RT Simon Gerovich (@gerovich)Today we announced MERCURY, our new Class B perpetual preferred equity. 4.9% fixed dividend. ¥1,000 conversion price. A new step in scaling Metaplanet’s Bitcoin treasury strategy. https://t.co/UtnHA2lPRE ...

Group 1 - The market is experiencing volatility, particularly in tech stocks, with a notable selloff in the NASDAQ and major tech names due to concerns over AI valuations and Fed interest rate policies [3][7][29] - Seammen's Energy reported a nearly 600% surge in adjusted profit, driven by increased energy demand from AI data centers, and the CEO expects this momentum to continue [4] - The US Treasury yields are rising, with the 10-year yield around 4.121% and the 30-year yield at 4.7%, indicating market reactions to potential Fed rate cuts [8][9] Group 2 - The Fed's hawkish commentary and uncertainty regarding interest rate cuts have contributed to market selloffs, with December's rate cut odds now below 50% [9][10][12] - ADP reported a slight recovery in hiring with 42,000 jobs added in October, but the shutdown of key statistical agencies has created uncertainty in economic data [11][12] - Retail investors have been pivotal in the market, successfully buying the dip in previous downturns, but current market conditions pose challenges to this strategy [15][21] Group 3 - The UK Chancellor is reportedly reversing plans for income tax hikes due to fears of backlash, creating uncertainty about how to address a potential £30 billion fiscal hole [49][56][67] - Analysts suggest that freezing income tax thresholds could raise around £8 billion, while adjusting the thresholds for higher tax rates could generate additional revenue [68][69] - The political turmoil within the UK government is affecting market confidence, with concerns about the government's ability to implement significant fiscal measures [66][70]

💥 JUST IN: Robinhood is considering adopting a Bitcoin treasury strategy. - Robinhood Treasurer Shiv Verma https://t.co/UAZZdVeXLM ...

Paris-based semiconductor firm Sequans Communications has sold nearly 970 Bitcoin, about a third of its total holdings, in a bid to cut debt and stabilize its balance sheet, becoming the first publicly traded Bitcoin treasury company to offload its reserves amid a cooling crypto market. The company announced on Tuesday that the sale has funded the redemption of 50% of its outstanding convertible debt, thereby reducing liabilities from $189 million to $94.5 million. The transaction, valued at roughly $94. ...

Financial Data and Key Metrics Changes - Total revenues in Q3 2025 were $4.3 million, a decrease of 47.3% compared to Q2 2025 due to the conclusion of licensing revenues from Qualcomm [25] - Gross margin was 40.9% in Q3, down from 64.4% in Q2, reflecting a lower mix of high-margin licensing revenue [25] - Operating loss was $20.4 million in Q3, compared to an operating loss of $8.7 million in Q2 2025 [26] - Net loss for Q3 was $6.7 million or $0.48 per diluted ADS, compared to a net loss of $9.1 million or $3.59 per diluted ADS in Q2 2025 [27] - Cash and cash equivalents at September 30, 2025, totaled $13.4 million, down from $41.6 million at June 30, 2025 [27] Business Line Data and Key Metrics Changes - The IoT business pipeline represents about $550 million in potential revenue over three years, with a 20% increase in design win projects compared to the last reported figure [14] - In Q3, three design win projects transitioned to production, with expectations to add five more in Q4 [15] - The company anticipates entering 2026 with over 45% of design win projects generating revenue [15] Market Data and Key Metrics Changes - The company holds 3,234 Bitcoin with a market value of $365.6 million, all pledged as security for $189 million of convertible debt issued in July [27] - The company has reduced its convertible debt by half through a tactical sale of Bitcoin holdings, lowering the debt to NAV ratio closer to 35% [8][12] Company Strategy and Development Direction - The company is committed to its Bitcoin treasury strategy and has taken proactive steps to reduce debt and enhance flexibility for future financing [6][8] - A disciplined and opportunistic approach to Bitcoin accumulation will continue, with ongoing purchases funded by various means including operating cash flow [11] - The company is exploring strategic alternatives for its IoT business to enhance value and accelerate the path to breakeven [24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in Q4 revenue exceeding $7 million, with product revenue expected to exceed $6 million and services/IP licensing contributing around $1 million [20] - The company aims to limit cash burn in 2026 to reach breakeven by Q4, implementing a 20% cost reduction program across functions [23] - Management highlighted the importance of the design win pipeline and the potential for significant revenue growth in 2026 and beyond [15][21] Other Important Information - The company has launched a new IP initiative and is shifting to a proactive go-to-market strategy for licensing its IP portfolio [22] - The company plans to execute an ADS buyback program as soon as possible, given the current share price [10][12] Q&A Session Summary Question: Were there any licensing or service revenues in Q3? - The company reported approximately $1.3 million in licensing and services revenue in Q3, with product revenues being the primary focus [37] Question: How aggressive will the company be on the buyback? - The company plans to be as aggressive as needed, with a board resolution in place for the buyback program [34][36] Question: What is the confidence level in achieving $7 million in Q4 revenue? - Management expressed confidence in the $7 million target, citing secured backlog and historical performance of customers [59][61] Question: What are the strategic priorities beyond the ATM program and share buybacks? - The company is considering various strategic initiatives, including generating yield on Bitcoin and exploring partnerships for the IoT business [70][78]

