Semler Scientific to Raise $500M for Bitcoin Strategy, with Loan Agreement with Coinbase

Semler Scientific, a publicly traded medical device manufacturer listed on the Nasdaq, recently filed a registration statement with the United States Securities and Exchange Commission (SEC) indicating its intent to offer up to $500 million in securities in exchange for Bitcoin.

This strategic financial maneuver outlines the company’s plans to use a portion of the generated capital to acquire additional Bitcoin, signaling a continued commitment to its cryptocurrency investment strategy.

Semler Scientific to Raise Funds for Bitcoin

The S-3 statement, submitted to the SEC, details the potential issuance of various financial instruments, including common stock, preferred stock, debt securities, warrants, and units, over a specified period.

Moreover, the document explicitly states that the proceeds from these offerings will be allocated “primarily for general corporate purposes, including the acquisition of Bitcoin.” This declaration solidifies Semler Scientific’s intention to integrate Bitcoin further into its investment portfolio.

Semler Scientific, committed to cryptocurrency, stated in its SEC filing that it plans to keep Bitcoin for the long run. The company expects to “keep buying Bitcoin,” showing its faith in the digital asset’s lasting value.

However, it also noted that it doesn’t have “a set amount of Bitcoin we want to own.” This lets Semler Scientific change its Bitcoin buying plan based on the market and its finances.

The company also has a loan agreement with Coinbase, a major cryptocurrency exchange. This allows the company to use its Bitcoin as security for loans, giving it more financial options and helping it manage its money.

Bitcoin Holdings Increases

In February 2025, CoinTab reported that Semler Scientific bought more Bitcoin (BTC) to increase its holdings. They purchased about 871 BTC, bringing their total to 3,192, following their first purchase in May 2024.

Notably, this announcement comes after a significant market drop. BTC fell below $92,000, causing over $2 billion in losses for traders who bet on the price going up.

The company said it spent about $88.1 million on buying more BTC. This buying happened over three weeks, from January 11, 2025, to February 3, 2025. Because they purchased over time, they got the crypto at different prices, with an average price of $101,616 per BTC.

Separately, the firm announced an agreement with the Department of Justice (DOJ) to settle claims related to the False Claims Act. The settlement involves a payment of $29.75 million. While this differs from the company’s Bitcoin plan, it’s an essential event for Semler Scientific’s business and regulations. The company will likely want to resolve this legal issue.

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