Semler Scientific to Raise $500M to Buy More Bitcoin – Doubling Down on BTC Strategy 💰₿
🏥 From MedTech to Macro Bet:
Nasdaq-listed Semler Scientific has filed a $500 million securities offering with the U.S. SEC — and a large chunk of it is aimed at buying more Bitcoin.
💸 Bitcoin Over Cash:
The company has already allocated $280 million toward BTC acquisitions, vastly exceeding its current cash reserves of just $15 million. This marks a bold pivot in corporate treasury strategy — going all-in on Bitcoin as a primary store of value.
📉 Short-Term Pain, Long-Term Vision:
Despite facing $14 million in unrealized losses due to Bitcoin’s recent volatility, Semler remains committed. It first embraced Bitcoin as a treasury asset in May 2024, and has continued to accumulate ever since.
> “This isn’t just hedging — it’s conviction,” reads the tone from corporate disclosures.
📊 TL;DR:
Semler is morphing from a health tech firm into a Bitcoin-heavy balance sheet play — signaling continued institutional appetite for BTC, even in choppy markets.