The strategic initiative by Semler Scientific to accumulate 105,000 Bitcoins by the end of 2027 reflects a bold and calculated approach to enhancing its financial portfolio. This ambitious plan, which commenced in May 2024, is designed to leverage various financing methods, including equity and debt instruments alongside operational cash flows. The company's current holdings of 4,449 BTC, valued at approximately $464 million, serve as a foundation for this expansive strategy . By targeting an initial treasury of 10,000 BTC by the end of 2025, Semler aims to position itself advantageously within the rapidly evolving cryptocurrency market.
Healthcare infrastructure firm Semler Scientific is planning to accumulate 10,000 Bitcoin by this year and targets 105,000 Bitcoin by 2027. The company has appointed BTC expert Joe Burnett as Director of Bitcoin Strategy to help lead its ambitious plans.
appoints Joe Burnett as Director of Bitcoin Strategy. Announces three-year plan to own 105,000 by Year-End 2027. So fired up to have Joe on board to help with this exciting new chapter in Semler's mission.
Prior to today, though, it's been a rough ride for SMLR, which remains lower by 33% year-to-date and more than 50% off its 2025 high above $80. The sharp share price decline has left the company's market capitalization at or below the value of the bitcoin on its balance sheet — thus taking off the table the ability to accretively raise money for more BTC purchases through common share sales.
Semler has achieved a 287% Bitcoin yield and an unrealized gain of $177 million on its Bitcoin investments as of June 3.
It also has the fourth-highest Bitcoin per share of 0.00034 among the 130 Bitcoin-holding public companies tracked by BitcoinTreasuries.NET.
The appointment of Joe Burnett as Director of Bitcoin Strategy underscores the company’s commitment to this venture. His expertise will be pivotal in navigating the complexities associated with Bitcoin acquisition and market volatility . As Semler Scientific embarks on this innovative trajectory towards significant Bitcoin holdings, it sets a precedent for other firms contemplating similar ventures in digital assets. Ultimately, this strategy may not only enhance shareholder value but also solidify Semler's status as a forward-thinking leader in its industry.
Read more
Telegram Billionaire to Split $14B Fortune Among His 100+ Children Newcomers ‘28 Years Later’ and ‘Elio’ Face Fierce Competition from Box Office Titan ‘DragonSara H
Also on site :
- Meta considered acquiring Perplexity before investing in Scale AI
- FDA approves breakthrough HIV prevention drug
- DNA study sheds light on the identity of the enigmatic 'Dragon Man' fossil