{"id":33800,"date":"2025-06-26T09:17:10","date_gmt":"2025-06-26T09:17:10","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=33800"},"modified":"2025-06-26T09:17:10","modified_gmt":"2025-06-26T09:17:10","slug":"semler-scientific-trades-at-premium-to-bitcoin-holdings-for-first-time-in-three-weeks","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=33800","title":{"rendered":"Semler Scientific Trades at Premium to Bitcoin Holdings for First Time in Three Weeks"},"content":{"rendered":"<div>\n<p>Semler Scientific (SMLR) is now trading at a premium to its bitcoin BTC holdings for the first time in three weeks, a signal the company may soon buy more of the largest cryptocurrency by market value.<\/p>\n<p>The premium, measured by the <a href=\"https:\/\/strategytracker.com\/smlr?charts=bitcoin-price%2Cperformance-nav-premium%2Ccost-basis%2Creserve-chart&amp;timeRange=year\">multiple net asset value (mNAV)<\/a>, is 1.149, the first time it&#8217;s been above parity since June 5.  The metric compares the company\u2019s market cap, currently $550 million, to the value of its bitcoin holdings, $477.8 million. It has become a popular way of gauging whether a company is trading at a premium or discount to its bitcoin assets. <\/p>\n<p>The move matters because, historically, Semler has added to its bitcoin position only when it&#8217;s been able to buy more BTC without issuing new shares at a discount, thereby avoiding a reduction in existing shareholders\u2019 ownership value. It hasn&#8217;t bought any since June 3 and its current holding of  4,449 BTC leaves it well short of its <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/06\/20\/semler-scientific-investors-cheered-by-new-hire-lofty-bitcoin-acquisition-goals\">year-end target<\/a> of at least 10,000 coins.<\/p>\n<p>Still, the mNav level suggests investors are valuing the 15th-largest bitcoin treasury company only slightly above its bitcoin holdings. That&#8217;s not enough to fully account for the value of its operating business, implying they may be pricing in the bitcoin upside while discounting or overlooking the contribution of Semler&#8217;s health care and biotech activities.<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Semler Scientific (SMLR) is now trading at a premium to its bitcoin BTC holdings for the first time in three weeks, a signal the company may soon buy more of the largest cryptocurrency by market value. The premium, measured by the multiple net asset value (mNAV), is 1.149, the first time it&#8217;s been above parity [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-33800","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/33800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33800"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/33800\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}