Semler Scientific Hires Bitcoin Strategist, Unveils Ambitious Plan to Hold 105,000 BTC by 2027
Semler Scientific, a Nasdaq-listed healthcare technology firm, is doubling down on its Bitcoin strategy in a big way. On Thursday, the company announced the hiring of crypto industry veteran Joe Burnett as its new Director of Bitcoin Strategy, alongside an ambitious multi-year roadmap to significantly expand its Bitcoin holdings.
According to the plan, Semler aims to hold 10,000 BTC by the end of 2025, ramping up to 42,000 BTC in 2026 and a staggering 105,000 BTC by the close of 2027. The company will finance these acquisitions through a combination of equity and debt offerings, as well as operational cash flow.
“We are witnessing the global monetization of Bitcoin as a superior form of money,” Burnett said in a company release. “Semler Scientific is committed to massively growing its Bitcoin treasury in a highly accretive manner for stockholders... We are determined to build one of the largest corporate Bitcoin treasuries in the world.”
Semler Scientific, Inc.
Burnett brings a strong background in Bitcoin-focused finance, having served as Director of Market Research at Unchained, and previously as Head Analyst at Blockware Solutions. Known for hosting thought leaders in the crypto and macroeconomic space, his addition signals Semler’s deepening commitment to a Bitcoin-centric treasury strategy.
As of June 4, Semler holds 4,449 BTC—valued at around $462 million—making it one of the top 15 corporate holders of Bitcoin globally. The company only launched its Bitcoin treasury strategy in May 2024 but has already seen a return of approximately 287%, with a reported gain of $177 million in BTC through early June.
While still behind industry titan MicroStrategy, Semler is among the first U.S. public companies to formally adopt “the Bitcoin Standard,” joining a growing group of nearly 230 firms that are incorporating digital assets into their balance sheets, according to data.
Semler Scientific’s stock currently trades near $32 per share, giving the company a market capitalization of about $375 million. Its bold crypto-forward strategy may set a precedent for other mid-cap firms looking to hedge against inflation or diversify their treasury assets.