Semler Scientific Seeks $75M to Support Bitcoin Initiatives

Semler Scientific has revealed plans to raise $75 million through a private offering of convertible senior notes maturing in 2030.

The funds will be directed toward advancing its Bitcoin-focused initiatives and supporting other corporate goals. Investors will have the flexibility to convert the notes into cash, company stock, or a mix of both. The offering also allows for an additional $15 million in purchases by initial buyers.

To reduce the potential impact of stock dilution from the notes, Semler will use capped call transactions, which involve financial institutions conducting stock or derivative transactions. These measures aim to stabilize the company’s stock value during the conversion process.

Semler’s Bitcoin strategy has been a focal point, with the company achieving a 99.3% BTC yield and acquiring 2,321 Bitcoin at an average price of $82,689 per coin. Despite the success, the stock price dropped 12.5% after the announcement, reflecting investor caution about potential dilution.

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Preliminary Q4 2024 results showed revenues of $12.1–$12.5 million and operating income of $3.4–$3.7 million. The company also reported an unrealized Bitcoin gain of $28.9 million, underscoring the benefits of its digital asset treasury strategy. As Semler pursues its plans, it continues to balance its Bitcoin ambitions with investor expectations.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.