Health tech company Semler Scientific has announced that they wants to increase its bitcoin reserves from 3,800 BTC to 105,000 BTC by 2027. That’s a 28 times increase from current levels.

Semler Scientific Aims for 105,000 Bitcoin by 2027

The company plans to:

  • 10,000 Bitcoins by the end of 2024,
  • 42,000 Bitcoins by the end of 2026,
  • And keep 105,000 bitcoins in their treasury until the end of 2027.

The investment will be made through shares, debt financing and operational cash flow. Semler has also appointed a new Director of Bitcoin Strategy to lead the strategy.

Joe Burnett Appointed as Director of Bitcoin Strategy

The company has also announced that it has appointed renowned Bitcoin researcher Joe Burnett to lead the strategy. Burnett has served in key positions at organizations such as Unchained and Blockware Solutions in the past. He said:

“The trend of adopting Bitcoin as part of corporate treasury is clearly accelerating. ”

Semler’s Current Bitcoin Holdings and Market Rank

The company bought Bitcoin for the first time in May 2024. So far, she has bought 3,808 bitcoins, making her the 13th-largest publicly traded bitcoin holding company in the world.

If the company reaches 105,000 bitcoins, it will keep 0.5% of the limited 21 million supply of bitcoin.

Potential Risks Highlighted by VanEck Analyst

Matthew Sigel, a crypto researcher at VanEck, warns that this policy of buying bitcoin can be counterproductive if the company’s share price goes down. They say that if the share value approaches the net asset value (NAV), then issuing more shares can surely reduce the value of the shareholders.

Semler’s share price is down about 41% this year, and it’s hitting that level again. When the company started buying bitcoins.

Massive Gains on Bitcoin Investments So Far

According to the company, as of June 3, Semler had a 287% profit on Bitcoin and an unrealized gain of 77 million.

Moreover, the Semler company ranks fourth among 130 companies in terms of shares (bitcoin per share), where 0.00034 bitcoin is associated with each share. That is, the shareholders of the Semler have more exposure to Bitcoin directly.