$500 million move for Bitcoin: US company announces

U.S.-based health technology company Semler Scientific has applied to the U.S. Securities and Exchange Commission to sell $500 million worth of securities (SEC). The proceeds from the sale will be used for the purchase of Bitcoin and various institutional expenses.

According to the S-3 registration document filed by the company on Tuesday, a variety of securities can be sold, including debt securities, common shares and warrants. Income; The Bitcoin purchase will be considered for general corporate purposes such as capital investments, R&D, and management expenses.

Semler Scientific adopted the Bitcoin strategy in May 2024 and has since purchased 3,192 BTC. The company, which made its last purchase between January 11 and February 3 at an average level of $ 101,616, spent more than $ 280 million in total in this process. In the current market conditions, the company's BTC holdings have a loss of approximately $14 million.

In the statement made by the company, it was stated that Bitcoin assets are considered as part of a long-term investment strategy and that additional purchases may be on the agenda in the future by monitoring market conditions.

Published: April 16, 2025 2:56 pm