During the DOJ settlement, Semler Scientific files a$ 500 million offering and target Bitcoin purchases.

Semler Scientific, a heath technology company, is more than two months after it increased its Bitcoin holdings to 3,192 BTC.

According to a Tuesday SEC filing, Semler Scientific intends to raise up to$ 500 million through a new securities offering that could increase its Bitcoin holdings.

According to the filing, the registration contained a table membership statement that may allow it to issue different assets over time, including common stock, preferred stock, debt stocks, warrants, and units.

According to the company’s proposal, Semler will use the online proceeds “primarily for standard business purposes, including the merger of bitcoin.” The company has yet to respond to questions about the size of its upcoming Bitcoins purchase.

Running cash, research costs, and potential investments in technologies that enhance its primary healthcare business may be some more uses.

In response to allegations of national anti-fraud law violations related to the marketing of QuantaFlo products, a distinct Tuesday filing details how Semler Scientific and the U.S. Department of Justice reached a tentative$ 29 million settlement.

Semler Scientific stated in the submitting that it “intends to use” from Paypal to pay its obligations to the DOJ. Decrypt’s request for comment was not instantly returned by the law enforcement agency.

Along with the proceeds from the medical company’s payment agreement with Coinbase, the company would also use the” cash on hand” account. Additionally, it intends to secure that product using its Bitcoin assets as collateral.

Four weeks after Semler Scientific added$ 88 million to its Bitcoin bank on February 7, negotiations for the negotiation started. Semler Scientific claimed at the time that its Bitcoin government had produced a 152 % offer.

Semler Scientific’s Bitcoin government method, which was implemented in May 2024, has now altered the company’s financial status. &nbsp,

Prior to that time, Eric Semler, the company’s chairman, described it as a “zombie company” and said it was successful but had sluggish stock performance despite having significant cash reserves.

According to its S-3 processing, Semler Scientific regards Bitcoin as a “reliable store of value and a powerful expense.”

According to the statement, Bitcoin has “unique characteristics as a limited and bounded asset,” making it a “reasonable prices hedge and safe sanctuary in the face of world instability.”

According to information from Bitcoin Treasuries, Semler ranks 12th among the publicly traded companies. Its stock price, SMLR, is down 37 % year-to-date to$ 34.40, &nbsp,

edited by Sebastian Sinclair