Healthcare technology firm Semler Scientific announced plans to raise $75 million through a private offering of convertible senior notes maturing in 2030. Part of these funds will be invested in increasing their Bitcoin holdings, solidifying the company’s dedication to its Bitcoin treasury strategy.

The announcement coincided with their preliminary Q4 2024 earnings report, which disclosed an unrealized gain of $28.9 million from its Bitcoin portfolio.

Semler’s Recent Bitcoin Acquisition

Earlier in January, Semler purchased 237 BTC, raising their total holdings to 2,321 BTC valued at approximately $241 million based on Bitcoin’s market price.

Semler initiated its Bitcoin investment strategy in May 2024, acquiring 581 BTC at that time, which had led to a 30% surge in the company’s stock price at the time.

CEO Doug Murphy-Chutorian affirmed the company’s commitment to Bitcoin, stating, “We are excited to continue executing our Bitcoin treasury strategy,” emphasizing the importance of Bitcoin in their financial planning.

Additional Insights

Bitcoin’s value has surged to new heights recently, hitting $109,000 before a significant political event. This trend has also influenced other public companies to adopt similar treasury strategies, with MicroStrategy leading the pack as the largest corporate Bitcoin holder.

Despite the enthusiasm surrounding Bitcoin, Semler’s stock faced fluctuations, dropping 1.55% on January 23 and further declining 12% post-announcement of the fundraising initiative, settling at $53.75 in after-hours trading.

These developments mark Semler Scientific as one of the companies strategizing on Bitcoin as part of their long-term asset planning.