Healthcare infrastructure company Semler Scientific has announced its ambitious plan to acquire a total of 10,000 Bitcoin by the end of this year, with a long-term goal of holding 105,000 Bitcoin by 2027. The firm has brought on board Bitcoin specialist Joe Burnett as the new Director of Bitcoin Strategy to spearhead this initiative.
In a statement shared on Twitter, Eric Semler, Chairman of Semler Scientific, expressed enthusiasm about Burnett’s appointment, stating, “So fired up to have Joe on board to help with this exciting new chapter in Semler’s $BTC mission.”
— Eric Semler (@SemlerEric) June 19, 2025
Currently, Semler Scientific holds 4,449 Bitcoin and stands as the second publicly traded company in the United States to designate Bitcoin as its principal treasury reserve asset.
As detailed in the recent announcement, the company plans to leverage proceeds from equity and debt financing alongside operating cash flows to achieve its ambitious targets.
Experience Backing Semler’s Bitcoin Strategy
Joe Burnett, a recognized expert in Bitcoin research, articulated to Finance Newso that Bitcoin is “more scarce and portable than gold,” positioning it as a leading advancement in monetary technology.
Prior to his role at Semler Scientific, Burnett served as the director of market research at Unchained, where he played a significant role in facilitating institutional adoption of Bitcoin through collaborative custody solutions.
Eric Semler remarked, “We are excited to have Joe join our Bitcoin strategy team and help drive our three-year-plan to own 105,000 Bitcoins.”
Burnett himself reflected on his new role on X, saying, “It’s time to build one of the most valuable companies in the world.”
It’s time to build one of the most valuable companies in the world.
Excited to join the team. Thank you @SemlerEric, @renaecormier, @natbrunell, and team for the opportunity! https://t.co/wM1uXjprb1
— Joe Burnett, MSBA (@IIICapital) June 19, 2025
Aligning with Industry Trends
Semler Scientific’s target to acquire 10,000 Bitcoin by this year aligns with the strategies of several prominent Bitcoin holders. Japanese investment firm Metaplanet, for example, has also set goals to secure 10,000 BTC by the same timeframe, successfully reaching its target this month. The Tokyo-listed entity aims for a total of 210,000 BTC by 2027, representing 1% of Bitcoin’s overall supply.
Earlier in June, Semler Scientific disclosed its increase in Bitcoin holdings, acquiring an additional 185 Bitcoin between May 23 and June 3 for a total of $20 million.
Stock Performance Boost
Following the announcement of its Bitcoin acquisition strategy, shares of Semler Scientific (SMLR) saw a significant leap, surging by 11.95% to reach $31.94 in after-hours trading.
In the context of these developments, Eric Semler stated back in May, “We continue to accretively grow our bitcoin arsenal using operating cash flow and proceeds from debt and equity financings,” reaffirming the company’s commitment to its investment strategy.
At present, Bitcoin is trading at $104,507, reflecting a slight 24-hour decline of 0.77%, according to CoinMarketCap.
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