Semler Scientific (SMLR) has employed Joe Burnett to the newly created place of director of Bitcoin technique.
Alongside, the corporate — which at the moment holds 4,449 bitcoin value about $462 million — introduced a aim of proudly owning at the least 10,000 bitcoin by the tip of this yr, 42,000 by year-end 2026 and 105,000 by year-end 2027.
“We’re excited to have Joe be a part of our Bitcoin technique workforce and assist drive our three-year-plan to personal 105,000 Bitcoins,” stated firm Chairman Eric Semler in a press launch. “Joe is an analytical thought chief on Bitcoin and Bitcoin treasury firms. His experience shall be instrumental as we pursue our Bitcoin treasury technique and purpose to ship long-term worth to our stockholders.”
“For over seven years, [Joe] has publicly been making the case for Bitcoin because the world’s most superior type of financial know-how,” the discharge continued. “He beforehand served as director of market analysis at Unchained, a Bitcoin-focused monetary providers firm.”
Buyers, for now, are applauding the information, sending SMLR greater by 14% on Friday at the same time as bitcoin has dipped again under $104,000 and most BTC-related shares are buying and selling within the crimson.
Previous to at the moment, although, it has been a tough trip for SMLR, which stays decrease by 33% year-to-date and greater than 50% off its 2025 excessive above $80. The sharp share value decline has left the corporate’s market capitalization at or under the worth of the bitcoin on its steadiness sheet — thus taking off the desk the flexibility to accretively increase cash for extra BTC purchases by way of widespread share gross sales.
The hiring of Burnett and lofty BTC acquisition targets suggests Semler is prone to get inventive with capital elevating plans, maybe — in comparable vogue to Michael Saylor’s Technique — turning to the popular share market.
