U.S. publicly traded company Semler Scientific intends to issue $75 million in convertible preferred notes, with a portion of the proceeds to be used to purchase Bitcoin.

BlockBeats News, January 24th, according to official sources, U.S. listed company Semler Scientific plans to privately place $75 million in principal amount of convertible senior notes due in 2030 to qualified institutional buyers.

In addition, Semler Scientific also plans to grant the initial purchasers of the notes an option to purchase up to an additional $15 million in principal amount of notes within 13 days from the issuance date. Semler Scientific intends to use a portion of the net proceeds from the offering to pay the cost of the capped call transactions and the remaining net proceeds for general corporate purposes, including the purchase of Bitcoin.