Is Semler Scientific the Next Big Flop? You Won’t Believe What Tom Lee Thinks! 😱

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What to know:

  • Semler Scientific has taken a nosedive of nearly 50% this year, all while bitcoin is throwing a party with record highs. 🎉
  • SMLR is now trading at a mere 0.859x its bitcoin NAV, which means it can no longer issue shares to buy more bitcoin. Talk about a party pooper! 🥳
  • But wait! Fundstrat’s Tom Lee is still riding the bullish wave, dubbing Semler a “granny shot” in his research portfolio. Because who doesn’t love a good underdog story? 🏀

In a world where companies are adding bitcoin to their balance sheets like it’s the latest fashion trend, Semler Scientific (SMLR) has decided to take a different route—straight down! This medical tech firm, which thought it could pivot into a bitcoin treasury strategy, has seen its stock plummet nearly 50% in 2025. It’s almost as if they were trying to catch a falling star, but instead, they just caught a cold. ❄️

Now, let’s talk numbers. The company’s premium to its net asset value (NAV)—or as the cool kids call it, multiple-to-NAV (mNAV)—has dropped below 1x. With a market cap of about $420 million and bitcoin holdings valued at around $491 million (that’s 4,449 BTC for those keeping score), its NAV ratio is a sad little 0.859x, according to Strategy-Tracker. 📉

The mNAV being below 1.0 is a big deal, folks! Semler’s grand plan to accumulate bitcoin relies on raising capital through share sales. But here’s the kicker: for this strategy to actually benefit shareholders, the stock needs to trade at a premium to the value of its bitcoin holdings. With the share price at or below NAV, issuing new shares would just dilute existing shareholders like a bad smoothie recipe. 🍹

But fear not! Bitcoin bull Tom Lee, the Head of Research at Fundstrat, sees a glimmer of hope in Semler Scientific. He’s got it all figured out, calling it an opportunity in his firm’s “Granny shot” research portfolio. Now, if you’re wondering what a granny shot is, it’s that unconventional way of shooting free throws in basketball. And let’s be honest, who doesn’t love a good unconventional approach? It’s like wearing socks with sandals—bold and slightly questionable! 🧦👡

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2025-06-11 23:13