Ah, the intoxicating allure of Bitcoin, that siren’s call to the brave and the bewildered. Semler Scientific, a California-based med tech firm, has succumbed to its charms, unveiling an ambitious plan to amass 105,000 Bitcoin by the end of 2027.
Like a latter-day alchemist, the company aims to transform its treasury into a veritable goldmine of cryptocurrency, with 10,000 BTC by the end of 2025, 42,000 BTC by the end of 2026, and the ultimate prize of 105,000 BTC by 2027. The purchases will be funded through a potent cocktail of equity, debt financing, and operational cash flow.
At the helm of this daring endeavor is Joe Burnett, a Bitcoin evangelist and former market research director at Unchained. As director of Bitcoin strategy, Burnett will steer the firm’s treasury expansion, driven by his conviction that Bitcoin is the “ultimate long-duration asset” to hold.
Semler’s faith in Bitcoin has already yielded a 287% return and $177 million in unrealized gains on its BTC holdings as of June 3. The company’s Bitcoin yield is a staggering 22.2% in the first quarter of 2025, a beacon of hope in a sea of operating losses in its healthcare business.
The firm’s Bitcoin-per-share ratio is a dizzying 0.00034 BTC per share, one of the highest among U.S. public companies. Semler’s approach is part of a broader trend among publicly traded companies, which are increasingly turning to Bitcoin as a strategic asset.
Tokyo-listed Metaplanet, for instance, has already surpassed 10,000 BTC in holdings, reaching its year-end 2025 target six months early. The firm is now eyeing a more audacious target of holding 100,000 BTC by the end of 2026 and 210,000 BTC by 2027, equivalent to 1% of Bitcoin’s total supply.
As the Bitcoin frenzy reaches a fever pitch, one cannot help but wonder: will Semler Scientific’s bold bet pay off, or will it succumb to the cryptocurrency’s notorious volatility? Only time will tell, but for now, the company is riding the Bitcoin wave with reckless abandon 🌟.
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2025-06-20 11:04