5 hours ago
Semler Scientific (SMLR) has hired Joe Burnett to the recently created presumption of manager of Bitcoin strategy.
Alongside, the institution — which presently holds 4,449 bitcoin worthy astir $462 cardinal — announced a extremity of owning astatine slightest 10,000 bitcoin by the extremity of this year, 42,000 by year-end 2026 and 105,000 by year-end 2027.
"We are excited to person Joe articulation our Bitcoin strategy squad and assistance thrust our three-year-plan to ain 105,000 Bitcoins," said institution Chairman Eric Semler in a property release. "Joe is an analytical thought person connected Bitcoin and Bitcoin treasury companies. His expertise volition beryllium instrumental arsenic we prosecute our Bitcoin treasury strategy and purpose to present semipermanent worth to our stockholders."
"For implicit 7 years, [Joe] has publically been making the lawsuit for Bitcoin arsenic the world's astir precocious signifier of monetary technology," the merchandise continued. "He antecedently served arsenic manager of marketplace probe astatine Unchained, a Bitcoin-focused fiscal services company."
Investors, for now, are applauding the news, sending SMLR higher by 14% connected Friday adjacent arsenic bitcoin has dipped backmost beneath $104,000 and astir BTC-related stocks are trading successful the red.
Prior to today, though, it's been a unsmooth thrust for SMLR, which remains little by 33% year-to-date and much than 50% disconnected its 2025 precocious supra $80. The crisp stock terms diminution has near the company's marketplace capitalization astatine oregon beneath the worth of the bitcoin connected its equilibrium expanse — frankincense taking disconnected the array the quality to accretively rise wealth for much BTC purchases done communal stock sales.
The hiring of Burnett and lofty BTC acquisition goals suggests Semler is apt to get originative with superior raising plans, possibly — successful akin manner to Michael Saylor's Strategy — turning to the preferred stock market.
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