In summary:
- Metaplanet and Semler Scientific have revitalized their finances by embracing Bitcoin.
- The price of Semler Scientific’s stock rose by 40% following its Bitcoin investment.
- Metaplanet’s share cost has risen over 980% since there to begin with Bitcoin acquisition.
In the field of finance, stories of company development are always interesting. Among these stories, the transformation of Metaplanet and Semler Scientific holds special significance. Metaplanet CEO and Semler Scientific President Eric Semler discussed at the Bitcoin Conference in Nashville on July 25 how the adoption of Bitcoin boosted their businesses.
Zombie Companies’ Resurrection
Metaplanet and Semler Scientific, known as “zombie companies,” were on the verge of bankruptcy and struggling to survive. Zombie businesses don’t have the money to expand; they only make enough to cover their bills.
Despite having massive cash reserves, Semler Scientific failed to generate much interest in the stock market. Their luck changed when they heard Michael Saylor of MicroStrategy talk about zombie companies. Saylor’s choice propelled Semler’s board, which picked to invest their budgetary saves in bitcoin. This well-thought-out decision resulted in a 40% increase in Semler Scientific’s stock price.
Reborn with Bitcoin
Metaplanet’s tale depicts a similar metamorphosis. CEO Simon Gerovich detailed the company’s struggle to remove debt and improve its financial sheet. Metaplanet’s fate changed when a Japanese investment business realized Bitcoin’s ability to bolster its balance sheet and alleviate the Japanese yen’s decline. Metaplanet’s stock cost has surged by 980% since making it to begin with Bitcoin exchange on April 23.
Although both businesses are cognizant of how erratic Bitcoin can be, they see this volatility as an advantage rather than a drawback. This new approach resulted in a new group of investors becoming interested in the companies, which also increased trading volumes. Metaplanet’s CEO, Gerovich, expressed anticipation for a convertible issue in the near future.
Motivation: MicroStrategy
The CEO thanked Michael Saylor and MicroStrategy, saying that their approach to Bitcoin served as inspiration. He argues that in the absence of Saylor’s pioneering efforts, it would have been much more challenging for other businesses to incorporate Bitcoin into their treasuries.
The tales from Metaplanet and Semler Scientific show that Bitcoin is a powerful products that can guide financial strategy in addition to being an investment tool. These success stories demonstrate the potential impact of Bitcoin on the corporate sector.
