Semler Scientific Hires Joe Burnett as Director of Bitcoin Strategy

1 min

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.