VanEck’s crypto researcher Matthew Sigel warns public companies buying Bitcoin that they may need to halt purchases if their holdings surpass their market cap. A major firm is reportedly nearing this risky threshold, raising concerns about equity dilution.
- Public companies buying Bitcoin risk equity dilution if their stock trades near NAV.
- Semler Scientific (SMLR) is nearing a point where its Bitcoin holdings match its market cap.
- VanEck warns that continued BTC purchases could harm shareholder value if stock prices fall.
📎 Related coverage from: cointelegraph.com
