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Semler Scientific plans to raise up to $500 million, with some of the funds earmarked for more Bitcoin purchases — even after it reported a $42 million loss on its BTC holdings in the first quarter.
The Nasdaq-listed healthcare tech firm submitted an S-3 filing to the U.S. Securities and Exchange Commission (SEC) on April 15, outlining plans to raise the funds through various securities, including debt, stock, and warrants.
Semler said the proceeds will be used for general corporate purposes, including further Bitcoin buys.
Bitcoin Correction Forces A Q1 Paper Loss For Semler Scientific’s BTC Investment
Data from BitcoinTreasuries.net shows that Semler Scientific is currently the 12th largest corporate BTC investor globally, with its holdings standing at 3,192 Bitcoins. The firm’s stash has a dollar value of around $266.5 million.
In a Form 8-K filing with the SEC yesterday, the firm reported that it suffered an unrealized loss of $41.8 million since Dec. 31 with its Bitcoin holdings. This paper loss comes after Bitcoin’s price fell 12% from $93,500 at the beginning of January to $82,350 by the end of March.
Semler Scientific Reaches Agreement With Department Of Justice
Semler Scientific’s filings come after the company reached a tentative agreement with the US Department of Justice (DOJ). According to an April 15 disclosure, the firm is prepared to pay a $29.75 million fine to settle claims tied to potential violations of a federal anti-fraud law.
We have reached a settlement in principle, EXCITED TO BUY MORE BTC! 🚀
— Eric Semler (@SemlerEric) April 15, 2025
That was after the firm disclosed it received a civil investigative demand from the DOJ back in 2017.
Semler Scientific’s share price jumped slightly after the disclosure, trading at $34.40 as of 1:26 a.m. EST, Google Finance data shows. There has since been some after-hours selling pressure.
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