Keep up with micro-strategy and embrace Bitcoin! The rebirth of Metaplanet and SemlerScientific

This site (120bTC.coM): This year, two companies that were once called "zombie companies": Japanese hotel industry Metaplanet and American health technology company Semler Scientific, because they adopted MicroStrategy (micro strategy) Bitcoin Strategy, the stock price rose sharply, and gradually got out of trouble. Executives from these companies shared their transformation experiences at Bitcoin 2024, a Bitcoin conference in Tennessee.

Keep up with “micro-strategy” and adopt Bitcoin strategies to get rid of zombie companies

Zombie companies are those companies that have just enough revenue to maintain operations and repay debt, but no excess capital to promote growth, and are often close to bankruptcy; these two The company realized that its operations seemed to be unsatisfactory, and Bitcoin changed their destiny.

American health technology company Semler Scientific: The stock has regained focus

Executives of Metaplanet and Semler Scientific said that MicroStrategy’s Bitcoin strategy inspired them to decide to follow this path and get rid of the “zombie” state. Eric Semsler, chairman of Semler Scientific, said: "We heard Michael Saylor talk about zombie companies and realized that we might be one of those companies because we were not getting any attention in the stock market and the stock was underperforming, but we were still flush with cash. . ”

Semler Scientific Since its first Bitcoin purchase on May 28, Semler Scientific’s stock price has risen by 40%, and its Bitcoin position has lost 1.83% as of press time.

Japanese hotel industry Metaplanet: Reduce the risk of yen depreciation

Simon Gerovich, CEO of Metaplanet, said that his company also showed the characteristics of a zombie company before fully accepting Bitcoin.

"I was cleaning up the balance sheet, laying off employees, paying down debt, and essentially putting us in what Michael Saylor would call a 'zombie company looking for business,'" Gerovich recalled of his early difficulties at Metaplanet.

But the Japanese investment firm finally realized that Bitcoin could strengthen its balance sheet while reducing its exposure to the rapidly depreciating yen: “We realize that Bitcoin is the top monetary asset that our treasury should invest in Owned. We then set a goal to buy as much Bitcoin as possible in the future." Metaplanet's Bitcoin investments have also declined slightly since making its first Bitcoin purchase on April 23, but the company's stock price has since declined. It has soared 980% since then.

Embracing Bitcoin’s Volatility

Both Semler Scientific and Metaplanet say they are embracing the extreme volatility that comes with Bitcoin. "It's a completely different shareholder base than we had before, and the volume creates opportunities," Semsler said.

Semler Scientific hopes the increased liquidity will allow its shares to trade on the options market in the near future, while Gerovich hopes this will soon allow Metaplanet to offer a convertible offering.

MicroStrategy makes a lot of sense for enterprise adoption

Without MicroStrategy and Michael Saylor, this path would not have been as smooth, Gerovich added. "MicroStrategy should be thanked for blazing a path over the past four years. It's very inspiring. If it weren't for the work they've done, I think it would be much harder for global companies to follow that path now."

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