Bitcoin

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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/companies-embrace-bitcoin-to-revitalize-their-finances/" data-wpel-link="internal">Companies Embrace Bitcoin to Revitalize Their Finances</a><br></p>
<p style="text-align: justify">In the financial world, companies’ growth stories always spark curiosity. <strong>Metaplanet</strong> and Semler Scientific’s transformation holds a special place among these stories. At the <a href="https://en.coin-turk.com/bitcoins-rise-towards-35000-rekindles-interest-in-spot-bitcoin-etf-approval/" data-wpel-link="internal">Bitcoin</a> Conference held in Nashville on July 25, Metaplanet CEO Simon Gerovich and Semler Scientific President Eric Semsler explained how adopting Bitcoin breathed new life into their companies.</p> 
<h2 style="text-align: justify" id="revival-of-zombie-companies">Revival of Zombie Companies</h2> 
<p style="text-align: justify">Once known as “zombie companies,” Metaplanet and <strong>Semler Scientific</strong> were struggling to survive on the brink of bankruptcy. Zombie companies earn just enough to pay their debts but lack the capital necessary for growth.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-373992 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/exchange-6-1.jpg" alt="" width="740" height="415"></p> 
<p style="text-align: justify">Semler Scientific was a cash-rich company that did not attract much interest in the stock market. This fate changed when they listened to MicroStrategy’s Michael Saylor discussing zombie companies. Inspired by Saylor, Semler’s board decided to invest their cash reserves in Bitcoin. This strategic move led to a 40% increase in Semler Scientific’s stock price.</p> 
<h2 style="text-align: justify" id="rebirth-with-bitcoin">Rebirth with Bitcoin</h2> 
<p style="text-align: justify">Metaplanet’s story reflects a similar transformation. CEO Simon Gerovich described the struggle to eliminate the company’s debt burden and clean up the balance sheet. The fate of Metaplanet changed when a Japanese investment firm recognized Bitcoin’s potential to strengthen the balance sheet and mitigate the depreciation of the Japanese yen. Since the first Bitcoin purchase on April 23, Metaplanet’s stock price has increased by 980%.</p> 
<p style="text-align: justify">Both companies are aware of Bitcoin’s volatile nature but see this fluctuation as an opportunity rather than a disadvantage. This new strategy attracted the interest of a different shareholder base and increased trading volume, offering new opportunities for the companies. Metaplanet’s CEO Gerovich expressed hope to offer a convertible issuance <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener" data-wpel-link="exclude">in the near future</a>.</p> 
<h2 style="text-align: justify" id="inspiration-microstrategy">Inspiration: MicroStrategy</h2> 
<p style="text-align: justify">The executives expressed their gratitude to MicroStrategy and <strong>Michael Saylor</strong>, stating that their Bitcoin strategies were a source of inspiration. They believe that without Saylor’s pioneering efforts, it would have been much more difficult for other companies to include Bitcoin in their treasuries.</p> 
<p style="text-align: justify">The stories of Metaplanet and Semler Scientific demonstrate that Bitcoin is not just an investment tool but also a powerful instrument that can guide <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">financial strategies</a>. These transformation stories highlight how significant Bitcoin’s impact can be in the corporate world.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/companies-embrace-bitcoin-to-revitalize-their-finances/" data-wpel-link="internal">Companies Embrace Bitcoin to Revitalize Their Finances</a></h5>
<p>The post <a href="https://en.coin-turk.com/companies-embrace-bitcoin-to-revitalize-their-finances/" data-wpel-link="internal">Companies Embrace Bitcoin to Revitalize Their Finances</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Companies Embrace Bitcoin to Revitalize Their Finances

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