Key Takeaways:
- Semler Scientific plans to grow its Bitcoin holdings from 3,808 BTC to 105,000 BTC by 2027, targeting 0.5% of total supply.
- The strategy will be funded through equity, debt, and cash flow, with Joe Burnett appointed to lead Bitcoin initiatives.
- Despite concerns over stock dilution, Semler has seen a 287% return on its Bitcoin investment, with $177 million in unrealized gains.
Semler Scientific Inc., a healthcare technology firm, has unveiled an ambitious plan to grow its Bitcoin holdings from 3,808 BTC to 105,000 BTC by 2027.
The roadmap includes key milestones: 10,000 BTC by end-2025, 42,000 BTC by 2026, and the full target by 2027.
$SMLR appoints Joe Burnett @IIICapital as Director of Bitcoin Strategy. Announces three-year plan to own 105,000 #Bitcoins by Year-End 2027. So fired up to have Joe on board to help with this exciting new chapter in Semler's $BTC mission. 🚀
— Eric Semler (@SemlerEric) June 19, 2025
To fund this, Semler will use a mix of equity, debt financing, and operational cash flow.
It has appointed Joe Burnett, a Bitcoin researcher, as its new Director of Bitcoin Strategy.
It’s time to build one of the most valuable companies in the world.
— Joe Burnett, MSBA (@IIICapital) June 19, 2025
Excited to join the team. Thank you @SemlerEric, @renaecormier, @natbrunell, and team for the opportunity! https://t.co/wM1uXjprb1
Burnett previously worked with Unchained, Blockware Solutions, and EY.
Semler began purchasing Bitcoin in May 2024 and now ranks 13th among public companies by BTC holdings.
If successful, it would control 0.5% of Bitcoin’s total 21 million supply.
The company joins others, like Japan’s Metaplanet, which also aims to acquire large BTC reserves.
While Semler’s strategy has produced a 287% return, amounting to an unrealized gain of $177 million, some analysts remain cautious.
Matthew Sigel of VanEck warned about risks such as share dilution from at-the-market fundraising if the company’s stock price drops.
Matthew Sigel told Decrypt that “Semler is now in a position where many Bitcoin treasury companies may find themselves in the coming quarters: trading close to NAV and facing pressure to demonstrate capital discipline.”
— matthew sigel, recovering CFA (@matthew_sigel) June 18, 2025
Disclosure: I own the stock. Risk/reward looks positive. https://t.co/wU8EPovRCR pic.twitter.com/RmGBAfoifi
Despite this, Semler ranks fourth in BTC per share among 130 public Bitcoin holders, offering 0.00034 BTC per share, according to BitcoinTreasuries.NET.
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