- Semler Scientific (SMLR, Financial) appoints Joe Burnett as Director of Bitcoin Strategy.
- Targets owning 10,000 Bitcoins by end-2025, scaling to 105,000 by end-2027.
- Utilizes equity, debt, and operational cash flows for Bitcoin acquisition.
Semler Scientific, Inc. (SMLR), a publicly traded company, has announced the appointment of Joe Burnett as Director of Bitcoin Strategy. As the second U.S. public company to adopt the Bitcoin Standard, Semler plans to significantly expand its Bitcoin holdings, targeting 10,000 Bitcoins by the end of 2025, 42,000 by the end of 2026, and 105,000 by the end of 2027.
Since adopting its Bitcoin treasury strategy in May 2024, Semler has seen a remarkable success, achieving a 287% BTC Yield and gaining $177 million in Bitcoin through June 2025. The company intends to fund these acquisitions through a combination of equity financing, debt, and cash flows from its operations.
Eric Semler, Chairman of Semler Scientific, expressed enthusiasm about Joe Burnett's addition to the Bitcoin strategy team, highlighting Burnett’s expertise and analytical prowess in Bitcoin and treasury management. This move is expected to support the company's objective to build one of the largest corporate Bitcoin treasuries worldwide, with Bitcoin being viewed as a pivotal long-duration asset.
