Semler Scientific (SMLR) has hired Joe Burnett with the newly created position of Bitcoin Strategy Director.
Together, the company, which currently has 4,449 Bitcoin worth approximately $ 462 million, announced the objective of having at least 10,000 bitcoin for the end of this year, 42,000 for the end of the year 2026 and 105,000 by the end of the year 2027.
“We are excited that Joe joins our Bitcoin strategy team and we help boost our three -year plan to own 105,000 bitcoins,” said the company’s president Eric Semler, in a press release. “Joe is a leader of analytical thought in Bitcoin and Bitcoin Treasury Companies. His experience will be instrumental as we warn our Bitcoin Treasury strategy and we intend to offer a long -term value to our shareholders.”
“For more than seven years, [Joe] He has been making the case publicly for Bitcoin as the most advanced form of monetary technology in the world, “the statement continued.” He previously served as Market Research Director at Unchained, a Bitcoin -centered financial services company. “
Investors, for now, applaud the news, sending higher SMLR in 14% on Friday even when Bitcoin has fallen below $ 104,000 and most of the BTC -related shares are quoted in red.
However, before today, it has been a difficult trip for SMLR, which remains lower by 33% in the year to date and more than 50% discount in its 2025 more than $ 80. The strong decrease in the price of the shares has left the company’s market capitalization at or below the value of the bitcoin in its balance common.
The hiring of Burnett and Lofty BTC’s acquisition objectives suggests that Semler is likely to become creative with capital collection plans, perhaps, similar to Michael Saylor’s strategy, resorting to the preferred shares market.
