Semler Scientific Inc. has set its sights on a bold expansion of its Bitcoin treasury. The healthcare technology company aims to grow its holdings to 105,000 BTC by 2027, a figure that would account for roughly 0.5% of btc logoBTC ▼-1.35% finite supply of 21 million.

This aggressive strategy requires multiplying its current stockpile of 3,808 BTC nearly 28 times in just over two years.

Oh, and a quick reminder, if you bought Bitcoin on any date on or preceding Dec. 13, 2024, you are in the green.

(BTC is an IQ Test)

The Strategy Behind the Bitcoin Treasury Push

Semler intends to hit its ambitious Bitcoin target using a mix of equity, debt financing, and operational cash flow.

Since beginning its Bitcoin accumulation in May 2024, the company has positioned itself as a serious player in the corporate crypto space. Now ranked as the 13th largest public Bitcoin holder, Semler is one of the many companies riding this trend.

Leading Semler’s push toward one of the largest corporate Bitcoin treasuries in the world is Joe Burnett, the company’s newly appointed director of Bitcoin strategy. Burnett brings a résumé packed with crypto credentials, having worked with Unchained Capital and Blockware Solutions

Semler’s chairman, Eric Semler, stated, “We are excited to have Joe join our Bitcoin strategy team and help drive our three-year plan to own 105,000 Bitcoins.”

 

Burnett emphasized the mainstream momentum of Bitcoin adoption, noting, “We are determined to build one of the largest corporate Bitcoin treasuries in the world.”

The Bigger Picture of Corporate Bitcoin Adoption

Adding BTC to a corporate treasury is not at all straightforward. The stock price of Semler (SMLR) has dropped nearly 41% this year, raising questions about the sustainability of its strategy.

Crypto researcher Matthew Sigel of VanEck warned that companies raising funds aggressively for Bitcoin purchases could dilute shareholder value if their stock prices dip too close to net asset value.

Despite this, Thursday’s announcement saw SMLR shares close 11.95% higher at $31.94, signaling a temporary positive reaction from investors.

(Source)

Semler is part of a rising tide of companies prioritizing Bitcoin acquisitions, a trend that includes major players like MicroStrategy. Japanese investment firm Metaplanet recently announced plans to acquire 210,000 BTC by 2027, further emphasizing Bitcoin’s role as a corporate asset.

Their strategy reflects a growing belief in Bitcoin as “the superior form of money,” as Burnett puts it.

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Key Takeaways

  • Semler Scientific Inc. has set its sights on a bold expansion of its Bitcoin treasury.
  • All eyes are on Powell this week. As inflation lingers and labor metrics soften.

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Isaiah Mccall
Isaiah Mccall
Crypto Analyst

Isaiah McCall is an ultramarathon runner and journalist for 99Bitcoins. He started at USAToday in 2019 and now has a Medium blog following of 30k+ and millions of views. Follow him at @AfroReporter Read More

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