to resolve allegations related to improper marketing of its QuantaFlo device. While the settlement awaits final approval, it undoubtedly adds financial pressure to Semler’s operations.
Despite these legal and financial headwinds, Semler appears determined to follow in the footsteps of crypto-forward companies integrating Bitcoin into their corporate strategies. Betting on BTC may not only showcase innovation but also underline resilience in the face of traditional financial challenges.
