Semler Scientific to Raise $500 Million for Bitcoin Expansion

Semler Scientific, a Nasdaq-listed healthcare technology firm, is planning to raise up to $500 million through various securities like debt, stock, and warrants. The company intends to use these funds in part to increase its Bitcoin holdings. This move follows a $42 million unrealized paper loss on its BTC investments during the first quarter, although it’s looking to leverage this for further purchases.