Appointment and Target: Joe Burnett Joins as Bitcoin Strategy Director with Ambitious Three-Year Plan
Semler Scientific, the second U.S. public company to adopt Bitcoin as its primary treasury reserve asset, has appointed Joe Burnett as Director of Bitcoin Strategy. The healthcare technology company also announced a clear Bitcoin accumulation roadmap: 10,000 BTC by end of 2025, 42,000 BTC by 2026, and 105,000 BTC by 2027. This move underscores Semler's deepening commitment to corporate Bitcoin treasury strategy.
Current Holdings and Performance: 4,449 BTC, 287% BTC Yield, and $177 Million in Gains
As of June 3, 2026, Semler recently acquired 185 Bitcoin between May 23 and June 3 for $20 million, bringing total holdings to 4,449 BTC, worth approximately $446.2 million at current prices. Chairman Eric Semler noted that since adopting the Bitcoin Standard in May 2024, the company has achieved roughly 287% BTC Yield and $177 million in BTC gains through June 3, 2025. Year-to-date BTC Yield stands at 26.7%. These figures demonstrate the significant value appreciation from the company's bitcoin treasury strategy.
Background of New Director: Institutional Bitcoin Adoption Expert
Joe Burnett previously served as Director of Market Research at Unchained, where he facilitated institutional Bitcoin adoption through collaborative custody solutions. He also was Head Analyst at Blockware Solutions, helping launch one of the largest Bitcoin mining platforms in the U.S. Burnett commented, 'We are witnessing the global monetization of Bitcoin as a superior form of money. The trend to adopt Bitcoin as part of corporate treasury is clearly accelerating. Semler Scientific, as the second U.S. public company to adopt the Bitcoin Standard, has been at the forefront of this movement.' Eric Semler praised Burnett as 'an analytical thought leader on Bitcoin and Bitcoin treasury companies.'
Funding Strategy: Equity, Debt, and Operating Cash Flow – $136.2 Million Raised
Semler funds its Bitcoin purchases through proceeds from equity and debt financings plus operational cash flows. Since launching its market offering program in April 2025, the company has raised approximately $136.2 million via stock sales. To date, Semler has acquired 4,449 Bitcoin for $410.0 million at an average price of $92,158 per Bitcoin. 'We continue to accretively grow our Bitcoin arsenal using operating cash flow and proceeds from debt and equity financings,' Semler stated. This diversified funding approach reflects a long-term commitment to the Bitcoin treasury strategy.