Semler Scientific According to the company’s documents, he wants to raise $ 500 million in fresh securities after resolving a gigantic case with the Department of Justice. A company dealing in healthcare technology will utilize some of the money to expand its cryptocurrencies, which are already exceeding 3,000 coins.
The company introduces a settlement of $ 30 million with the Department of Justice
In accordance with the latest securities and stock market committee (S) ApplicationsSemler Scientific has reached a settlement of $ 29.75 million with the Department of Justice in the field of marketing practices for the Quantaflo product. The probe, which began in 2017, focused on potential federal violations of the provisions regarding Antysrauds in the way the company sold its flagship product.
In recent months after years of cooperation with several calls have been progressing in recent months. The contract is not yet complete, according to the company’s SEC, but Semler has already obtained a way to finance the payment.
Semler Scientific's filing with the SEC. Source: US SEC.
Coinbase loan for financing settlement without Bitcoins sales
Instead of eliminating cryptocurrency resources, Semler intends to utilize a Coinbase loan to resolve the DOE. The loan will be secured by gigantic Bitcoin reserves of the company, which amount to $ 3190 with a value of approximately USD 267 million at current market prices.
This financing strategy enables Semler to satisfy its legal requirements without eliminating cryptocurrencies. Because Bitcoin as a security company can maintain the balance strength, meeting settlement needs.
Securities value of securities by half a billion dollars for larger cryptographic plans
In addition to settlement expenses, Semler has submitted S-3 to SEC for sale $ 500 million the value of securities. The application indicates that the company not only collects cash to pay for the settlement of the Dojal, but wants to significantly enhance its bitcoins.
Image: Threads
. action It is produced at a time when other companies are still gathering bitcoins at their ticket office. According to reports from the application, Michael Saylor has recently bought 3450 bitcoins worth $ 286 million, increasing its shares to 531 640 bitcoins. Another company, Metaplanet, purchased Bitcoin worth $ 26 million at the same time.
Image: Brookings Institution
Market analysts remain stubborn despite price fluctuations
The time of intended purchases of Bitcoin Semler concerns market variability, but forecasts with extreme prices. The analyst who approaches the “Titan of Crypto” handle, forecasted that Bitcoin reached USD 137,000, although no time frame was given for this price level.
The company dealing with healthcare technology did not indicate exactly when it ends the offer of securities or made further purchases of bitcoins. Nevertheless, the SEC application clearly indicates that adding to the shares of cryptocurrencies is still a priority in addition to paying for the settlement of the state.
A distinguished picture from Pexels, chart from TradingView
Editorial process For a bitcoinist, she focuses on providing thoroughly examined, precise and impartial content. We maintain strict acquisition standards, and each page undergoes a careful review of our team of the best technological experts and experienced editors. This process ensures the integrity, importance and value of our content for our readers.
