Healthcare tech firm Semler Scientific plans to raise $75 million through a private offering of convertible senior notes maturing in 2030, with part of the proceeds set to fund additional Bitcoin purchases.
According to the company’s Jan. 23 press release, Semler’s Bitcoin holdings have yielded an unrealized gain of $28.9 million, with its total stash now at 2,321 BTC, valued at approximately $241 million at current prices of around $105,000 per BTC.
Semler initially entered the Bitcoin market in May 2024, following the lead of other publicly traded companies. The firm’s stock surged 30% after its first purchase of 581 BTC on May 28, 2024, signaling strong investor interest in its crypto strategy.
Source: Cointelegraph
