Semler Scientific, a healthcare technology and software company, plans to raise $75 million to purchase additional Bitcoin.

Semler stated in a press release on January 23 that the company will raise millions of dollars through a private offering of convertible senior notes due in 2030, with a portion of the proceeds to be used for corporate activities, including the purchase of additional Bitcoin.

On January 23, the company also announced its preliminary unaudited Q4 2024 financial results, which showed an unrealized gain of $28.9 million on the company's Bitcoin holdings.

The company purchased 237 BTC on January 13, bringing the total to 2,321 BTC. At the current price of around $105,000, the total value of the holdings is $241 million.

Semler first purchased Bitcoin in May, following the trend of other publicly-listed companies that have acquired cryptocurrencies in the hope of generating significant returns. Semler's stock rose 30% after the company bought 581 BTC on May 28.

"We are thrilled to continue executing on our Bitcoin treasury strategy," said Doug Murphy-Chutorian, CEO of Semler, in a statement.

Last November, he said Semler Scientific remains laser-focused on buying and holding Bitcoin.

Since then, Bitcoin has seen several new ATHs, reaching a peak of $109,000 before the inauguration of U.S. President Donald Trump on January 20.

According to Google Finance, Semler's stock (SMLR) closed down 1.55% on January 23 and continued to decline more than 12% in after-hours trading to $53.75.

SMLR has gained over 38% in the past 12 months but remains below its ATH of $149.99 in October 2021.

Semler is now the 13th-largest public company in terms of Bitcoin holdings.

FOLLOW US ON FACEBOOK | TELEGRAM | TWITTER