MicroStrategy Devotee Semler Scientific Doubles Down On Bitcoin Buys

Semler Scientific Inc SMLR, a medical technology company, has announced a significant move into the cryptocurrency space with its latest convertible notes offering and plans to acquire Bitcoin BTC/USD.

What Happened: On Jan. 24, Semler Scientific priced an upsized offering of $85 million in 4.25% convertible senior notes due 2030, according to the company’s press release.

The offering, initially set at $75 million, was increased due to strong investor interest.

The notes will be convertible into Semler’s common stock at an initial conversion price of approximately $76.44 per share, representing a 25% premium over the stock’s last reported sale price.

Notably, Semler Scientific intends to use a portion of the net proceeds “for general corporate purposes, including the acquisition of bitcoin,” marking a significant shift in the company’s treasury management strategy.

This move aligns Semler with other publicly traded companies that have adopted Bitcoin as a treasury asset, such as MicroStrategy MSTR.

Also Read: Here’s What Donald Trump’s ‘Crypto Czar’ Will Now Work On

Why It Matters: The company’s decision to invest in Bitcoin comes amid a broader trend of corporate Bitcoin adoption.

Bitcoin miners, such as Marathon Digital Holdings MARA are increasingly adopting “BTC Yield” strategies, inspired by MicroStrategy’s aggressive Bitcoin accumulation approach.

In Asia, Metaplanet Inc. has also been making waves with its Bitcoin investment strategy. The Tokyo-listed company recently purchased an additional $10.4 million worth of Bitcoin, bringing its total holdings to over 1,018 BTC, valued at approximately $67.1 million.

Metaplanet’s approach mirrors that of MicroStrategy, positioning itself as “Asia’s answer to MicroStrategy.”

MicroStrategy itself has thus far amassed 461,000 Bitcoin.

Semler Scientific last made headlines in December 2024 by expanding its Bitcoin holdings to over $180 million.

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