Semler Scientific Invests $500 Million in Bitcoin After DOJ Settlement

Semler Scientific has resolved a $29.75 million settlement with the U.S. Department of Justice, paving the way for a significant $500 million Bitcoin investment. The firm’s founder and chairman, Eric Semler, will use this opportunity to leverage an agreement with Coinbase, employing existing Bitcoin holdings as collateral for a loan. This strategic move reflects a shift in company treasury management.