Bitcoin treasury firm Metaplanet is roaring on the Tokyo Stock Exchange, with the stock price gaining 15% during the Jan. 5 trading session. The company has shared a recent disclosure over plans to buy back 150 million worth of shares. This recovery coincides with Bitcoin price regaining strength and moving back to $92,500. Metaplanet Stock Grabs Spotlight with 15% Upside Along with the MSTR stock, the Metaplanet stock also made a strong upside with BTC price surging closer to $93,000. The company also ...

American Bitcoin Corp (ABTC) acquired another 54 bitcoin during Monday's sharp selloff, bringing its total stack to 5,098 coins worth just less than $450 million based on BTC's current price of $87,600. That places the company, co-founded by Eric Trump, who serves as its chief strategy officer, in the top 20 of publicly-traded bitcoin treasury firms, according to bitcointreasuries.net. The Nasdaq listed firm said its accumulated holdings were acquired through a combination of self mining and targeted purc ...

KindlyMD Inc., a healthcare and Bitcoin treasury company, is facing the risk of being delisted from the Nasdaq after its share price remained below the exchange’s minimum bid requirement for an extended period. In a Form 8-K filing dated Dec. 12, the company disclosed that it had received a notice from Nasdaq’s Listing Qualifications Department after its common stock closed below $1 for 30 consecutive trading days, placing it out of compliance with Nasdaq Listing Rule 5450(a)(1). Source: SEC filing Ki ...

Kindly MD (NAKA), a health-care and bitcoin treasury company company, faces being delisted from the Nasdaq exchange after its share price failed to meet minimum listing requirements. The stock has closed below $1 for 30 consecutive trading days, and the company has until June 8 to lift it above that level for 10 straight days to avoid the delisting, it said in an SEC filing on Dec. 12. The company was bought in a reverse takeover by Nakomoto in August, which kept the KindlyMD name and changed the stock ...

Twenty One (XXI) has fallen 25% early in its first day of trading following completion of its SPAC merger with Cantor Equity Partners (CEP). Now trading at about $10.50, the stock is at a level that effectively places the bitcoin native firm near its PIPE pricing of $10. The company enters the market with the third largest corporate bitcoin treasuries at 43,514 BTC and is backed by Tether, Bitfinex and Strike CEO Jack Mallers (who is also serving as XXI CEO). Its strategy focuses on capital efficient bitco ...

Special purpose acquisition company (SPAC) Columbus Circle Capital (BRR) and ProCap BTC — led by Anthony Pompliano and having raised more than $750 million to build a bitcoin treasury firm — closed their merger late Friday. The combined company has been renamed ProCap Financial and will begin trading on the Nasdaq under the BRR symbol on Monday. The performance of the hastily-formed bitcoin treasury companies (BTCTCs) this year has been disastrous, with most down 90% or more following their SPAC combinat ...

Core Insights - The implied value of Strive's all-stock acquisition offer for Semler Scientific has decreased by approximately 76% from September to December due to the loss of key customers that accounted for a significant portion of Semler's revenue [1] Group 1: Acquisition Details - Under the amended merger agreement, Semler Scientific shareholders will receive a fixed ratio of 21.05 shares of Strive Class A common stock for each share held, translating to approximately $21.68 per Semler share based on Strive's closing price on December 2 [2] - The initial offer represented a 210% premium to Semler Scientific's closing price prior to the announcement, but skepticism was noted regarding the disparity between the offer price and Semler's trading price immediately after the announcement [3] Group 2: Financial Performance and Challenges - Semler Scientific's medical hardware revenue is expected to decline sharply, with two major customers, which contributed over 60% of its revenue in Q3 2025, ceasing orders, leading to a projected revenue drop of at least 60% in Q4 compared to Q3 [4] - For Q3, Semler Scientific reported a net income of $16.9 million, a significant increase from $5.6 million in the same period last year, primarily due to a $30 million unrealized gain in Bitcoin holdings [5] Group 3: Merger Approval Status - The merger is pending approval from Semler Scientific stockholders and is subject to customary regulatory closing conditions, while Strive stockholders have already approved the share issuance [6]

