“The Bitcoin Treasury Company’s Market Cap Has Tumbled Below The Value of Its BTC Holdings.”, – WRITE: www.coindesk.com
The Company’s Premium to ITS Net Asset Value (NAV), Onthen Referred to As Multiple-to-Nav (MNAV), HAS DROPped Below 1x. On a Basic Share Count Basis, ITS Market Cap Sits at Approximately $ 420 Million Compared to Bitcoin Holdings VALUED AROUND $ 491 Million (4.449 BTC) Strategy-tracker.
The MNAV BEING 1.0 is Crucial as Semler’s Main Mechanism for Accompumulating Bitcoin Is To Raise Capital Via Share Sales. However, for the Share Sale Strategy to Be Accretive to Shareholders, The Stock Must Trade at At a Premium to the Value of the Company’s Bitcoin Holdings. With the share price at or blow nav, Issuing New Shares would dilute existing shareholders without adding propocturement Value, Effectiely Halting The Company’s Abality to Pursue Further Bitcor Bitcor Bitcor. Strategy.
Bitcoin Bull Tom Lee, Head of Research at Fundstrat, However, Views Semler Scientific As An Opportunity in His Firm’s “Granny Shot” Research Portfolio. Granny Shot Refers to an Unconventional Way of Shooting Free Throws in Basketball and Fundstrat’s Granny Shot (Grny) Portfolio is Meant to Emphasize the Firm.
In addition to his professional endeavors, James Serves as an Advisor to Coinsilium, A UK Publicly Traded Company, WHERE HE PROVides Guidance on Their Bitcoin Treasury Strategy. He Also Holds Investments in Bitcoin and Strategy (MSTR).
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