According to @QCompounding, AI cloud firm CoreWeave has re-entered acquisition talks with Bitcoin miner Core Scientific (CORZ), one year after a previous attempt, as reported by the WSJ. This news caused CORZ stock to surge 25% to over $15 per share, also lifting other mining stocks like Hut 8 (HUT) and Cipher Mining (CIFR). For traders, this signals strong interest in the convergence of AI and crypto mining infrastructure. In separate news, Semler Scientific (SMLR) is now trading at a premium to its Bitcoin (BTC) holdings for the first time since June 5, with its multiple net asset value (mNAV) at 1.149. The source indicates this is a key bullish signal, as historically Semler has only added to its BTC position when trading at a premium. This suggests the company, which holds 4,449 BTC, may soon resume purchases to meet its year-end target of 10,000 BTC.

According to @bitcoinarchive, Semler Scientific ($SMLR) became a Bitcoin treasury company on May 28, 2024, acquiring 4,449 BTC now valued at $469 million, which exceeds its current market capitalization. Despite Bitcoin (BTC) rising 55% since the acquisition, SMLR shares have only increased by 2.3% in the same period. This divergence highlights the challenges Bitcoin treasury companies face in translating BTC gains into stock performance, signaling a potential disconnect between crypto asset appreciation and equity market response. Traders should note this mismatch when assessing exposure to Bitcoin via public equities instead of direct crypto holdings. (Source: @bitcoinarchive)