On a rather unremarkable Thursday, the Nasdaq-listed healthcare technology firm, Semler Scientific, decided to shake things up a bit. They announced the appointment of Joe Burnett as their new Director of Bitcoin Strategy. Yes, you heard that rightâBitcoin Strategy! It seems the digital gold rush has caught their attention, and theyâre ready to dive in headfirst.
In a move that can only be described as audacious, Semler has set its sights on accumulating a staggering 105,000 BTC by the end of 2027. How, you ask? Well, they plan to fund this ambitious endeavor through a delightful cocktail of equity and debt financings, mixed with a splash of cash flows from their operations. Because who doesnât love a good financial gamble? Their short-term goal is to hold 10,000 BTC by the end of 2025, and then ramp it up to 42,000 BTC by 2026. Talk about a rollercoaster ride!
âWe are witnessing the global monetization of Bitcoin as a superior form of money,â proclaimed Burnett, likely while wearing sunglasses indoors. âSemler Scientific is committed to massively growing its Bitcoin treasury in a highly accretive manner for stockholders, guided by a long-term conviction that Bitcoin is the ultimate long-duration asset to hold.â Ah, the sweet sound of corporate jargonâmusic to the ears of investors everywhere!
Burnettâs hiring is a clear signal that Semler is ready to embrace Bitcoin as a treasury reserve asset. This strategic shift echoes the moves of other publicly traded firms that have decided to treat Bitcoin as a hedge against monetary debasement. After all, who wouldnât want to establish one of the largest Bitcoin treasuries among corporate entities worldwide? Itâs like a treasure hunt, but with more spreadsheets and fewer pirates!
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2025-06-20 05:09