Healthcare‑tech firm Semler Scientific Inc. recently revealed plans to dramatically increase its Bitcoin holdings—boosting from its current ~3,800 BTC to a staggering 105,000 BTC by the close of 2027. That represents nearly a 28‑fold increase and would equal around 0.5% of Bitcoin’s total 21 million supply.
Incremental milestones outlined
- → 10,000 BTC by December 2025
- → 42,000 BTC by December 2026
- → 105,000 BTC by December 2027
The firm intends to finance this buildup via a mix of equity and debt offerings, along with operational cash flow. Director-level oversight has been bolstered with a fresh appointment to guide the strategy.
To spearhead the Bitcoin acquisition strategy, Semler has appointed Joe Burnett as its Director of Bitcoin Strategy. Burnett brings robust experience, having served as Market Research Director at Unchained and Head Analyst at Blockware Solutions. Prior to diving into crypto, he worked at EY (formerly Ernst & Young).
Burnett commented that “the trend to adopt Bitcoin as part of corporate treasury is clearly accelerating.”
Semler joins growing cohort of corporate Bitcoin holders
Since initiating its Bitcoin purchases in May 2024, Semler has climbed to become the 13th-largest public company holder of BTC, according to BitBo data. This move reflects a broader trend: more publicly traded companies aiming to build substantial BTC treasuries, sometimes eclipsing their core business activities.
Notably, on June 9, Japanese investment firm Metaplanet announced a goal to acquire 210,000 BTC by the end of 2027—showing the scale of ambition in this space.
Market risks: dilution concerns and stock performance
Despite the bullish stacking plan, analysts urge caution. Matthew Sigel, crypto researcher at VanEck, warns that if a company’s stock price plummets—especially one using large “at‑the‑market” share issuances to fund Bitcoin purchases—shareholder dilution becomes a serious concern. He noted that no public company has hit that danger zone yet, but that Semler “is now approaching parity.”Indeed, Semler’s stock (ticker SMLR) is down roughly 41% year‑to‑date, and has recently traded near the price level it was at before initiating its Bitcoin strategy, per Google Finance data.
