Semler Scientific Inc. has launched a private offering to sell $75 million in convertible senior notes due in 2030. Qualified institutional buyers will have the opportunity to acquire these notes along with an additional $15 million option during the initial 13-day purchase window. The funds raised will support general corporate purposes and notably the acquisition of Bitcoin.

These notes are unsecured senior obligations accruing interest payable semiannually. Semler may pay or deliver cash shares of common stock or a combination thereof upon conversion at its discretion. Terms such as the interest rate and initial conversion rate will be set at the time of pricing.

Semler plans to enter capped call transactions to minimize dilution from note conversions. The offering and capped call transactions depend on market conditions and there’s no guarantee of completion terms or timing. These financial maneuvers underscore Semler’s strategic approach to incorporating cryptocurrency into its investment portfolio.

The U.S. Securities and Exchange Commission has reversed a pivotal regulation that previously mandated banks to classify cryptocurrencies held on behalf of clients as liabilities. This shift comes under the guidance of the new SEC leadership appointed by President Trump who aims to foster a more crypto-friendly regulatory environment. The former rule, Staff Accounting Bulletin 121, was rescinded just after the formation of a new task force focused on informing future crypto regulations.

Under the prior framework implemented during President Biden’s term financial entities faced significant restrictions. These conditions stifled the ability of banks to engage freely with digital assets. By overturning this guideline, which Congress had already attempted to eliminate before being thwarted by a presidential veto, the SEC under Acting Chair Mark Uyeda marks a significant policy shift.

The decision aligns with Trump’s pro-crypto stance and follows his executive order to establish a national digital assets reserve. With regulations easing the banking sector spearheaded by leaders like Bank of America CEO Brian Moynihan expresses readiness to aggressively support crypto transactions underscoring a potentially transformative period for the industry.

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Today, U.S. President Donald Trump signed an executive order (EO) related to Bitcoin and cryptocurrency, titled “Strengthening American Leadership In Digital Financial Technology”. This EO officially banned the creation and issuance of a central bank digital currency (CBDC) in the United States, defining a CBDC as “a form of digital money or monetary value, denominated in the national unit of account, that is a direct liability of the central bank.”

“Except to the extent required by law, agencies are hereby prohibited from undertaking any action to establish, issue, or promote CBDCs within the jurisdiction of the United States or abroad,” the order announced. “Except to the…

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