Semler Scientific Inc. is pursuing an ambitious plan to grow its Bitcoin treasury, aiming for a total of 105,000 BTC by 2027. This goal would represent approximately 0.5% of Bitcoin’s finite supply of 21 million.

The company’s current holdings of 3,808 BTC must multiply nearly 28 times within two years.

Note: If you purchased Bitcoin on or before December 13, 2024, you are currently at a profit.

BTC is an IQ Test

The Strategy Behind the Bitcoin Treasury Push

Semler plans to achieve its ambitious Bitcoin goal through combinations of equity, debt financing, and cash flow from operations. Since starting its Bitcoin purchases in May 2024, Semler has positioned itself as a notable player in the corporate cryptocurrency sector and is currently the 13th largest public Bitcoin holder.

Joe Burnett, appointed director of Bitcoin strategy, is leading this drive.

Eric Semler, chairman of Semler, stated, “We are excited to have Joe join our Bitcoin strategy team and help drive our three-year plan to own 105,000 Bitcoins.”

Burnett highlighted the growing momentum of Bitcoin adoption and said, “We are determined to build one of the largest corporate Bitcoin treasuries in the world.”

The Bigger Picture of Corporate Bitcoin Adoption

Integrating Bitcoin into a corporate treasury is complex, especially as Semler’s stock price has declined nearly 41% this year, raising concerns about the viability of this strategy. Matthew Sigel, a crypto researcher at VanEck, cautioned that aggressive fund-raising for Bitcoin could dilute shareholder value if the stock prices fall close to net asset value.

Despite this, Semler’s announcement led to a 11.95% rise in SMLR shares, closing at $31.94, indicating a temporary positive response from investors.

As Semler joins a growing trend of companies prioritizing Bitcoin acquisitions—alongside major players like MicroStrategy—the belief in Bitcoin as a superior form of money is increasingly recognized.