Semler Scientific plans to hold 105,000 Bitcoin by the end of 2027 under its updated treasury strategy.
On June 19, the California-based med tech firm announced that it would significantly expand its Bitcoin holdings over the next two and a half years, targeting 10,000 BTC by the end of 2025, 42,000 BTC by the end of 2026, and ultimately 105,000 BTC by 2027.
The purchases would be funded through a combination of equity and debt financing, along with operational cash flow.
Semler has also appointed Joe Burnett as director of Bitcoin strategy. Burnett, a long-time Bitcoin advocate and former market research director at Unchained, is tasked with steering the firm’s treasury expansion.