Semler Scientific, a healthcare tech firm, has appointed Joe Burnett as director of Bitcoin treasury and also announced to boost its Bitcoin holdings to 10,000 by the end of this year, 42,000 by 2026 end and aims to hold 105,000 BTC by 2027 end.
The buying will be done using proceeds from equity and debt financing and cash flow from operations, as per the press release dated 19, 2025.
With these two major announcements, Semler Scientific Chairman Eric Semler said, “ We are excited to have Joe join our Bitcoin strategy team and help drive our three-year plan to own 105,000 Bitcoins.” He adds, “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.”
In an X post on June 20, 2025, Joe Burnett said, “ It’s time to build one of the most valuable companies in the world,” adding, “I’m Excited to join the team. Thank you, Eric Semler, Renae Cormier, and Natalie Burnell.”
It’s time to build one of the most valuable companies in the world.Excited to join the team. Thank you @SemlerEric, @renaecormier, @natbrunell, and team for the opportunity! https://t.co/wM1uXjprb1
— Joe Burnett, MSBA (@IIICapital) June 19, 2025
A brief of Semler Scientific Bitcoin holdings
Semler Scientific, Inc., a Nasdaq-listed company, adopted it as its treasury reserve asset in May last year and has since made several purchases. On May 28, 2024, it was reported that the company initially bought 581 Bitcoins for around $40 million.
On June 6, 2024, Semler Scientific bought 247 BTCs for $17 million cash, which brought its total holdings to 828 Bitcoins; in the same month, the company bought another 52 BTC.
In August 2024, the company bought Bitcoins for $5 million in cash, and the buying has continued to this day. As of this writing, it holds 4,449 BTC valued at $465 million, just below GameStop, which had 4,710 BTC in its balance.
Semler Scientific stock price overview
According to the data from TradingView, Semler Scientific (Nasdaq: SMLR) stock added 11.95% to its price in the last trading session, reaching $31.94; despite this bullishness, the prices are still below the 20, 50, 100, and 200-day exponential moving averages.
Source: TradingView
It is worth noting that despite a surge in intraday and weekly time frames, SMLR stock is down by 18.33% in a month and is roughly 42% in losses in the YTD frame.
Semler’s 9.02 million shares are free floating, and 2.13 million shares are closely held, with a market capitalization of $351.18 million.
In 2024, the revenue of Semler Scientific was $56.29 million, and the reported EPS was $5.13. For 2025, the estimated EPS is $2.28 and revenue of $56.50 million.
However, the reported revenue of the company in the 1st quarter was $8.84 million, net income was negative $64.70 million, and net margin was negative 723.24%.
