Semler Scientific Trades Above Bitcoin Holdings for First Time Since June
Semler Scientific (SMLR) is trading at a premium to its bitcoin holdings for the first time in three weeks. Key points include:
- The premium, measured by multiple net asset value (mNAV), is 1.149, above parity for the first time since June 5.
- Current market cap is $550 million, compared to bitcoin holdings valued at $477.8 million.
- Semler has not increased its bitcoin position since June 3; it holds 4,449 BTC, below its target of at least 10,000 coins by year-end.
- Investors are valuing Semler slightly above its bitcoin assets, suggesting potential undervaluation of its health care and biotech business contributions.