The analyst, who wrote this piece, owns shares in Semler Scientific (SMLR).

The manufacturer of medical devices Semler Scientific (SMLR) fell by as much as 15 % after the closure of US trade Thursday after saying it plans to sell $ 75 million convertible senior banknotes and will use some of the means to add to his Bitcoin (BTC) holdings.

The shares fell as low as $ 51, as the company also said that revenue in the fourth quarter rose 3.3% to $ 12.5 million, and the revenue from operations increased by 8.8% to $ 3.7 million. The unrealized gain from the change in the fair value of Bitcoin stocks was about $ 29 million.

Part of the proceeds from the banknote, which includes an option of an additional $ 15 million will be used to finance Capped-Call transactions to offset stock wasting from a potential note conversion, the company said.

The banknotes expire in 2030, with interest paid semi -annually. They can be converted into cash, corporate stocks or both. The full terms of the offer have not been released.

Per. On January 17, Semler Scientific had 2,321 BTC with a total purchase price of $ 191.9 million and an average price of $ 82,689.