Core Insights - Sequans Communications has redeemed 50% of its convertible debt, reducing total outstanding debt from $189 million to $94.5 million through the sale of 970 Bitcoin [1][2] - The company's Bitcoin holdings decreased from 3,234 BTC to 2,264 BTC, with an estimated Bitcoin Net Asset Value (NAV) of approximately $240 million, lowering the debt-to-NAV ratio from 55% to 39% [2][4] - This strategic move is expected to enhance Sequans' ADS buyback program and provide additional financial flexibility for future capital market initiatives [3][4] Financial Strategy - The redemption of convertible debt was funded by leveraging Bitcoin holdings, which aligns with the company's strategy of using Bitcoin as a primary treasury reserve asset [1][5] - The company aims to optimize its Bitcoin treasury and enhance shareholder value through disciplined financial actions [4][5] - Sequans plans to pursue various capital market initiatives, including potential issuance of preferred shares and yield generation on a portion of its Bitcoin holdings [4][5] Company Overview - Sequans Communications is a fabless semiconductor company specializing in wireless 4G/5G technology for IoT applications and is a pioneer in Bitcoin treasury management [5][6] - The company focuses on developing innovative technologies for AI-connected applications, including secured payments and smart cities [6][7] - Founded in 2003 and headquartered in France, Sequans operates globally with offices in multiple countries [7]

Bitcoin treasury company Sequans recently transferred 970 BTC (approximately $111 million) to Coinbase, marking its first major outbound transaction since initiating its Bitcoin treasury strategy. On-chain data shows Sequans still holds around 2,264 BTC, valued at approximately $255 million at current prices. https://t.co/kyUM1olkuy ...

Core Points - Semler Scientific, Inc. has announced it will not host a conference call or provide an earnings presentation for its Q3 2025 financial results due to a pending transaction with Strive, Inc. [1] - The company is the second U.S. public company to adopt Bitcoin as its primary treasury reserve asset, indicating a strategic shift in its financial management [3] - Semler Scientific plans to file its Quarterly Report on Form 10-Q for the period ended September 30, 2025, around November 12, 2025 [2] Company Overview - Semler Scientific is a leader in medical devices and software aimed at combating chronic diseases, with a focus on early detection and monitoring [3] - The company's flagship product, QuantaFlo®, is FDA-cleared and provides rapid point-of-care testing for diagnosing peripheral arterial disease [3] - The company intends to strategically accumulate Bitcoin using proceeds from equity and debt financings, as well as cash flows from operations [3] Transaction Details - The proposed transaction with Strive, Inc. is expected to bring strategic and financial benefits, although specific details regarding the anticipated impact on future performance have not been disclosed [4][5] - A Registration Statement on Form S-4 has been filed with the SEC to register the Class A common stock to be issued in connection with the proposed transaction [8] - Stockholders of Semler Scientific will receive a definitive Information Statement/Proxy Statement/Prospectus to seek their approval for the proposed transaction [8]

Core Insights - ZOOZ Strategy Ltd. has acquired an additional 94 Bitcoin at an average price of $112,000 per Bitcoin, totaling approximately $10 million, bringing its total Bitcoin holdings to 1,036 Bitcoin [1][3] - The company's strategy reflects its commitment to integrating Bitcoin as a core treasury asset, making it the first dual-listed company on Nasdaq and TASE to do so [2][4] - Since launching its Bitcoin treasury strategy in July 2025, ZOOZ has invested approximately $115 million in acquiring a total of 1,036 Bitcoin [3] Company Strategy - ZOOZ is pioneering a long-term Bitcoin treasury strategy, positioning itself as a bridge between traditional capital markets and the Bitcoin economy [2][3] - The company aims to provide investors with direct Bitcoin exposure denominated in New Israeli Shekels (NIS), offering a unique opportunity in the capital markets [2][4] - CEO Jordan Fried emphasized the belief in Bitcoin as a resilient store of value and a cornerstone of sound financial strategy [3] Financial Overview - The total acquisition value for ZOOZ's Bitcoin holdings is approximately $115 million, reflecting a significant investment in digital assets [3] - The recent purchase of 94 Bitcoin adds to the company's growing treasury, reinforcing its financial strategy [1][3]

Core Insights - Autris reported record-breaking financial results for the year ending June 30, 2025, highlighting significant growth in assets, revenue, and shareholder equity [2][4]. Financial Performance - Gross assets increased by 329% to a record $44,399,273 from $10,351,950 year-over-year [4]. - Revenue reached a record $1,184,520, marking an increase of 383% compared to $245,264 in the previous year [4]. - Gains in Bitcoin, both realized and unrealized, amounted to $445,225, up 292% from $149,642 in the previous year [4]. - Working capital rose to a record $4,084,247 from $2,850,320 in the previous period [4]. - Shareholders' equity increased to a record $19,691,601, reflecting a 289% increase from $5,056,919 in the previous period [4]. Strategic Initiatives - The company completed over $32 million in acquisitions to lay the groundwork for future growth [4]. - Plans were announced to raise up to $30 million in equity to facilitate additional land acquisitions, Bitcoin purchases, and uplisting to a major exchange [4]. - Autris expanded its geographical footprint into three countries and sold over 80% of homesites in the Veritas Village - Coronado community in Panama, with construction of homes underway [4]. Leadership and Vision - CEO Patrick Hiebert emphasized the company's strategic vision for Veritas Villages, which appeals to individuals seeking freedom-oriented living spaces [3]. - The company aims to balance innovation with prudence, exemplified by its Bitcoin treasury strategy while maintaining a sound business model [3].