4 months ago
Nasdaq-listed Zoom Communications (ZM), a banal marketplace high-flyer during the pandemic roar that's faced tougher times since, should clasp a bitcoin (BTC) strategy to shingle up sluggish banal performace and supply worth to shareholders, said Eric Semler, president of aesculapian exertion steadfast Semler Scientific (SMLR).
"Once a pandemic darling, Zoom is present stuck successful a highly competitive, slow-growth market," Semler said successful an X post Thursday. "By leveraging its $7.7 cardinal currency pile, $2 cardinal successful annualized escaped currency flow, and acceptable entree to low-cost debt, Zoom could rapidly go 1 of the largest firm holders of Bitcoin,"
Zoom shares are down astir 85% from their 2020 highest adjacent arsenic the Nasdaq and S&P 500 person continued to propulsion to caller grounds highs.
Semler's comments came from acquisition arsenic his institution adopted a BTC treasury strategy past twelvemonth aft studying the illustration of Michael Saylor's Strategy (MSTR), formerly known arsenic MicroStrategy, connected however to supply worth for the company's shareholders. Semler since has converted astir of its currency holdings to bitcoin and tapped superior markets for much currency with which to get tokens. As of the astir caller update, it's accumulated 3,192 BTC, worthy $305 cardinal astatine existent prices.
Even arsenic SMLR shares person struggled successful caller weeks alongside bitcoin's mediocre terms performance, the banal terms has inactive much than doubled since the institution disclosed its archetypal bitcoin purchases successful mid-2024.
Zoom Communications, said Semler, is "Zombie Zone" institution fig one, and helium promises much specified picks successful the future.
Read more: Semler Scientific Studied MicroStrategy’s Success Before Adopting Bitcoin Strategy
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