Health technology company Semler Scientific (SMLR) held 5,021 bitcoins as of July 31, about $585 million at current market prices. Its net profit of $66.90 million came entirely from bitcoin-related earnings ($83.80 million in unrealized bitcoin gains).
Benchmark analysts maintained their "buy" rating and $121 price target on Semler, noting that although the company's main diagnostic business is weighed down by health insurance policies, its "slow money" bitcoin buying strategy has long-term potential. Joe Burnett, Semler's new bitcoin strategy director, said the company is gradually increasing its holdings through cash flow, low-cost debt and limited additional issuance. The goal is to hold 10,000 bitcoins by the end of 2025, 42,000 by the end of 2026, and 105,000 by the end of 2027.
In addition, Semler is expanding its SaaS business, CardioVanta, to achieve stable cash flow to support future bitcoin holdings. Although the stock price has fallen by nearly 40% this year, Benchmark believes the current valuation does not reflect the upside potential of its bitcoin strategy.
Semler Scientific plans to hold 10,000 bitcoins before the end of the year, and the slow-pace buying strategy is favored by analysts
2025-08-05 21:00:22
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