Semler Scientific has appointed Joe Burnett as director of Bitcoin Strategy, targeting 105,000 BTC by 2027

Semler Scientific, the second public company in the United States, has adopted Bitcoin as its main Treasury protection asset, appointed Joe Burnett as director of Bitcoin Strategy, and announced plans to accumulate Bitcoin. Healthcare Technology Company holds 10,000 Bitcoins by the end of 2025, 42,000 by 2026 and 105,000 by 2027.

This announcement comes as Semler continues to expand Bitcoin Holdings. The company recently acquired 185 Bitcoin for $20 million between May 23 and June 3, bringing total holdings to 4,449 BTC, worth around $446.2 million at its current price.

“We look forward to Joe joining the Bitcoin Strategy Team and driving his three-year plan to own 105,000 Bitcoin,” said Eric Semler, chairman of Semler Scientific. “Joe is an analytical thought leader in Bitcoin and Bitcoin finance companies. His expertise contributes as he pursues Bitcoin financial strategies and aims to provide long-term value to shareholders.”

Since adopting the Bitcoin standard in May 2024, Semler “has achieved a BTC yield of approximately 287% and a BTC $177 million by June 3, 2025,” Semler said. The company currently reports a BTC yield from the start of the year of 26.7%.

As former market research director for Unchained, Burnett helped support the adoption of Bitcoin on the system by providing joint custody solutions. He previously served as head analyst for Blockware Solutions, helping to launch one of the largest Bitcoin mining platforms in the United States.

“We are witnessing global monetization as a great form of money in Bitcoin,” Burnett said. “The trend to adopt Bitcoin as part of the Corporate Treasury has clearly accelerated. SemlerScientific is at the forefront of the movement as the second public US company to adopt the Bitcoin standard.”

Semler’s Bitcoin strategy includes using revenue from equity and debt financing and operational cash flows. Since launching its market offering program in April 2025, the company has raised approximately $136.2 million through stock sales.

The company acquired 4,449 Bitcoin for $40 million with an average price of $92,158 per Bitcoin. “We continue to use our operating cash flow to increase Bitcoin Arsenal, increasing revenue from debt and equity funding,” Semler said.