Core Viewpoint - The company has adopted a long-term strategy of buying and holding Bitcoin as its primary treasury reserve asset while maintaining short-term dollar reserves to meet obligations such as dividends [2][3][6]. Group 1: Financial Strategy - The company views Bitcoin as a global reserve digital asset for the long term and U.S. dollars as a reserve for short-term obligations [3][4]. - The company aims to maintain a cash reserve equivalent to two to three years of dividends, which will grow as more preferred shares are issued [12][13]. - The company has successfully issued $1.44 billion in equity in just eight and a half days, sufficient to cover 21 months of dividends [9]. Group 2: Dividend Policy - The company is committed to preserving dividend payments to avoid creating fear and uncertainty among shareholders, despite the board's right to suspend dividends [5][6]. - The objective is to pay dividends in perpetuity, although the company acknowledges that circumstances could change [6][11]. Group 3: Misconceptions and Market Position - The company clarifies that it is not highly leveraged, with a leverage ratio of 12%, and even with preferred shares, it stands at 27%, which is significantly lower than typical public companies [8][9]. - There is a misconception that the company is unable to pay dividends from its balance sheet, which the company has addressed by demonstrating its ability to issue equity [9][10]. - The company emphasizes its operational nature as a vertically integrated Bitcoin operating company, distinguishing itself from closed-end funds or ETFs [15][19]. Group 4: Industry Engagement - The company is engaging in an educational process regarding its identity and operations, particularly in light of MSCI's proposals to exclude digital asset Treasury companies from indices [17][20]. - The company is open to partnerships with traditional financial institutions as they enter the Bitcoin space, particularly in areas like custody and lending services [23][25].

Core Viewpoint - Economist Peter Schiff has alleged that Bitcoin treasury company Strategy (NASDAQ:MSTR) operates a fraudulent business model and predicts its eventual bankruptcy regardless of Bitcoin's performance [1][2]. Group 1: Business Model and Capital Raising - Strategy has built its business around issuing equity to accumulate Bitcoin, aiming to maximize Bitcoin per share for shareholders and serve as a proxy for investors who cannot directly invest in the digital asset [3]. - Recently, Strategy has increasingly relied on preferred shares for capital raises instead of common stock due to a significant contraction in its premium to net asset value, which has dropped from over 2.5 to less than 1 in the past year [4]. - The company faces challenges in issuing equity to fund new Bitcoin purchases without diluting existing shareholders [4]. Group 2: Market Conditions and Financial Obligations - The rise of copycat companies has intensified competition, with 194 companies now holding Bitcoin on their balance sheets [5]. - Strategy has also been pressured by a decline in Bitcoin's market price, which fell from a record high of $126,000 to as low as $89,000 [5]. - The company has nearly $700 million in annual dividend obligations as of Q3, raising concerns about its ability to pay dividends, as these would need to be funded by capital raised from new investors [6].

Group 1 - Semler Scientific CEO Douglas Murphy Chutorian filed to sell up to $30 million worth of shares, indicating a potential desire to monetize equity before the merger completion [1] - The filing reveals the intent to sell up to 1.52 million shares at a price of $20.02 per share, based on the closing price on the day prior to the filing [1] - Semler announced a merger offer with Strive at a 210% premium to its stock price, valued at $471 million, which led to a 24% increase in stock price on the announcement day [1] Group 2 - The all-stock merger structure will primarily compensate Semler shareholders with Strive's equity, aligning ownership interests post-acquisition [2] - This type of merger can enhance liquidity for shareholders while concentrating governance within the combined entity [2] - Strive recently raised $149.3 million through an upsized and oversubscribed initial public offering of its Variable Rate Series A Perpetual Preferred Stock [2]