Semler Scientific’s Bitcoin Holdings Valued Near Cost, Net Asset Value Multiple Only 1.07
On June 18, it was reported that the valuation of Semler Scientific's Bitcoin holdings is nearly equal to its acquisition cost, with an mNAV (multiple of net asset value) of only 1.07. This indicates that the company's enterprise value of $498.5 million is only slightly higher than the $466 million worth of its 4,449 Bitcoins. Matthew Sigel, Head of Digital Asset Research at VanEck, noted that many Bitcoin reserve companies may face similar pressures in the coming quarters.
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