Semler Scientific Aims to Become Top 10 Bitcoin Holders
The U.S. healthcare technology company, Semler Scientific, announced its plan to significantly expand its Bitcoin (BTC) holdings, targeting the position of one of the largest institutional holders in the world.
Semler Scientific currently possesses around 4,449 BTC. The company’s ambitious goal is to grow this portfolio to 105,000 BTC by the end of 2027.
Accelerated Addition to a Growing Trend
Semler joins an increasing number of publicly traded companies diversifying their treasuries with Bitcoin. Following MicroStrategy, which holds the largest amount of Bitcoin among all public companies, Semler is positioning itself at the forefront of corporate Bitcoin adoption.
Indexed Timeline and Funding
The company’s Bitcoin accumulation plan follows a phased approach:
- 10,000 BTC by year-end 2025
- 42,000 BTC by end of 2026
- 105,000 BTC by end of 2027
Funding for this expenditure will draw from a mix of equity offerings, debt financing, and operational cash flow.
Management Optimism
In a statement released after the market close, Eric Semler, the company’s chairman, revealed:
“Since adopting the Bitcoin standard, we have achieved approximately 287% BTC Yield and a $177 million BTC Gain through June 3, 2025,” Semler stated.
“With a strong team in place and a growing connection with the Bitcoin community, we are poised to accelerate our Bitcoin accumulation strategy,” he added.
Semler began accumulating Bitcoin in May 2024, viewing it as a strategic reserve asset. Its current holdings are valued at approximately $462 million.
Currently ranked as the 14th largest corporate holder of Bitcoin.
Source: BitcoinTreasuries
Strategic Leadership Appointment
To guide this strategic shift, Semler has appointed Joe Burnett as Director of Bitcoin Strategy.
Burnett brings significant expertise from previous roles at Unchained, Blockware Solutions, and Ernst & Young (EY), as noted by Chairman Semler.
“Joe is an analytical thought leader on Bitcoin and Bitcoin treasury companies. His expertise will be instrumental as we pursue our Bitcoin treasury strategy and aim to deliver long-term value to our stockholders,” Semler stated.
Semler further commented on the accelerating trend:
“The trend to adopt Bitcoin as part of corporate treasury is clearly accelerating. Bitcoin is the world’s most advanced form of monetary technology.”
Market Reaction and Challenges
The market reacted positively to the announcement, with Semler Scientific’s stock price increasing 14% despite a concurrent decline in the Bitcoin price.
However, Semler Scientific’s stock has experienced significant volatility throughout the year. Cumulative year-to-date, the stock is down over 30%, and since hitting its 2025 highs, it has retreated more than 50%.
Chart depicting Semler Scientific’s stock performance — TradingView
Analysts are cautioning that the substantial decline in stock value could complicate the company’s ability to raise capital via public offerings if the stock price approaches the company’s asset value, potentially limiting its capacity to fund the ambitious Bitcoin purchase program.
Matthew Sigel, a digital assets researcher at VanEck, suggested that companies like Semler may need to adjust their Bitcoin purchasing strategy if their stock valuation nears net asset value, as using large, at-the-market programs could potentially dilute shareholder value if execution impacts financing capabilities.
