It appears that the chaps at Semler Scientific Inc. have gone utterly barmy for Bitcoin. The healthcare tech firm has announced plans to swell its Bitcoin stash by a whopping 28 times in the next two-and-a-half years, from a modest 3,808 Bitcoin to a rather more impressive 105,000 Bitcoin. One can only assume they’re hoping to make a pretty penny or two… or 105,000, for that matter.
Their strategy, you see, is to hold 10,000 Bitcoin by the end of this year, followed by a further 32,000 by the end of 2026, and finally, the pièce de résistance: 105,000 Bitcoin by 2027. And how do they plan to achieve this feat, you ask? Why, with a combination of equity, debt financing, and operational cash flow, of course! And to lead the charge, they’ve appointed a new director, Joe Burnett, a chap with a background in Bitcoin research. Good show, old bean!
Semler first dipped its toes into the world of Bitcoin in May 2024 and has since accumulated over 3,800 of the blasted things. According to BitBo data, this puts them 13th on the list of public companies with the largest Bitcoin holdings. Not too shabby, if I do say so myself.
Now, I know what you’re thinking: “Isn’t this just a bit of a gamble?” And to that, I say… well, yes. But Semler’s not the only one taking the plunge. Other publicly traded firms are also buying up Bitcoin like it’s going out of style. In fact, Japanese investment firm Metaplanet has announced plans to purchase a whopping 210,000 Bitcoin by the end of 2027. Blimey!
If Semler reaches its goal of 105,000 Bitcoin, it’ll hold a whopping 0.5% of the total 21 million Bitcoin supply. Not a bad chunk of change, if you ask me.
The Man with the Plan: Joe Burnett
As I mentioned earlier, Joe Burnett is the chap leading Semler’s Bitcoin charge. He’s got a background in Bitcoin research and has worked with some big names in the industry, including Unchained and Blockware Solutions. Before that, he was a big cheese at EY (formerly Ernst & Young). Quite the pedigree, if I do say so myself.
Burnett’s got some big plans for Semler’s Bitcoin strategy, and he’s not afraid to share them. “The trend to adopt Bitcoin as part of corporate treasury is clearly accelerating,” he said in a statement. Ah, a man of vision, indeed!
A Word of Caution from VanEck
But not everyone’s convinced that Semler’s plan is a good idea. Matthew Sigel, a crypto researcher at VanEck, has warned that companies using large at-the-market programs to raise funds for Bitcoin purchases might be in for a spot of trouble if their stock prices take a tumble.
Sigel noted that Semler’s stock price is down by nearly 41% this year and is approaching a similar price to before the company started buying Bitcoin. Oh dear, oh dear! Perhaps they should take a page from the book of that great philosopher, Warren Buffett: “Price is what you pay. Value is what you get.”
Semler’s Bitcoin Bonanza
Despite the warnings, Semler’s Bitcoin investments have yielded a rather impressive 287% return, with an unrealized gain of $177 million as of June 3. Not too shabby, if you ask me! They’ve also got the fourth-highest Bitcoin per share of 0.00034 among the 130 Bitcoin-holding public companies tracked by BitcoinTreasuries.NET. Blimey, indeed!
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2025-06-20 04:03