Healthcare technology firm Semler Scientific Inc. is planning to grow its Bitcoin holdings nearly 28-fold by the end of 2027. The California-based company aims to increase its Bitcoin stash from the current 3,808 BTC to a staggering 105,000 BTC over the next two and a half years—equivalent to roughly 0.5% of Bitcoin’s total capped supply of 21 million. Semler outlined its roadmap in a statement on Thursday, revealing it plans to accumulate 10,000 BTC by the end of 2024, 42,000 BTC by 2026, and finally hit the 105,000 BTC milestone by 2027. The company said it would use a mix of equity offerings, debt financing, and operational cash flow to fund its Bitcoin strategy. Notably, it has appointed Bitcoin analyst Joe Burnett as its new Director of Bitcoin Strategy to lead the initiative. Joe Burnett to Spearhead Semler Scientific’s Bitcoin Strategy Burnett brings extensive experience in Bitcoin markets, having previously served as director of market research at Unchained and head analyst at Blockware Solutions. Prior to entering the crypto industry, Burnett worked at the accounting giant Ernst & Young. Speaking on his new role, Burnett stated, “The trend to adopt Bitcoin as part of corporate treasury is clearly accelerating.” Semler first entered the Bitcoin space in May 2024 and quickly climbed to 13th place among public companies in terms of BTC holdings, according to BitBo. Its move follows a broader trend among listed firms using Bitcoin as a strategic reserve asset. Japan’s Metaplanet also recently unveiled a plan to acquire 210,000 BTC by 2027, signaling growing institutional appetite for digital assets. Critics Raise Concerns Amid Stock Price Dip However, not everyone is on board with Semler’s aggressive Bitcoin strategy. Matthew Sigel, head of digital asset research at VanEck, warned that companies pursuing large-scale Bitcoin purchases risk diluting shareholder value if their stock prices fall too low. Sigel noted that while no firm has yet reached that breaking point, Semler is “now approaching parity.” Shares in Semler Scientific (SMLR) have dropped nearly 41% this year and are nearing the levels seen before its Bitcoin investments began. Despite the stock pressure, Semler has recorded a paper gain of $177 million as of June 3, thanks to a 287% yield on its Bitcoin buys. With 0.00034 BTC per share, the company now ranks fourth in Bitcoin exposure per share among 130 public firms tracked by BitcoinTreasuries.NET. The post Semler Scientific Sets Ambitious Bitcoin Target of 105,000 BTC by 2027 appeared first on TheCoinrise.com .
