Semler Scientific Bets Big: 105K Bitcoin Acquisition Target by 2027 Sends Shares Soaring 12%

Wall Street meets crypto—Semler Scientific just placed a $5 billion-ish bet on Bitcoin, and traders are eating it up. The healthcare-turned-Bitcoin-enthusiast company saw its stock spike 12% after announcing plans to hoard 105,000 BTC by 2027. Who needs stethoscopes when you’ve got a laser-eyed hodl strategy?

From medical devices to maximalism

Semler’s pivot from blood pressure cuffs to Bitcoin vaults is either genius or desperation—take your pick. With institutional adoption creeping forward, they’re diving in headfirst, aiming to corner nearly 0.5% of Bitcoin’s total supply. Not bad for a firm that probably accepted checks two years ago.

Market reaction: Euphoria with a side of skepticism

The 12% stock jump screams ‘FOMO,’ but let’s see how shareholders feel when the next crypto winter hits. Meanwhile, Bitcoin maximalists are cheering, and gold bugs are… well, probably writing angry blog posts.

One thing’s clear: When traditional finance finally ‘gets’ Bitcoin, they don’t dip a toe—they cannonball. Whether that leaves Semler floating or sinking remains to be seen. (Spoiler: It’ll depend entirely on Bitcoin’s price. Thanks, genius.)

Semler Scientific already holds 4,449 Bitcoin in its stash and is the second U.S. publicly traded company to adopt Bitcoin as its primary treasury reserve asset.

Per the Thursday announcement, the firm aims to use proceeds from equity and debt financings and cash flows from operations.

Former Director at Unchained to Lead Semler Scientific’s BTC Strategy

Bitcoin research expert Joe Burnett recently told Cryptonews that BTC is “more scarce and portable than gold.” He has been publicly making the case for Bitcoin as the world’s most advanced FORM of monetary tech.

Burnett served as the director of market research at Unchained before joining Semler Scientific, contributing to helping institutional Bitcoin adoption by offering collaborative custody solutions.

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

“It’s time to build one of the most valuable companies in the world,” wrote Burnett on X.

It’s time to build one of the most valuable companies in the world.

Excited to join the team. Thank you @SemlerEric, @renaecormier, @natbrunell, and team for the opportunity! https://t.co/wM1uXjprb1

Corporate Bitcoin Holders Maintain Similar Goals

Semler Scientific’s aim to accumulate 10,000 Bitcoin by 2025 mirrors some of the leading Bitcoin holders’ strategy.

For instance, Japanese investment giant Metaplanet has similar plans to accumulate 10,000 BTC by this year and has already reached its target this month. The Tokyo-listed firm aims to amass 210,000 BTC by 2027, targeting 1% of Bitcoin’s total supply.

Early this month, Semler Scientific publicly announced it has increased its Bitcoin holdings, acquiring 185 Bitcoin between May 23 and June 3 for $20 million.

SMLR Stock Surges Nearly 12%

Following the ambitious BTC accumulation announcement on Thursday, stocks of Semler Scientific (SMLR) surged 11.95%, to $31.94 during after hours.

“We continue to accretively grow our bitcoin arsenal using operating cash FLOW and proceeds from debt and equity financings,” said Eric Semler in May, disclosing the company’s first quarter financial results.

Meanwhile, Bitcoin is currently trading at $104,507 at press time, registering a 24-hour loss of 0.77%, per CoinMarketCap.