California-based Semler Scientific is planning to significantly increase its Bitcoin holdings in the coming years. In its new strategy, it aims to stretch holdings from 3,808 BTC to 105,000 BTC by the end of 2027.
Plans for Bitcoin Accumulation
Semler Scientific announced its intention to accumulate 10,000 BTC by the end of 2024, 42,000 BTC by 2026, and reach 105,000 BTC by 2027. This will constitute approximately 0.5% of the total Bitcoin supply of 21 million.
Joe Burnett's Role in the Strategy
The company appointed Joe Burnett as its new Director of Bitcoin Strategy to lead this initiative. Burnett has significant experience in Bitcoin markets and has previously held positions in notable financial organizations. He stated that "the trend to adopt Bitcoin as part of corporate treasury is clearly accelerating."
Critical Opinions and Stock Decline
Despite the ambitious plans, some analysts express concerns about Semler's strategy. Matthew Sigel from VanEck warned that large-scale Bitcoin purchases could dilute shareholder value, especially given Semler Scientific's recent stock decline of nearly 41% this year.
Semler Scientific aims to secure a significant position in the Bitcoin market, yet the risks associated with such investments raise concerns among experts and analysts.
