Like Microstrategy, the company Semler Scientific will now place its cash reserves in bitcoin.
Microstrategy is emulated
After the Japanese Metaplanet, a new multinational has just adopted Microstrategy's strategy which consists of converting its cash into bitcoins. The value of Semler Scientific's stock has since soared by nearly 40%.
Semler Scientific now holds 581 bitcoins worth a total of $40 million. A straw compared to Microstrategy's 214,000 BTC, but small rivers make big rivers.
“Our bitcoin treasury strategy is an expression of our belief that bitcoin is a reliable store of value as well as an attractive investment opportunity”, declared the president of the company listed on NASDAQ.
“Bitcoin is now a significant asset class worth over $1 trillion. We believe it has unique characteristics as an asset that exists in finite quantity. It can serve as a reasonable hedge against inflation and a safe haven in a context of global instability.
We also think its digital architecture makes it preferable to gold which weighs about 10 times heavier than bitcoin. Given this gap, we believe bitcoin has the potential to generate exceptional returns as it establishes itself as digital gold. »
This explanation is consistent with that of Metaplanet which chose to invest in bitcoin to “protect against the depreciation of the yen”. “As the yen continues to weaken, bitcoin offers a stateless store of value that could continue to appreciate against traditional currencies”we can read in its press release.
Eric Semler also justifies his decision by its “institutionalization”, as evidenced by the approval by the Securities and Exchange Commission of the 11 ETFs in January.
“These ETFs saw net inflows of over $13 billion, with investments coming from nearly 1,000 institutions, including systemic banks [Morgan Stanley] and pension funds. It is estimated that more than 10% of all bitcoins are now held by institutions »he added.
On this subject, don’t miss our article: Bitcoin ETF – The list of large institutional investors revealed!
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