Semler Scientific Eyes $500M Raise with Possible Bitcoin Expansion
Semler Scientific is preparing to raise up to $500 million through a flexible securities offering, signaling that part of the funds could be used to increase its exposure to Bitcoin.
The medical tech firm disclosed the plan in a recent filing with the U.S. Securities and Exchange Commission.
According to the document, the company is seeking approval to issue a mix of securities in future offerings, potentially including stocks, bonds, or other financial instruments.
Specifics on each issuance will be detailed in supplemental filings as they’re rolled out. Semler added that the securities could be sold via direct offerings, or through intermediaries like brokers or underwriters.
The company’s stock, which trades under the ticker SMLR on the Nasdaq Capital Market, has been on a rollercoaster over the past year. Since the beginning of 2024, its price has swung between $21.03 and $74.73, settling most recently at $34.26.
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The volatility, Semler said, is partly linked to broader crypto market fluctuations and its newly adopted strategy of holding Bitcoin as part of its treasury reserves.
Despite these sharp price moves, the firm clarified that its core business and financial health remain unchanged. Semler initially entered the Bitcoin space last year, joining a number of public companies shifting a portion of their capital into digital assets.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
