Semler Scientific, Inc. has obtained a $20 million cash loan under a master credit agreement with Coinbase Credit Inc., according to filings submitted to the U.S. Securities and Exchange Commission (SEC). The loan is collateralized with Bitcoin holdings from Semler Scientific, marking a notable example of cryptocurrency-backed corporate financing.
The agreement stipulates a 10% interest rate and an initial margin requirement of 156.25%, with repayment due on March 26, 2026. If the company opts for early repayment, it must pay a fee equivalent to the total remaining interest over the loan term. The credit arrangement allows Semler Scientific to borrow either cash or digital assets, provided adequate collateral in Bitcoin or other approved assets is maintained. If the value of the collateral falls below the required margin, the company must provide additional Bitcoin or reduce the outstanding balance.
Semler Scientific intends to use the loan proceeds, alongside operational cash flow, to fully settle a previously disclosed agreement with the U.S. Department of Justice. Despite these legal obligations, the company has demonstrated strong financial performance, with 112% revenue growth over the past twelve months and a current liquidity ratio of 4.74, signaling solid short-term financial stability.
The loan disclosure coincides with Semler Scientific’s ongoing merger process with Strive, Inc., as announced in previous SEC filings. Strive, which currently has a market capitalization of $141 million and a year-to-date return of 460%, is expanding its operational and financial footprint through this acquisition. In recent developments, Strive also completed a merger with Asset Entities, raising approximately $750 million in equity financing with potential access to $1.5 billion via warrants. These strategic moves aim to build a company with a robust Bitcoin treasury.
Industry analysts note that this type of cryptocurrency-collateralized loan highlights the growing trend of integrating digital assets into corporate financing strategies, offering liquidity while retaining exposure to Bitcoin. The market is watching closely to see how such arrangements might influence both ASST stock performance and broader adoption of crypto-backed lending in the corporate sector.
