Bitcoin Treasury Merger: A New Era?

Strive just bought Semler Scientific in a groundbreaking all-stock deal, creating the first-ever merger of Bitcoin treasury companies! Together, they control over 10,900 Bitcoin, but this deal is raising eyebrows about how we value these crypto-holding firms. Is mNAV, the standard valuation metric, flawed? An NYDIG expert argues it ignores other business operations and messy convertible debt, potentially undervaluing these companies. With Bitcoin treasury firms holding over one million Bitcoin and many trading below mNAV, could this acquisition trigger a wave of mergers? Hosted on Acast. See acast.com/privacy for more information.