Semler Scientific Expands Convertible Bond Issuance to $85 Million... "To Invest in Bitcoin"
Minseung Kang
Summary
- Semler Scientific announced it will expand its convertible bond issuance to $85 million.
- A significant portion of these funds is expected to be used for purchasing Bitcoin.
- It was reported that they have been aggressively investing, purchasing 237 BTC over the past month.
Semler Scientific, a medical technology company that recently adopted Bitcoin (BTC) as a strategic asset, plans to expand its convertible bond issuance to $85 million.
On the 24th, cryptocurrency-focused media Bitcoin Magazine reported via X (formerly Twitter) that "Nasdaq-listed Semler Scientific has expanded its convertible bond issuance to $85 million." Earlier that day, Semler announced plans to issue $75 million in convertible bonds to purchase Bitcoin, among other things.
Meanwhile, Semler Scientific has been aggressively purchasing Bitcoin over the past month. From the 16th of last month to the 10th of this month, Semler Scientific purchased 237 BTC.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![Dow Tops 50,000 for First Time Ever as “Oversold” Narrative Spreads [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/1c6508fc-9e08-43e2-81be-ca81048b8d11.webp?w=250)
!["No U.S. government backstop" shock…Bitcoin retreats to the $60,000 level; Ethereum also rattled [Lee Su-hyun’s Coin Radar]](https://media.bloomingbit.io/PROD/news/a68e1192-3206-4568-a111-6bed63eb83ab.webp?w=250)