Is Semler Scientific Flashing a Warning Sign for Bitcoin Treasury Firms?

Description

Nasdaq-listed healthcare technology firm Semler Scientific was valued at a razor-thin premium compared to its Bitcoin holdings on Tuesday, according to the company’s website.

Authors

André Beganski

Publish date

June 18, 2025

Publisher

Decrypt

Web URL

https://decrypt.co/325674/is-semler-scientific-flashing-a-warning-sign-for-bitcoin-treasury-firms

Referenced by

mNAV and Bitcoin treasuries can the strategy hold when the ratio breaks?

Crypto news

News story

Bitcoin treasury companies like Semler seek to maximize shareholder value by growing the amount of Bitcoin they own per share.

Crypto news

Quote

When a company's mNAV falls below one, it can no longer grow its Bitcoin per share by selling stock and using the proceeds to buy more Bitcoin.

Crypto news

Quote