NASDAQ-registered healthcare technology company Semler Scientific was rated for a thin razor premium compared to Bitcoin Holdings on Tuesday. Website.
The company's MNAV, or assets, has recently been valued at 1.07. That is, the company's $498.5 million corporate value (which has increased Semler's market capitalization, liabilities and cash balance) has grown slightly to $466 million, which is 4,449 Bitcoin.
Matthew Sigel, head of digital asset research at Vaneck, said Decryption “Semler is currently in a position where many Bitcoin finance companies may find themselves in the upcoming quarter. They are facing pressure to trade near the NAV and demonstrate capital discipline.”
Decryption I contacted Semler for additional comments.
Bitcoin treasury companies like Semler are trying to maximize shareholder value by increasing the amount of Bitcoin per share. If your company's MNAV falls below one, you will not be able to increase Bitcoin per share by selling stocks and using your revenue to buy Bitcoin.
When Semler announced its latest Bitcoin purchase this month, the company said Regulation submission It recently acquired 185 Bitcoin for $20 million. Semler also shows that it can sell $364 million worth of common stock through its market delivery program or ATM delivery program.
In a recent interview with DecryptionBen Werkman, chief investment officer of financial services company Swan Bitcoin; I explained it Discounts can surprise investors at Bitcoin finance companies if they suspect that the company is no longer able to raise funds in ways that would benefit shareholders.
“The company has several strategic levers that can be pulled to stabilize its value,” Sigel said. “If management prioritizes shareholders, I think risk/reward at the current level is preferred.”
X, previously Twitter, Sigel I said Bitcoin finance companies can adopt safeguards, including suspending “ATM issuance if the shares fall below 0.95 times (net asset value) for more than 10 days or more trading days,” and prioritize “buyback when BTC is valued” among other options.
Over the past few months, MNAV has become a popular indicator for comparing Bitcoin finance companies as everyone from cannabis growers to asset managers have seized this trend. However, Semler is not a relatively new face and will buy his first Bitcoin in May last year.
April, Semler I said A provisional $30 million settlement has been reached with the US Department of Justice to resolve allegations of federal prevention law violations related to Quantaflo product marketing. Tuesday, Rosen Law Firm, the global investor rights law firm; I said Start an investigation into potential securities claims on behalf of shareholders.
Semler's share price fell 6.5% on Tuesday to $28.30. Yahoo Finance. The company has the 10th largest Bitcoin Treasury Department in dollar value, just behind video game retailer GameStop. Bitcoin Treasures.
Shigeru It's attracting attention The “greater legacy business issues” could be weighing Semler's MNAV along with small market capitalization, low liquidity and limited convertible debt issuance.
Some analysts warn that companies could force them to sell Bitcoin if Bitcoin prices fall below a certain level. Buying pressure this year.
Edited by James Rubin
