Semler Scientific reached a settlement with the U.S. Department of Justice, agreeing to pay a fine of $29.75 million

ChainCatcher news, according to CoinDesk, medical technology company Semler Scientific disclosed in a filing on Tuesday that it has reached a preliminary settlement with the U.S. Department of Justice (DOJ) regarding marketing violations related to its product QuantaFlo, agreeing to pay a fine of $29.75 million.

The company has signed a loan agreement with cryptocurrency exchange Coinbase, planning to use its held Bitcoin as collateral to obtain a loan for the settlement payment.

Previous news, Semler Scientific launched a $500 million mixed securities offering plan, with the raised funds potentially used to purchase Bitcoin.