And so, dear reader, the grand farce of corporate Bitcoin accumulation continues to unfold. Semler Scientific, a California-based healthcare-technology firm, has declared its intention to amass a staggering 105,000 BTC within the next three years. One cannot help but wonder if this is a case of fiscal prudence or sheer folly. 🤔
The company’s plan, spearheaded by its newly appointed director of Bitcoin strategy, Joe Burnett, is nothing if not ambitious. By December 2025, Semler aims to own at least 10,000 BTC; by the end of 2026, 42,000 BTC; and by 2028, the full 105,000 BTC. The total value of this treasure trove? A mere $11 billion at today’s prices. 💸
But, alas, Semler is not alone in this wild goose chase. The company is merely the latest participant in a frenzied game of corporate Bitcoin accumulation. According to Bitcoin Treasuries, 130 listed firms now hold a combined 832,597 BTC, or 3.96 percent of the eventual 21-million-coin supply. 📈
Semler’s chairman, Eric Semler, waxed poetic about the company’s Bitcoin strategy, saying, “We are excited to have Joe join our Bitcoin strategy team and help drive our three-year plan to own 105,000 Bitcoins.” One wonders if Mr. Semler has considered the arithmetic behind this goal, which is, to put it mildly, punishingly steep. 📊
At a constant BTC price of $105,000, acquiring 100,551 additional coins would require roughly $10.6 billion—equal to more than 200 times Semler’s trailing-twelve-month revenue. A daunting task, indeed. 🤑
And yet, despite the challenges ahead, Semler remains undeterred. The company will finance its Bitcoin blitz with a blend of operating cash flow, fresh equity, and convertible-debt issuance—a tactic honed over the past year via its $500 million ATM program. 💸
As the great Bitcoin accumulation war heats up, one cannot help but wonder who will emerge victorious. Will it be Semler Scientific, with its ambitious 105,000-BTC goal? Or will it be another contender, such as Metaplanet, which is chasing 210,000 BTC? Only time will tell. 🕰️
At press time, BTC traded at $104,326. 📊
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2025-06-20 16:13