Semler Scientific, a publicly traded company in the U.S., has expanded the issuance scale of its convertible preferred notes to 85 million USD to increase its Bitcoin holdings.

According to BlockBeats, on January 24, the US-listed company Semler Scientific announced that it has increased the issuance scale of its convertible preferred notes to $85 million to acquire more Bitcoin.

BlockBeats previously reported that Semler Scientific plans to issue convertible preferred notes with a total principal amount of $75 million and a maturity date of 2030 through a private placement to qualified institutional buyers. In addition, Semler Scientific also plans to grant the initial purchasers of the notes an option to purchase additional notes with a principal amount of up to $15 million within 13 days from the date of issuance. Semler Scientific intends to use a portion of the net proceeds from the issuance to pay for the costs of the capped subscription transaction, with the remaining net proceeds allocated for general corporate purposes, including the purchase of Bitcoin.