Semler Scientific plans to increase its Bitcoin holdings from 3,808 to 105,000 BTC over the next two and a half years.
Plans to Increase Bitcoin Holdings
Semler Scientific has announced its intention to reach 10,000 BTC by the end of this year, 42,000 BTC by the end of 2026, and ultimately 105,000 BTC by 2027. The plans will be financed through equity, debt financing, and operational cash flow. The company has already acquired over 3,800 BTC and ranks 13th among public companies in terms of Bitcoin holdings.
Hiring Joe Burnett as Bitcoin Strategy Director
To implement its Bitcoin purchasing strategy, Semler has hired Joe Burnett as its 'Director of Bitcoin Strategy'. Burnett previously served as the Director of Market Research at Unchained and was the head analyst at Blockware Solutions. 'The trend of adopting Bitcoin as part of corporate treasury is clearly accelerating,' noted Burnett.
Analysis and Risks for Semler Scientific
VanEck crypto researcher Matthew Sigel warned that Bitcoin-buying public companies may face issues if their stock prices drop significantly. He pointed to the potential for share dilution as a risk and mentioned that Semler is approaching that situation. Currently, shares in Semler Scientific (SMLR) are down 41% this year, creating risks for future Bitcoin investments.
Semler Scientific intends to significantly increase its Bitcoin reserves, but maintaining current investments may face risks in the context of a volatile market.
