BREAKING: Technology Company Semler Scientific Takes Steps to Purchase 500 Million Dollar Bitcoin (BTC) - Major Development!

Medical technology company Semler Scientific has applied to the U.S. Securities and Exchange Commission for a $500 million hybrid shelf offering and announced that it plans to potentially use the proceeds to buy out more Bitcoin.

In a preliminary prospectus submitted to the SEC, Semler stated that it "may offer and sell securities from time to time in one or more offerings with a total value of up to $500,000,000."

The offer may include various types of securities, and Semler aims to provide specific terms and conditions in future prospectus supplements. The company also stated that securities may be sold directly to investors or through agents, insurers, or brokers.

Semler's shares, traded under the SMLR code on the Nasdaq Capital Market, experienced significant volatility last year. The shares rose to as high as $74.73 between January 1, 2024, and April 14, 2025, and fell to as low as $21.03, with the latest closing price being $34.26.

The company attributed this price volatility to the low earnings in the first quarter of 2024, the adoption of a Bitcoin-focused treasury policy, and the market fluctuations surrounding crypto assets. However, it noted that stock fluctuations were not due to any significant changes in financial conditions or operations.

Semler Scientific first entered the Bitcoin space last year, joining a growing list of public companies allocating institutional funds to the digital asset.