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Semler Scientific, the second publicly listed U.S. firm to embrace Bitcoin as its chief treasury reserve asset, has designated Joe Burnett as Director of Bitcoin Strategy while unveiling a Bitcoin accumulation initiative. The healthcare technology enterprise aims to possess 10,000 Bitcoin by the conclusion of 2025, 42,000 by 2026, and 105,000 by 2027.
The announcement comes as Semler persists in increasing its Bitcoin portfolio. The organization recently secured 185 Bitcoin between May 23 and June 3 at a cost of $20 million, elevating total holdings to 4,449 BTC valued at roughly $446.2 million based on current market rates.
“We are delighted to welcome Joe to our Bitcoin strategy team to advance our three-year plan to attain 105,000 Bitcoins,” stated Eric Semler, chairman of Semler Scientific. “Joe is a insightful leader in Bitcoin and treasury management for Bitcoin companies. His knowledge will be critical as we implement our Bitcoin treasury approach and strive to provide enduring value for our shareholders.”
Since adopting its Bitcoin Standard in May 2024, Semler has reported achieving nearly 287% BTC Yield and a $177 million BTC Gain up until June 3, 2025. The corporation currently indicates a year-to-date BTC Yield of 26.7%.
As the previous director of market research at Unchained, Burnett played a pivotal role in facilitating institutional Bitcoin acceptance by offering collaborative custody solutions. He also held the position of head analyst at Blockware Solutions, assisting in the launch of one of the largest Bitcoin mining operations in the United States.
“We are observing the worldwide monetization of Bitcoin as a superior currency,” Burnett remarked. “The trend of integrating Bitcoin into corporate treasury is evidently accelerating. Semler Scientific, being the second U.S. public entity to adopt the Bitcoin Standard, is leading the charge in this initiative.”
Semler’s Bitcoin strategy revolves around utilizing proceeds from equity and debt financing alongside operational cash flows. Following the initiation of its market offering program in April 2025, the firm has generated approximately $136.2 million via stock transactions.
The company has obtained 4,449 Bitcoin for $410.0 million at an average cost of $92,158 per Bitcoin. “We are continuously enhancing our Bitcoin inventory through operational cash flow and funds raised from debt and equity,” Semler mentioned.
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