Key Takeaways
- Semler Scientific aims to increase its bitcoin holdings to 105,000 BTC by 2027.
- Joe Burnett has been appointed as director of bitcoin strategy to lead this initiative.
- Despite a 41% stock drop, Semler's bitcoin investment has yielded a 287% return and $177 million in unrealized gains.
Healthcare tech firm Semler Scientific Inc. has revealed plans to expand its bitcoin holdings from 3,808 BTC to 105,000 BTC by 2027.
According to the company, it aims to reach 10,000 BTC by the end of 2025, 42,000 BTC by the end of 2026, and ultimately 105,000 BTC by 2027.
This would represent nearly 0.5% of bitcoin’s total fixed 21 million supply.
To achieve this, Semler intends to utilize equity, debt financing, and operational cash flow.
The company first began acquiring bitcoin in May 2024 and currently holds the 13th largest bitcoin stash among public companies, according to our treasuries data.
Joe Burnett appointed to lead strategy
Semler has appointed bitcoin researcher Joe Burnett as its new director of bitcoin strategy to oversee the accumulation plan.
Burnett previously worked at Unchained and Blockware Solutions, and started his career at EY.
In the announcement, he stated:
“The trend to adopt Bitcoin as part of corporate treasury is clearly accelerating.”
Analyst cautions on share dilution risk
VanEck researcher Matthew Sigel commented that firms aggressively buying bitcoin may need to reconsider their strategies if stock prices fall.
He warned that large at-the-market programs to fund bitcoin purchases could lead to shareholder dilution if share prices approach net asset value, noting Semler is “now approaching parity.”
Despite a nearly 41% drop in share price this year, Semler reports a 287% yield and an unrealized gain of $177 million on its bitcoin investments as of June 3. It holds the fourth-highest bitcoin per share—0.00034—among 130 tracked public companies.
