Semler Scientific Goes Full Bull: Declares War on Bitcoin FOMO with 105,000 BTC Accumulation Target
Wall Street meets crypto maximalism as Semler Scientific drops a nuclear bid on Bitcoin accumulation. The healthcare-turned-digital-asset juggernaut isn't playing defense—they're building a 105,000 BTC war chest.
Why hoard gold when you can corner the orange coin market?
The move reeks of either genius or desperation—take your pick. While traditional finance scrambles to price in ETF flows, Semler's going straight for the blockchain jugular. No drip-feeding, no dollar-cost averaging. Just cold, hard satoshis.
Funny how a 'speculative asset' suddenly looks strategic when you're sitting on nine figures of dry powder. Maybe those corporate treasury meetings got more interesting after the third martini.
Bitcoin Corporate Accumulation War Heats Up
The escalation builds on a frenetic 13-month buying campaign that has left Semler holding 4,449 BTC accumulated at an average cost of $92,158 per coin. The company disclosed those figures in early June after purchasing an additional 185 BTC for $20 million through its at-the-market (ATM) share-sale program. News of the aggressive new targets sent SMLR shares 12 percent higher in early Friday trade, briefly reversing a bruising year-to-date slide that had left the stock down more than 50 percent.
“We are excited to have Joe join our bitcoin strategy team and help drive our three-year plan to own 105,000 Bitcoins,” chairman Eric Semler said in the press statement. “Since adopting the Bitcoin Standard, we have achieved approximately 287 percent BTC yield and a $177 million unrealized gain through June 3.” Burnett, whose résumé spans market-research roles at Unchained and Blockware Solutions, framed the campaign in epochal terms: “We are witnessing the global monetization of Bitcoin as a superior form of money… Semler Scientific is determined to build one of the largest corporate Bitcoin treasuries in the world.”
Semler says it will finance the blitz with a blend of operating cash flow, fresh equity and convertible-debt issuance—a tactic honed over the past year via the $500 million ATM program that has already raised $136 million. That structure mirrors the playbook pioneered by Michael Saylor’s MicroStrategy, now renamed Strategy, whose 592,100-BTC trove remains the sector’s benchmark.
The arithmetic behind Semler’s goal is punishingly steep. At a constant BTC price of $105,000, acquiring 100,551 additional coins would require roughly $10.6 billion—equal to more than 200 times Semler’s trailing-twelve-month revenue.
According to Bitcoin Treasuries, 130 listed firms now sit on a combined 832,597 BTC, or 3.96 percent of the eventual 21-million-coin supply. In Japan, Metaplanet is chasing 210,000 BTC; in the United States, Block and Tesla have resumed steady accumulation. Semler’s 105,000-BTC ambition would catapult it from its current 14th position to the second-largest corporate holder of BTC.
At press time, BTC traded at $104,326.
