Semler Scientific, a healthcare tech company, is getting ready to raise up to $500 million as it plans to grow its Bitcoin
$84,677.11
reserves.
In an April 15 filing with the US Securities and Exchange Commission (SEC), the company shared plans to offer different types of securities, such as stocks, bonds, and warrants, over time. The filing gives Semler Scientific the flexibility to issue these assets as needed.
The company said the money raised will be used for general purposes, with one of the main goals being to buy more Bitcoin.
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Other potential uses for the funds include covering operating costs, investing in research, and exploring tech projects that support its healthcare business.
According to the filing, Semler Scientific believes Bitcoin is a useful way to store value and protect against inflation. It pointed out that Bitcoin’s limited supply could help preserve wealth, especially during uncertain times.
The filing was published the same day Semler Scientific announced a proposed $29.75 million settlement with the US Department of Justice. The case involved claims that the company may have broken federal laws while promoting its QuantaFlo product.
To cover the settlement, Semler Scientific plans to borrow money from Coinbase
$1.74B
. The company will also use its current cash reserves and offer its Bitcoin as collateral for the loan.
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Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
