Healthcare Technology Firm Semler Scientific has reached a tentative settlement agreement with the US Department of Justice (DOJ), which was filed on Tuesday that it was prepared to pay a fine of $ 29.75 million to settle all demands bound to potential violations of a federal anti-fraud law that was related to its market Flagship product.

Last month, Semler Scientific revealed that it had received a civil demand for investigation or CID – essentially a subpoena from a federal agency that typically precedes a trial – from DOJ back in 2017. In an archiving with the US securities and Exchange Commission (SEC), Semler Scientific said that it had complied with several subsequent subpoenas over the following with doj in February.

The study of Semler Scientific’s marketing of Quantaflo is not related to its Bitcoin stocks.

In his Tuesday 8-king archiving at SEC, Semler Scientific-a large business owner of Bitcoin, said it had ink an agreement with Crypto Exchange Coinbase, which allows it to borrow both cash and digital assets using its Bitcoin stocks as security. If the company’s settlement agreement with DOJ is approved, it said in the filing, Semler Scientific “intends to borrow under the Coinbase Master Loan agreement and use such a proceeds (along with its cash available) to pay the proposed settlement with DOJ.”

Semler Scientific’s settlement agreement with DOJ is in principle, which means it has not yet been put in stone. In its filing on Tuesday, the company warned investors that if the parties are unable to reach a final agreement, there is still a risk that DOJ could submit fees against the company “Seeking compensation in addition to such an agreed settlement amount.”

“If the parties are unable to reach settlement and do a complaint, Semler Sci intends to strongly defend itself in such action,” the company said in its archiving.

Semler Scientific currently has 3,192 Bitcoins, a storage worth approx. $ 267 million for today’s price.