Semler Scientific Targets 105,000 BTC by 2027, Hires Joe Burnett as Bitcoin Strategy Director

Semler Scientific (NASDAQ: SMLR) has appointed Joe Burnett to the newly created role of Director of Bitcoin Strategy, signaling a bold expansion of its crypto treasury plan. The company, which currently holds 4,449 bitcoin valued at approximately $462 million, has unveiled an ambitious roadmap to accumulate 10,000 BTC by the end of 2025, 42,000 by 2026, and a total of 105,000 BTC by 2027.

Chairman Eric Semler praised Burnett’s appointment, stating that his deep expertise in Bitcoin and treasury strategies will be key to executing the company's three-year Bitcoin accumulation plan. Burnett, formerly Director of Market Research at Bitcoin-native financial services firm Unchained, has been a public advocate for Bitcoin as a superior form of monetary technology for over seven years.

The market responded positively to the announcement, with SMLR stock surging 14% on Friday despite a broader dip in Bitcoin prices and weakness in crypto-linked equities. Still, the stock remains down 33% year-to-date and over 50% off its 2025 peak above $80 per share.

Semler's market cap now closely mirrors the value of the company’s Bitcoin holdings, limiting its ability to raise capital through traditional equity sales. Analysts speculate that Semler could follow a path similar to MicroStrategy, leveraging preferred shares or alternative financing to fund future Bitcoin purchases.

Semler Scientific's aggressive Bitcoin strategy places it among a growing list of public companies deeply committed to crypto treasury investments, as institutional interest in digital assets continues to rise amid long-term inflation and macroeconomic uncertainty.