Semler Scientific, the second U.S. publicly traded firm to undertake Bitcoin as its major treasury reserve asset, has appointed Joe Burnett as Director of Bitcoin Technique whereas asserting a Bitcoin accumulation plan. The healthcare expertise firm targets holding 10,000 Bitcoin by yr finish 2025, 42,000 by 2026, and 105,000 by 2027.
The announcement comes as Semler continues increasing its Bitcoin holdings. The corporate just lately acquired 185 Bitcoin between Could 23 and June 3 for $20 million, bringing complete holdings to 4,449 BTC price roughly $446.2 million at present costs.
“We’re excited to have Joe be a part of our Bitcoin technique staff and assist drive our three-year-plan to personal 105,000 Bitcoins,” stated Eric Semler, chairman of Semler Scientific. “Joe is an analytical thought chief on Bitcoin and Bitcoin treasury firms. His experience will likely be instrumental as we pursue our Bitcoin treasury technique and goal to ship long-term worth to our stockholders.”
Since adopting its Bitcoin Customary in Could 2024, Semler has “achieved roughly 287% BTC Yield and a $177 million BTC $ Acquire via June 3, 2025,” Semler famous. The corporate at present stories a year-to-date BTC Yield of 26.7%.
As former director of market analysis at Unchained, Burnett contributed to serving to institutional Bitcoin adoption by offering collaborative custody options. He beforehand served as head analyst at Blockware Options, serving to launch one of many largest Bitcoin mining platforms in the USA.
“We’re witnessing the worldwide monetization of Bitcoin as a superior type of cash,” stated Burnett. “The development to undertake Bitcoin as a part of company treasury is clearly accelerating. Semler Scientific, because the 2nd U.S. public firm to undertake the Bitcoin Customary, has been on the forefront of this motion.”
Semler’s Bitcoin technique entails utilizing proceeds from fairness and debt financings plus operational money flows. Since launching its market providing program in April 2025, the corporate has raised roughly $136.2 million via inventory gross sales.
The corporate has acquired 4,449 Bitcoin for $410.0 million at a median value of $92,158 per Bitcoin. “We proceed to accretively develop our Bitcoin arsenal utilizing working money circulation and proceeds from debt and fairness financings,” Semler acknowledged.
