Semler Scientific to raise $75M to fund Bitcoin buys as paper gains near $30M
Semler Scientific is planning to raise $75 million through a private offering of convertible senior notes, which will help fund further Bitcoin purchases.
Healthcare tech and software firm Semler Scientific is planning to raise $75 million to buy more Bitcoin after it reported a $29 million paper gain from its current holdings.
Semler said in a Jan. 23 press release that it would raise the millions through a private offering of convertible senior notes set to mature in 2030, with some proceeds going toward corporate activities, including buying more Bitcoin (BTC).
The company also on Jan. 23 released fourth quarter 2024 earnings results showing that its Bitcoin holdings have hit an unrealized gain of $28.9 million.
Go to Source
Author: Stephen Katte
