{"id":38670,"date":"2025-01-24T11:24:19","date_gmt":"2025-01-24T11:24:19","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=38670"},"modified":"2025-01-24T11:24:19","modified_gmt":"2025-01-24T11:24:19","slug":"semler-scientific-plans-75m-raise-to-expand-bitcoin-holdings-after-29m-paper-gain","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=38670","title":{"rendered":"Semler Scientific Plans $75M Raise to Expand Bitcoin Holdings After $29M Paper Gain"},"content":{"rendered":"

Healthcare technology firm Semler Scientific has announced plans to raise $75 million through a private offering of convertible senior notes maturing in 2030. <\/span><\/p>\n

According to a January 23 press release<\/a>, part of the proceeds will be allocated to purchasing additional Bitcoin <\/span><\/p>\n

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, reinforcing the company\u2019s commitment to its Bitcoin treasury strategy.<\/p>\n

The announcement coincided with Semler\u2019s preliminary Q4 2024 earnings report release, revealing an unrealized gain of $28.9 million from its Bitcoin holdings. <\/span><\/p>\n

EXPLORE:\u00a0<\/span>Top 10 AI Agent Crypto Coins to Buy in 2025<\/span><\/a><\/strong><\/p>\n

Semler Purchase an Additional 237 BTC Earlier This Month<\/span><\/h2>\n

Earlier this month, the firm purchased an additional 237 BTC, bringing its total holdings to 2,321 BTC, valued at approximately $241 million based on Bitcoin\u2019s trading price of $105,000.<\/span><\/p>\n

Semler began its Bitcoin investment strategy in May 2024, acquiring 581 BTC initially. The news led to a 30% surge in the company\u2019s stock price <\/span>at the time<\/span>. <\/span><\/p>\n

CEO Doug Murphy-Chutorian<\/a> reaffirmed the company\u2019s commitment to Bitcoin, stating, \u201cWe are excited to continue executing <\/span>our Bitcoin treasury strategy.\u201d Murphy-Chutorian had previously emphasized the firm\u2019s focus on Bitcoin as a key component of its financial planning.<\/span><\/p>\n

$SMLR<\/a> Announces Proposed Private Offering of $75 million of Convertible Senior Notes and Preliminary Unaudited 4th Quarter 2024 Financial Results with Significant Gain from Change in Fair Value of Bitcoin Holdings<\/p>\n

\u2014 Eric Semler (@SemlerEric) January 23, 2025<\/a><\/p>\n\n

Bitcoin\u2019s value has reached new all-time highs in recent months, peaking at $109,000 ahead of President Donald Trump\u2019s inauguration on January 20. <\/span><\/p>\n

The growing interest in Bitcoin has seen several public companies, including Hoth Therapeutics and Genius Group, adopt similar treasury strategies. <\/span><\/p>\n

MicroStrategy remains the largest corporate Bitcoin holder, with 461,000 BTC worth $48 billion, dwarfing Semler\u2019s holdings, which rank 13th among public companies.<\/span><\/p>\n

Despite the bullish outlook on Bitcoin, Semler\u2019s stock performance has shown mixed results. Shares fell 1.55% on January 23 and dropped <\/span>a further<\/span> 12% in after-hours trading to $53.75 following the fundraising announcement. <\/span><\/p>\n

While Semler\u2019s stock has climbed 38% over the past 12 months, it remains well below its all-time high of $149.99 in October 2021.<\/span><\/p>\n

With its latest move, Semler joins the growing list of companies betting on Bitcoin as part of their corporate treasury strategy, signaling confidence in the long-term potential of the cryptocurrency.<\/span><\/p>\n

EXPLORE:\u00a0<\/span>15 New & Upcoming Coinbase Listings to Watch in 2025<\/span><\/a><\/strong><\/p>\n

VanEck: US Could Slash National Debt By 35% With 1 Million Bitcoin Reserve<\/span><\/h2>\n

The\u00a0US could potentially\u00a0<\/span>reduce its national debt by 35%<\/span><\/a>\u00a0within 24 years by establishing a reserve of 1 million Bitcoin, according to a report by asset management firm VanEck.\u00a0The projection aligns with a proposal introduced by Senator Cynthia Lummis.<\/span><\/p>\n

VanEck\u2019s analysis assumes Bitcoin will grow at a compounded annual growth rate (CAGR) of 25%, reaching $42.3 million per BTC by 2049.\u00a0During the same period,\u00a0the\u00a0U.S.\u00a0national debt\u00a0is expected\u00a0to increase at a 5% CAGR, ballooning from $37 trillion in 2025 to $119.3 trillion.<\/span><\/p>\n

According to the report authored by VanEck\u2019s head of digital asset research, Matthew Sigel, and investment analyst Nathan Frankovitz, a Bitcoin reserve could offset approximately $42 trillion in national liabilities by 2049.<\/span><\/p>\n

EXPLORE:\u00a0<\/span>10 Coins with High Returns: Crypto Forecast 2025<\/span><\/a><\/strong><\/p>\n

Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/strong><\/p>\n

The post Semler Scientific Plans $75M Raise to Expand Bitcoin Holdings After $29M Paper Gain<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Healthcare technology firm Semler Scientific has announced plans to raise $75 million through a private offering of convertible senior notes maturing in 2030. According to a January 23 press release, part of the proceeds will be allocated to purchasing additional Bitcoin Price Volume in 24h <!– ? –> Price 7d , reinforcing the company\u2019s commitment […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-38670","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/38670"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38670"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/38670\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}