Semler Scientific Plans to Raise $75M to Buy More Bitcoin After Reporting $29M Paper Gain

Semler Scientific, a healthcare tech and software company, plans to raise $75 million through a private offering of convertible senior notes to buy more Bitcoin. The company reported a paper gain of $29 million from its current holdings and aims to use some of the proceeds for corporate activities, including purchasing more Bitcoin. Semler's Bitcoin holdings have reached an unrealized gain of $28.9 million, with a total holding of 2,321 BTC worth $241 million. The company's Bitcoin treasury ranks 13th in size among public companies, following a trend of other public-listed firms buying the cryptocurrency.