Semler Scientific Aims to Boost Bitcoin Holdings by 2,275% in Three Years

Semler Scientific, a California-based healthcare-technology firm, has announced an ambitious three-year plan to significantly expand its Bitcoin holdings. The company aims to increase its treasury from the current 4,449 BTC to an impressive 105,000 BTC. This aggressive strategy includes milestones of owning at least 10,000 BTC by December 2025, 42,000 BTC by the end of 2026, and the full 105,000 BTC by 2028. The current value of 105,000 BTC is approximately $11 billion at today’s prices.

This escalation follows a 13-month buying campaign that has already seen Semler accumulate 4,449 BTC at an average cost of $92,158 per coin. The company disclosed these figures in early June after purchasing an additional 185 BTC for $20 million through its at-the-market (ATM) share-sale program. The announcement of these new targets has sparked significant interest, briefly reversing a year-to-date slide in the company's stock price.

Semler Scientific has appointed Joe Burnett, a long-time analyst, as its inaugural director of Bitcoin strategy. Burnett, who has a background in market research roles at Unchained and Blockware Solutions, framed the campaign as a pivotal moment in the global monetization of Bitcoin. He stated, "We are witnessing the global monetization of Bitcoin as a superior form of money… Semler Scientific is determined to build one of the largest corporate Bitcoin treasuries in the world."

To finance this ambitious plan, Semler Scientific will utilize a combination of operating cash flow, fresh equity, and convertible-debt issuance. This strategy mirrors the approach taken by Michael Saylor’s MicroStrategy, which has accumulated 592,100 BTC and remains the sector’s benchmark. The arithmetic behind Semler’s goal is challenging, as acquiring 100,551 additional coins at a constant BTC price of $105,000 would require approximately $10.6 billion, more than 200 times Semler’s trailing-twelve-month revenue.

Semler Scientific’s plan to accumulate 105,000 BTC would position it as the second-largest corporate holder of BTC, surpassing its current 14th position. Currently, 130 listed firms hold a combined 832,597 BTC, representing 3.96 percent of the eventual 21-million-coin supply. Other notable corporate holders include Metaplanet in Japan, Block, and Tesla in the United States, all of which have resumed steady accumulation of Bitcoin.