Semler Scientific is the second U.S. public company to adopt Bitcoin Joe Burnett, as director of Bitcoin Strategy and announcing an accumulation plan for Bitcoins as the primary asset in its treasury reserves. By 2025 the healthcare technology firm aims to have 10,000 Bitcoin, followed by 42,000 in 2026, then 105,000 by 2020.
It is important to note that the word “you” means “you”. announcement Semler has continued to increase its Bitcoin holdings. Semler recently purchased 185 Bitcoins between May 23rd and June 3rd for $20 million. This brings the company’s total Bitcoin holdings up to 4,449 BTC, worth $446.2 million.
“We are excited to have Joe join our Bitcoin strategy team and help drive our three-year-plan to own 105,000 Bitcoins,” You can also read about the importance of this in our article Eric Semler, chairman of Semler Scientific. “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.”
Semler’s Bitcoin Standard was adopted in May 2024. “achieved approximately 287% BTC Yield and a $177 million BTC $ Gain through June 3, 2025,” Semler noted. The current BTC yield for the company is 26.7%.
Burnett was the former director for market research of Unchained. He helped institutions adopt Bitcoin by offering collaborative custody solution. He was the former head analyst at Blockware Solutions.
“We are witnessing the global monetization of Bitcoin as a superior form of money,” Burnett, said “The trend to adopt Bitcoin as part of corporate treasury is clearly accelerating. Semler Scientific, as the 2nd U.S. public company to adopt the Bitcoin Standard, has been at the forefront of this movement.”
Semler uses the proceeds of equity and debt fundings, plus cash flow from operations to implement its Bitcoin strategy. In the first year of its program, Semler has sold approximately 136.2 million shares.
A total of 4,449 Bitcoins were purchased by the company for $410.0 Million, at an average cost of $92,158 each. “We continue to accretively grow our Bitcoin arsenal using operating cash flow and proceeds from debt and equity financings,” Semler stated.
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Source: bitcoinmagazine.com
