VanEck warns that listed companies buying Bitcoin should consider pausing or abandoning their strategy if BTC value exceeds market capitalization.
Semler Scientific (3,808 BTC) is falling into the 'danger zone' as shares drop 45%, NAV is only 0.82x.
VanEck expert advises:
🔸 Stop fundraising if NAV < 0.95x for 10 days
🔸 Prioritize share buybacks if BTC rises but stock price does not reflect this
🔸 Restructure if BTC strategy is ineffective
Not everyone holding BTC wins!