Semler Scientific Files for $500 Million Raise to Fuel Bitcoin Investment Strategy
The post Semler Scientific Files for $500 Million Raise to Fuel Bitcoin Investment Strategy appeared first on Coinpedia Fintech News
Semler Scientific, a healthcare tech company, is going full steam ahead with its Bitcoin strategy. The company has filed a new S-3 registration with the SEC, signaling plans to raise to $500 million. This capital raise would come through a variety of securities like common stock, debt, and warrants. While the funds will be used for general corporate purposes, the company clearly stated that a portion will go toward buying more Bitcoin.
JUST IN: Semler Scientific files with the SEC to raise $500 Million to buy more Bitcoin
The company currently holds 3,192 $BTC acquired for total cost of ~$280.4 Million pic.twitter.com/In2z3VDOOR
Semler is not new to crypto; they already own 3,192 BTC and has been steadily increasing its stash. Back in February, the company added 871 BTC for $88.5 million, paying an average of over $101,000 per coin. That followed a separate $30 million purchase late last year. Despite Bitcoin’s recent dip below $99,000, Semler appears committed to its long-term crypto strategy.
Semler Scientific CEO Eric Semler claims he’s “excited to buy more BTC.”
We have reached a settlement in principle, EXCITED TO BUY MORE BTC! 