$BTC Semler Scientific (Nasdaq: SMLR), a medical technology company, announced plans to raise up to $500 million through a registration for sale to acquire more bitcoins (BTC), according to an S-3 statement to the U.S. Securities and Exchange Commission (SEC). The funds will support the company's ongoing strategy of accumulating bitcoin, adopted in May 2024.

On Tuesday, Eric Semler, the company's chairman, stated: "We have reached a settlement in principle, EXCITED TO BUY MORE BTC!" The company views bitcoin as a long-term store of value (SoV), comparing it to gold but with a higher growth potential due to its limited supply and increasing institutional adoption.