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 saying a Bitcoin accumulation plan. The healthcare know-how 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 not too long ago acquired 185 Bitcoin between Could 23 and June 3 for $20 million, bringing whole 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 crew and assist drive our three-year-plan to personal 105,000 Bitcoins,” mentioned Eric Semler, chairman of Semler Scientific. “Joe is an analytical thought chief on Bitcoin and Bitcoin treasury corporations. His experience will probably be instrumental as we pursue our Bitcoin treasury technique and purpose to ship long-term worth to our stockholders.”
Since adopting its Bitcoin Commonplace in Could 2024, Semler has “achieved roughly 287% BTC Yield and a $177 million BTC $ Acquire by June 3, 2025,” Semler famous. The corporate presently reviews 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 US.
“We’re witnessing the worldwide monetization of Bitcoin as a superior type of cash,” mentioned 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 Commonplace, 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 by inventory gross sales.
The corporate has acquired 4,449 Bitcoin for $410.0 million at a median worth of $92,158 per Bitcoin. “We proceed to accretively develop our Bitcoin arsenal utilizing working money circulate and proceeds from debt and fairness financings,” Semler said.
