Nasdaq-Listed Zoom Communications (ZM), a stock market high-flyer under the pandemic boom facing harder times ago must embrace a Bitcoin (BTC) strategy to shake sluggish stock execution and give value to shareholders, Eric Semler said, Chairman of Medical Technology Company Semler Scientific (SMLR).
“When a pandemic treasure, Zoom is now stuck in a very competitive, slow growth market,” Semler said in an X post on Thursday. “By utilizing its $ 7.7 billion cash pile, $ 2 billion in annual free cash flow and clear access to low -cost debt, Zoom could quickly become one of the largest business holders in Bitcoin,”
Zoom shares are down about 85% from their 2020 top, even when NASDAQ and S&P 500 continue to push for new record heights.
Semler’s comments came from experience when his company adopted a BTC Treasury strategy last year after studying the example of Michael Saylor’s strategy (Mstr), formerly known as Microstratey, on how to add value to the company’s shareholders. Semler has since converted most of its cash holdings to Bitcoin and tapped capital markets for more funds with which you can acquire symbols. From the latest update, the accumulated 3,192 BTC worth $ 305 million at current prices.
Even as SMLR shares have been fighting in recent weeks with Bitcoin’s poor price performance, the stock has been ever more than doubled since the company revealed its first token purchases in mid-2024.
Zoom Communications, Semler said, is the “Zombie Zone” company number one, and he promises more such choices in the future.
Read more: Semler Scientific studied Microstratey’s success before adopting Bitcoin strategy
