Catenaa, Saturday, June 28, 2025-Semler Scientific, a Nasdaq-listed healthcare technology firm, has appointed Joe Burnett as its director of Bitcoin strategy and announced an aggressive plan to expand its cryptocurrency holdings. The company intends to more than double its bitcoin reserves by the end of 2025 and significantly ramp up its digital asset treasury over the next three years.
As of June 4, Semler holds 4,449 bitcoins valued at roughly $462 million. Under the new plan, the company aims to acquire 10,000 BTC by year-end, increase that to 42,000 BTC by the end of 2026, and ultimately reach 105,000 BTC by 2027. The acquisitions will be funded through equity and debt offerings, along with operational cash flow.
Burnett, formerly with Unchained and Blockware Solutions, brings extensive experience in crypto research and strategy. In a company release, he stated Semler is committed to building one of the largest corporate bitcoin treasuries, driven by a belief in bitcoin as a superior long-term asset.
Semler was the second U.S. public firm to adopt a bitcoin treasury strategy, following Strategy (formerly MicroStrategy). Since announcing its move into crypto in May 2024, Semler has reported a 287% return on its bitcoin holdings, gaining $177 million as of early June.
Semler shares trade around $32 with a market capitalization of $375 million. The firm ranks among the top 15 corporate holders of bitcoin, a list that now includes nearly 230 companies.
