The remarkable story of the 2021 bull market was characterized by large venture capital firms making high-risk investments in cryptocurrencies. Companies like 3AC fueled a powerful bull market by borrowing against their assets to pour billions into altcoins. In the current cycle, numerous publicly traded companies are entering the crypto space through borrowing. We will potentially witness hundreds, if not thousands, of companies making investments on a scale similar to 3AC.
Semler Scientific’s Bold Crypto Strategy
Michael Saylor’s company, Strategy (formerly known as MicroStrategy), acquired tens of billions of dollars in Bitcoin 
$102,775. Alone, it surpassed the crypto investments of all 3AC-like companies in 2021. A considerable number of publicly traded companies are following Saylor’s strategy, with expectations that the number may reach 600-700 by the end of the next year. Just within a year, 600 companies establishing Bitcoin and altcoin reserves suggest a new investment influx of 50-100 billion dollars. Notably, Semler Scientific aims to increase its holdings to 105,000 BTC by acquiring an additional 95,000 BTC by 2027.
Today, Semler Scientific announced the appointment of Joe Burnett as Bitcoin strategy director. The company plans to utilize proceeds from stock and debt financing and operational income to reach a 10,000 BTC reserve by the end of the year. Their targets are set at 42,000 BTC by the end of 2026 and 105,000 BTC by the end of 2027.
Eric Semler, Chairman of Semler Scientific’s Board, expressed excitement about Joe’s contribution towards achieving their goal of owning 105,000 Bitcoin.
Joe Burnett is recognized as an analytical thought leader on Bitcoin and Bitcoin treasury companies. His expertise is crucial as they aim to continue their Bitcoin treasury strategy while delivering long-term value to shareholders. Semler Scientific announced its Bitcoin treasury strategy in May 2024, and Eric Semler shared satisfaction with the progress to date. Since adopting the Bitcoin Standard, they achieved approximately a 287% BTC return and 177 million dollars in BTC gains by June 3, 2025. With a strong team and increasing connections with the Bitcoin community, they are ready to accelerate their Bitcoin accumulation strategy.
The Future of Cryptocurrency
Currently, MicroStrategy holds 592,100 BTC, while BlackRock holds 670,437 BTC for its clients. Grayscale and Fidelity are among other major holders with substantial reserves. The total BTC held by governments and known companies is approximately 3.45 million, and the total reserve of ETFs and other funds is nearing 1.4 million BTC.
Excluding inactive supply, Nakamoto’s holdings, and lost supply, it is estimated that around 13 million BTC will remain in actual circulation by 2030. Most of this has been mined, with a significant portion remaining inactive. Out of this 13 million supply, 3.45 million are already stockpiled. Even without considering individual, professional investor holdings, and their long-term goals in exchanges and decentralized wallets, this indicates a significant supply scarcity.
The long-term growth expectation for Bitcoin price is fueled by increasing institutional acceptance and the massive launch of ETFs.
