Healthcare technology company Semler Scientific Inc. said it plans to increase its Bitcoin stack nearly 28 times over the next two and a half years and increase its holdings from 3,808 bitcoins to 105,000 bitcoins.
Semler aims to own a total of 10,000 bitcoins (BTC) By the end of this year, by the end of 2026, it reached 42,000 BTC, and then achieved its ultimate goal of 105,000 BTC by 2027, the company explain Thursday.
It plans to use equity, debt financing and operating cash flow to meet its goals and has appointed new directors to lead the program.
Semler first bought Bitcoin in May 2024 and said he will continue to buy and hold Bitcoin in the long term. Since then, it has purchased over 3,800 BTC and has the 13th largest Bitcoin holding among publicly traded companies, according to to BITBO data.
Semler’s plan comes from Publicly traded companies When buying Bitcoin, some people prioritize buying core business operations above Bitcoin.
To reach 105,000 BTC would mean that Semler holds 0.5% of the fixed 21 million supply of Bitcoin. Japanese investment company Metaplanet also announced on June 9 Buy 210,000 Bitcoins By the end of 2027.
Joe Burnett leads Bitcoin strategy
Semmer says it hired Bitcoin researchers Joe Burnett is its “Bitcoin Strategy Director” to lead its plan to buy Bitcoin.
Burnett previously served as Director of Market Research at Unchained, a Bitcoin financial services company, and headed up for Bitcoin mining companies. Block software solution.
Burnett is Four accounting companies EY (formerly Ernst & Young) entered the Bitcoin industry full time.
“The trend to adopt Bitcoin as part of the company’s Treasury is clearly accelerating,” he said in the announcement.
Semler may need to rethink Bitcoin purchases: Vaneck
Public companies buying Bitcoin should consider it, Vaneck crypto researcher Matthew Sigel said Monday Their strategy for sunset If their stock price drops sharply, in total.
He warned that companies that use large-scale purchases in the market to raise funds to raise funds may face problems if the stock starts trading near its net asset value, as issuing more shares can dilute shareholder value rather than increase shareholder value.
Sigel notes that while no listed companies have achieved this, Semler is “close to equality now.”
Semler Scientific Inc. (SMLR) shares fell nearly 41% this year, similar to the price before the company started buying Bitcoin, according to for Google Finance.
Semler earns Bitcoin with $177 million in paper
As of June 3, Semler’s Bitcoin investment received a 287% Bitcoin yield and an unrealized $177 million.
It also has the fourth highest Bitcoin per share of 130 Bitcoins, at 0.00034 track By BitCoinReasuries.net.
Bitcoin per share shows the direct exposure of Bitcoin per share provided by the company and its potential impact on the stock’s value.
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