MNAV of the Semler Scientific has climbed above 1 as BTC Treasury Premium Reemerges
Semler scientific (Smlr) is now trading at a premium on its bitcoin
Holding on the first time in three weeks, a signal the company could buy more than the largest cryptocurrency according to the market value.
The premium, measured by Multiple amount of net asset (MNAV). It has become a popular way of measuring whether a company is trading in a premium or discount on its bitcoin assets.
The move is important because, historically, Semler is added to the Bitcoin position only when managed to buy more BTC without releasing new shares in a discount, thereby avoiding a reduction in the existing amount of shareholders’ owner. It has not been purchased since June 3 and its current handling of 4,449 BTC has left it well with it Target end of the year of at least 10,000 coins.
However, the MNAV level suggests that investors appreciate the 15th-largest Bitcoin treasury company that is slightly more than its handling in Bitcoin. That is not enough to fully account for its operating business value, indicating that they may be pricing the reversal of Bitcoin while ignoring or overlooking the contribution of semler’s health care and biotech activities.
