Semler Scientific, the second U.S. publicly traded company to adopt Bitcoin as a treasury reserve asset, plans to buy at least 10,000 BTC by year-end 2025, 42,000 by 2026, and 105,000 by 2027. It also appointed Joe Burnett as Director of Bitcoin Strategy while announcing its Bitcoin accumulation strategy.
The announcement comes as Semler Scientific continues expanding its Bitcoin holdings. The company recently acquired 185 BTC for $20 million, bringing total holdings to 4,449 BTC worth approximately $446 million at current prices. The average cost per BTC accumulated is $92,158.
Semler Scientific chairman Eric Semler said, “We are excited to have Joe join our Bitcoin strategy team and help drive our three-year plan to own 105,000 Bitcoins. His expertise will be instrumental as we pursue our Bitcoin treasury strategy and aim to deliver long-term value to our stockholders.”
Since adopting the Bitcoin Standard in May 2024, the company has “achieved approximately 287% BTC Yield and a $177 million BTC $ Gain through June 3, 2025,” Semler noted. The company has generated a BTC Yield of 26.7% year-to-date.
Joe Burnett, director of Bitcoin strategy, said the world is witnessing the monetization of Bitcoin as a superior form of money. With companies jumping to add Bitcoin to their corporate treasuries, the Bitcoin adoption trend is really going mainstream. “We are determined to build one of the largest corporate Bitcoin treasuries in the world,” added Burnett.
SMLR stock price closed 11.95% higher at $31.94 on Thursday, as per Yahoo Finance data. The company dewill use equity and debt financing and cash flows from operations to buy more Bitcoin.
BTC price is currently trading at $104,755, moving sideways amid the geopolitical tensions in the Middle East. Notably, Bitcoin price is trading below its max pain point as over $3.3 billion in BTC options are set to expire today.
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