Medical know-how firm Semler Scientific has filed for a $500 million blended shelf providing with the U.S. Securities and Trade Fee (SEC), asserting that it plans to make use of the proceeds to doubtlessly buy extra Bitcoin.
In a preliminary prospectus filed with the SEC, Semler acknowledged that it “could, once in a while, supply and promote securities in a number of choices with an mixture worth of as much as $500,000,000.”
The providing could contain varied varieties of securities, and Semler intends to supply particular phrases and circumstances in future prospectus dietary supplements. The corporate additionally famous that the securities could also be offered on to traders or via brokers, underwriters or brokers.
Semler shares, which commerce on the Nasdaq Capital Markets below the ticker SMLR, have skilled vital volatility over the previous 12 months. Between Jan. 1, 2024 and April 14, 2025, the shares rose to as excessive as $74.73 and fell to as little as $21.03, with the latest closing value being $34.26.
The corporate attributed this value fluctuation to decrease Q1 2024 earnings, the adoption of a Bitcoin-focused treasury coverage, and market volatility surrounding crypto property. Nonetheless, it famous that the inventory fluctuations weren’t on account of any materials adjustments in monetary situation or operations.
Semler Scientific first entered the bitcoin house final 12 months, becoming a member of a rising record of public firms allocating institutional funds to the digital asset.
*This isn’t funding recommendation.
