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COINTURK NEWS > Bitcoin (BTC) > Semler Scientific Boosts Convertible Bond Offering to Expand Bitcoin Investments
Bitcoin (BTC)

Semler Scientific Boosts Convertible Bond Offering to Expand Bitcoin Investments

In Brief

  • Semler Scientific raises convertible bond offering to strengthen Bitcoin investments.

  • Details reveal a 4.25% interest rate bond maturing in 2030.

  • The company aims to navigate the Bitcoin investment landscape effectively.

İlayda Peker
İlayda Peker 5 months ago
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Semler Scientific announced an increase in its planned convertible senior bond issuance from $75 million to $85 million. The company is offering an additional $15 million in bond purchase options to initial buyers. This move aligns with the company’s investment strategy focused on Bitcoin $104,894.

Contents
Details of the Bond IssuanceBitcoin Investment Strategy

Details of the Bond Issuance

The company has issued $85 million worth of convertible senior bonds with a 4.25% interest rate. The issuance will mature in 2030, with payments made biannually at an annual compounded interest rate of 4.25%.

The bonds cannot be redeemed by the company until August 4, 2028. After this date, if Semler Scientific’s common stock trades at a conversion price of at least 130%, the bonds can be redeemed. Additionally, in the event of a “fundamental change,” such as a merger or acquisition, bondholders will have the right to redeem the bonds at their nominal value plus interest.

Bitcoin Investment Strategy

Semler Scientific plans to use approximately $81.4 million from the bond issuance for purposes such as purchasing Bitcoin. To mitigate the dilutive effect of bond conversions, the company engaged in capped option transactions with financial institutions. These transactions aim to control dilution by setting a cap price of $107.01 per share.

This move follows the previous $75 million bond issuance to expand the company’s Bitcoin strategy. Focusing on digital assets reflects a growing trend of Bitcoin adoption within the company’s balance sheet. This includes considerations of the U.S. government potentially creating Bitcoin reserves and BlackRock CEO Larry Fink’s Bitcoin price predictions, underlining Bitcoin’s relevance.

The increasing interest of financial institutions and governments in Bitcoin is shaping Semler Scientific’s investment decisions. The company is developing strategies to manage the potential impact of bond conversions on stock prices while growing its reserve. One of the primary objectives is to increase stock prices as reserves grow, a strategy many companies are beginning to adopt.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 25 January, 2025 - 5:05 pm 25 January, 2025 - 5:05 pm
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