Amid growing interest in digital assets, Semler Scientific has announced the appointment of Joe Burnett as its new Director of Bitcoin Strategy.
Appointment of Joe Burnett
Nasdaq-listed healthcare technology firm Semler Scientific announced Thursday the appointment of Joe Burnett as its new Director of Bitcoin Strategy. This appointment marks a significant pivot towards digital asset accumulation.
Bitcoin Accumulation Strategy
As part of its long-term strategy, Semler aims to amass 105,000 BTC by the end of 2027. The company plans to fund this aggressive accumulation using a combination of equity and debt financings, alongside cash flows from its operations. The short-term goal includes holding 10,000 BTC by the end of 2025, expanding to 42,000 BTC by 2026.
Long-Term Goals of the Company
Burnett stated, "We are witnessing the global monetization of Bitcoin as a superior form of money." He added that Semler Scientific is committed to massively growing its Bitcoin treasury in a highly accretive manner for stockholders, guided by a long-term conviction that Bitcoin is the ultimate long-duration asset to hold.
Semler Scientific's decision to increase its Bitcoin assets reflects a growing trend among publicly traded companies that view digital assets as a hedge against monetary debasement.
