Semler Scientific To Elevate $500 Million, Purchase Extra Bitcoin
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Semler Scientific To Elevate $500 Million, Purchase Extra Bitcoin


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Semler Scientific plans to boost as much as $500 million, with among the funds earmarked for extra Bitcoin purchases — even after it reported a $42 million loss on its BTC holdings within the first quarter.

The Nasdaq-listed healthcare tech agency submitted an S-3 submitting to the U.S. Securities and Trade Fee (SEC) on April 15, outlining plans to boost the funds via varied securities, together with debt, inventory, and warrants.

Semler stated the proceeds shall be used for basic company functions, together with additional Bitcoin buys.

Semler Scientific

Bitcoin Correction Forces A Q1 Paper Loss For Semler Scientific’s BTC Funding

Information from BitcoinTreasuries.web reveals that Semler Scientific is presently the twelfth largest company BTC investor globally, with its holdings standing at 3,192 Bitcoins. The agency’s stash has a greenback worth of round $266.5 million.

In a Kind 8-Okay submitting with the SEC yesterday, the agency reported that it suffered an unrealized lack of $41.8 million since Dec. 31 with its Bitcoin holdings. This paper loss comes after Bitcoin’s worth fell 12% from $93,500 in the beginning of January to $82,350 by the top of March. 

Semler Scientific Reaches Settlement With Division Of Justice 

Semler Scientific’s filings come after the corporate reached a tentative settlement with the US Division of Justice (DOJ). Based on an April 15 disclosure, the agency is ready to pay a $29.75 million tremendous to settle claims tied to potential violations of a federal anti-fraud legislation. 

That was after the agency disclosed it acquired a civil investigative demand from the DOJ again in 2017. 

Semler Scientific’s share worth jumped barely after the disclosure, buying and selling at $34.40 as of 1:26 a.m. EST, Google Finance information reveals. There has since been some after-hours promoting stress.

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