Semler Scientific plans to raise $75 million through a private offering of convertible senior notes to fund more Bitcoin purchases, following a reported $29 million paper gain from its holdings. In a press release dated January 23, the healthcare tech firm stated that some proceeds would also be allocated toward corporate activities. Semler's Bitcoin holdings have reached an unrealized gain of $28.9 million. The company originally purchased 2,321 BTC, with the current value of their holdings estimated at $241 million. Despite a decline in share price, Semler aims to continue executing its Bitcoin treasury strategy. The firm reported fourth quarter estimates indicating revenues between $12.1 million and $12.5 million and operating income ranging from $3.4 million to $3.7 million. The Bitcoin market has seen significant fluctuations with recent peaks and the firm ranks 13th in size among public companies holding Bitcoin.

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