Semler Scientific aims to raise $500m for Bitcoin, taps Coinbase for crypto-backed loans

Semler Scientific increases its Bitcoin strategy with an offer of titles of $ 500 million and a new loan agreement with Coinbase.

The manufacturer of public medial devices Semler Scientific filed a registration declaration with the American Securities and Exchange Commission to offer up to $ 500 million in securities, with the intention of using some of the products to buy more bitcoin (BTC).

In S-3 declarationThe health technology company listed at NASDAQ has said that it could sell ordinary shares, privileged actions, debt securities, mandates and units over time. The product will be used “mainly for general business purposes, including the acquisition of Bitcoin”, according to the file.

In the file, the company has also doubled on its cryptography strategy, claiming that it considers Bitcoin Holdings “in the long term and expects to continue to accumulate Bitcoin”. Semler Scientific noted, however, that he had not set “any specific target for the amount of bitcoin that we are trying to hold, and we will continue to monitor market conditions to determine whether to engage in additional bitcoin purchases.”

Semler started buying Bitcoin in May 2024 and now has 3,192 BTCs worth around $ 315 million, according to data Bitcoin vouchers. Semler also disclosed a main loan agreement with Coinbase which would allow it to borrow using Bitcoin as a guarantee. In a separate depositSemler said he had concluded an agreement in principle with the Ministry of Justice to pay $ 29.75 million to settle complaints related to the False Complaints Act.