Metaplanet and Semler Scientific Rebound with Bitcoin

In Brief:

Executives from Metaplanet and Semler Scientific credit MicroStrategy's Bitcoin strategy for their companies' revival from "zombie" status.

Both firms experienced significant stock price increases after adopting Bitcoin, despite some volatility in their Bitcoin investments.

Bitcoin Strategy Inspired by MicroStrategy
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Executives at Metaplanet and Semler Scientific have revealed that adopting MicroStrategy’s Bitcoin playbook has helped their companies emerge from "zombie" status, leading to significant stock price increases.

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Speaking at the Bitcoin Conference in Nashville on July 25, Semler Scientific’s chairman Eric Semsler explained that their stock was underperforming despite being cash-rich. This realization led them to follow MicroStrategy’s approach, which involved using their cash reserves to invest in Bitcoin.

Rising Stock Prices and New Shareholder Base
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Since Semler Scientific's first Bitcoin purchase on May 28, its share price has risen by 40%, despite currently being down 3.6% on its Bitcoin investment.

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Metaplanet’s CEO Simon Gerovich shared a similar story, stating that his firm was also showing characteristics of a zombie company before embracing Bitcoin. Metaplanet’s stock price has surged by 980% since its first Bitcoin purchase on April 23.

Bitcoin's Impact on Financial Stability

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Gerovich noted that Bitcoin has strengthened Metaplanet’s balance sheet while reducing exposure to the depreciating Japanese yen.

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Both companies acknowledge the extreme volatility that comes with Bitcoin adoption but see it as an opportunity. Semler is hopeful that the increased liquidity could lead to their stock being traded in the options market, while Gerovich aims for Metaplanet to offer a convert issuance soon.

Credit to MicroStrategy

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Both executives credited MicroStrategy and its chairman Michael Saylor for paving the way for corporate adoption of Bitcoin.

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Gerovich emphasized that without MicroStrategy’s pioneering efforts, it would have been more challenging for other corporations to follow suit.