Semler Scientific has filed to raise $500 million through securities to expand its bitcoin holdings and support general operations. The Nasdaq-listed healthcare tech firm plans to sell a mix of common stock debt securities and warrants. The move signals strong commitment to its bitcoin treasury strategy which began in May 2024.

The company has already acquired 3192 BTC worth about $266 million at current market value. Despite a slight unrealized loss Semler remains bullish saying it plans to keep accumulating bitcoin with no specific cap. Founder Eric Semler posted that the company is excited to continue buying more BTC.

In a separate update Semler disclosed a potential $29.75 million settlement with the US Department of Justice over past marketing practices. The firm also signed a master loan agreement with Coinbase enabling it to use bitcoin as collateral for borrowing. If the DOJ deal is finalized Semler intends to use loan funds and cash on hand to cover the payment.