Semler Scientific, a US-based medical technology company, has announced its intention to increase its Bitcoin (BTC) holdings despite recording a 5.0% unrealized loss on its previous BTC investments.

To raise up to $500 million for various corporate purposes, including expanding its Bitcoin portfolio, the company has submitted a Form S-3 registration with the US Securities and Exchange Commission (SEC) for a securities offering.

The filing outlines the issuance of common stock, preferred stock, debt securities, and warrants as part of this offering. While the specific amount allocated for Bitcoin purchases is not disclosed in the SEC filing, recent activities indicate a strong emphasis on cryptocurrency by Semler Scientific.

Previously, Semler acquired 871 BTC at an average price of $101,616 each, totaling $88.5 million between January 11 and February 3. This increased its overall Bitcoin holdings to 3,192 BTC valued at $266.1 million, representing 80.6% of the company's total market capitalization of $330.1 million.

Despite facing a 5.0% loss on its Bitcoin investment as per the latest data, Semler's management remains committed to its Bitcoin strategy, considering the cryptocurrency as a valuable long-term asset.

In light of the recent financial and legal challenges following a settlement of $29.75 million with the US Department of Justice (DOJ), Semler continues to push forward with its fundraising and Bitcoin investment plans in a market where other companies like Strategy and Metaplanet are also increasing their Bitcoin positions.