Semler Scientific Plans 105,000 Bitcoin Accumulation by 2027

Semler Scientific, a healthcare technology firm listed on the Nasdaq, has unveiled an ambitious plan to substantially increase its Bitcoin holdings. The company aims to accumulate 10,000 Bitcoins by the end of 2025, 42,000 by the end of 2026, and a total of 105,000 Bitcoins by the end of 2027. This aggressive strategy is part of a broader trend among public companies adding Bitcoin to their treasuries, with at least 26 companies having done so in the past month.

To achieve this goal, Semler Scientific would require approximately $11 billion in financing. If the company successfully completes this purchase, it would own approximately 2% of the total Bitcoin supply. However, when accounting for missing Bitcoins, the actual percentage of the total Bitcoin supply that the company owns could be significantly higher.

The company's recent acquisition of 185 Bitcoins for $20 million has brought its total holdings to 4,449 BTC. This purchase was funded through a series of convertible bond issues and share warrant conversions, demonstrating the firm's commitment to leveraging debt to expand its Bitcoin reserves. The average price paid for these Bitcoins was approximately $98,267 per coin, reflecting the company's confidence in the long-term value of Bitcoin.

Semler Scientific's strategy is not without risks. Some industry voices caution that heavy Bitcoin borrowing can be risky if prices tumble. However, the company's aggressive accumulation of coins suggests a strong belief in the potential for significant returns. The firm's Bitcoin yield, defined as the ratio of total BTC held to fully diluted shares outstanding, has surged to roughly 1,173% year-to-date, highlighting the extraordinary gains on its crypto position.

The company's plan to hold 105,000 Bitcoins by the end of 2027 is a bold move that could potentially reshape its financial landscape. This strategy, while ambitious, aligns with the growing institutional appetite for corporate Bitcoin exposure. The firm's recent moves underscore its commitment to becoming a major player in the Bitcoin market, leveraging debt to fund its acquisitions and positioning itself for potential future gains.