Medical Technology Company Semler Scientific has filed the Securities and Exchange Commission (SEC) for a $500 million mixed shelf offering and announced it plans to use its revenue to buy more Bitcoin.
In a preliminary prospectus brought with the SEC, Semler said “there is the possibility of providing and selling securities on one or more offerings at a total value of up to $500,000,000.”
This offer may include various types of securities and Semler will provide certain terms with future prospectus supplements. The company also said the securities could be sold directly through investors or agents, underwriters or brokers.
SMLER stocks are trading in the Nasdaq capital market under SMLR tickers and have experienced considerable volatility over the past year. Between January 1, 2024 and April 14, 2025, the stock reached $74.73, falling to $21.03 with a recent closing price of $34.26.
The company attributes this price fluctuation to Q1 2024 revenue, adoption of Bitcoin-centric financial policies, and volatility in the market surrounding crypto assets. However, he noted that stock price fluctuations were not due to significant changes in financial position or management.
Semler Scientific first entered the Bitcoin space last year, joining the growing list of public companies allocating institutional funds to digital assets.
*This is not investment advice.
