Semler Scientific Raises $500 Million for Bitcoin, Utilizes Coinbase for Loans

Semler Scientific is bolstering its Bitcoin investment strategy with a $500 million securities offering and a new loan agreement with Coinbase. The Nasdaq-listed healthcare technology company has filed an S-3 registration statement with the U.S. Securities and Exchange Commission to offer a range of securities, including common stock, preferred stock, debt securities, warrants, and units, to raise capital. The company intends to use a significant portion of these proceeds to purchase more Bitcoin (BTC). Semler Scientific’s S-3 filing details its long-term strategy for Bitcoin holdings, with the company stating that it plans to accumulate Bitcoin as an investment. While specific target amounts remain unspecified, the company will continue to monitor market conditions and assess additional Bitcoin purchases based on these evaluations.