Semler Scientific Bets Bigger on Bitcoin While Facing DOJ Settlement

In an April 15 filing with the US Securities and Exchange Commission (SEC), the company shared plans to offer different types of securities, such as stocks, bonds, and warrants, over time. The filing gives Semler Scientific the flexibility to issue these assets as needed.

The company said the money raised will be used for general purposes, with one of the main goals being to buy more Bitcoin.

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Other potential uses for the funds include covering operating costs, investing in research, and exploring tech projects that support its healthcare business.

According to the filing, Semler Scientific believes Bitcoin is a useful way to store value and protect against inflation. It pointed out that Bitcoin’s limited supply could help preserve wealth, especially during uncertain times.

The filing was published the same day Semler Scientific announced a proposed $29.75 million settlement with the US Department of Justice. The case involved claims that the company may have broken federal laws while promoting its QuantaFlo product.

To cover the settlement, Semler Scientific plans to borrow money from Coinbase $3.8B . The company will also use its current cash reserves and offer its Bitcoin as collateral for the loan.

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