Semler Scientific sets ambitious goals for Bitcoin reserves by 2025
AI Summary
According to PANews, Semler Scientific, a publicly traded company in the USA, has appointed Joe Burnett as the Director of Bitcoin Strategy. The company outlined ambitious goals for its Bitcoin reserves over the next three years. By the end of 2025, Semler Scientific plans to hold no less than 10,000 Bitcoin, increasing this number to 42,000 by the end of 2026, and reaching 105,000 by the end of 2027. The company intends to achieve these goals through equity, debt financing, and operational cash flow.
Eric Semler, the chairman of Semler Scientific, expressed confidence that Burnett's appointment will support the company's long-term strategy regarding Bitcoin. After adopting Bitcoin as a primary reserve asset in 2024, Semler Scientific achieved approximately 287% return on its Bitcoin investments, resulting in a profit of 177 million dollars on the balance sheet.