Semler Scientific Inc., a healthcare technology company, intends to significantly increase its Bitcoin holdings from 3,808 to 105,000 BTC over the next two and a half years. The company aims to acquire 10,000 BTC by the end of this year, followed by 42,000 BTC by 2026, and ultimately reach its target of 105,000 BTC by 2027. To achieve this, Semler will utilize equity, debt financing, and operational cash flow, and has appointed Joe Burnett as its new director of Bitcoin strategy. Burnett, who has a background in Bitcoin research and previously worked at EY, emphasized the growing trend of corporations integrating Bitcoin into their treasury strategies. Despite a 41% decline in Semler's stock this year, the company has reported a 287% yield on its Bitcoin investments, amounting to an unrealized gain of $177 million. As the trend of public companies investing in Bitcoin continues, Semler's strategy reflects a broader shift in corporate finance. Read more AI-generated news on: https://app.chaingpt.org/news

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