Semler Scientific Hires Joe Burnett as Director of Bitcoin Strategy
Semler Scientific (SMLR) appointed Joe Burnett as the director of Bitcoin strategy. The company currently holds 4,449 bitcoin valued at approximately $462 million. Key acquisition goals include:
- 10,000 bitcoin by year-end 2023
- 42,000 bitcoin by year-end 2026
- 105,000 bitcoin by year-end 2027
Burnett previously served as director of market research at Unchained and has advocated for Bitcoin for over seven years. Following the announcement, SMLR shares rose by 14%, despite Bitcoin dipping below $104,000.
SMLR is currently down 33% year-to-date and over 50% from its 2025 high above $80. The company's market capitalization matches the value of its Bitcoin holdings, limiting options for raising additional capital through common share sales. The hiring of Burnett indicates potential innovative capital-raising strategies ahead.