Ultime notizie per DigiAsia (NASDAQ:FAAS) Azioni

DigiAsia Corp operates as a holding company. The majority of DigiAsia's operations are currently conducted through its majority-owned entities, controlled entities and corporate joint venture. It is among the first embedded fintech as a service (EFaaS) companies in Indonesia serving business-to-business-to-consumer (B2B2C) customers, such as large corporations and state-owned enterprises, as well as business-to-business (B2B) customers, such as micro, small and medium-sized enterprise (MSME) merchants, across various segments. It aims to be a fintech-enabling platform in Southeast Asia by accelerating financial inclusion through its licenses and technology stack and combining the benefits of technological innovation with traditional financial services.

DigiAsia Corp

MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) has been described as the &#8220;Bitcoin magnet,&#8221; attracting billions of dollars in global capital <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42138209/microstrategy-trading-at-insane-256-premium-to-bitcoin-holdings-research-shows">through its unprecedented Bitcoin</a> (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) treasury strategy. 
What Happened: Bernstein's report on Monday highlights MicroStrategy's role in mainstreaming Bitcoin on Wall Street, projecting the company could hold 4% of the global Bitcoin supply by 2033, up from 1.7% today.
However, skeptics, including popular analyst &#8216;Kryptokrates,&#8217; caution that the strategy comes with significant risks, raising questions about its long-term viability.
Bernstein lauded MicroStrategy's innovative model, which <a href="https://www.benzinga.com/24/11/42151809/michael-saylor-reveals-microstrategy-is-making-500m-a-day-with-bitcoin-may-very-well-be-the-most-profitable-company-in-the-us-growing-the-fastest-right-now">leverages convertible debt</a> and equity raises to amass Bitcoin.
The firm's current holdings of ~300,000 BTC are valued at $32 billion, acquired at an average cost of ~$49,900 per Bitcoin. 
Bernstein projects MicroStrategy could increase its holdings to 4% of the world's Bitcoin by 2033, assuming Bitcoin reaches $1 million per coin.
"MicroStrategy's Bitcoin treasury model is unprecedented," Bernstein noted. "A company on an insatiable path to attract billions in global capital to invest in Bitcoin."
MicroStrategy has raised more than $7 billion in convertible debt, with a long-term plan to secure $42 billion in capital by 2027. 
<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42138209/microstrategy-trading-at-insane-256-premium-to-bitcoin-holdings-research-shows">Its approach</a> involves adding Bitcoin to the balance sheet, increasing stock volatility and using convertible debt to enable low-cost capital raises.
Bernstein sees this strategy as <a href="https://www.benzinga.com/24/11/42151809/michael-saylor-reveals-microstrategy-is-making-500m-a-day-with-bitcoin-may-very-well-be-the-most-profitable-company-in-the-us-growing-the-fastest-right-now">sustainable</a> under favorable market conditions, raising its price target for the stock to $600, a 42% upside from its current $421.88.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42145634/cboe-to-launch-cash-settled-bitcoin-index-options">Cboe To Launch Cash-Settled Bitcoin Index Options</a>
Institutional Appeal vs. Retail Risks
While Bernstein remains bullish, critics like Kryptokrates argue that MicroStrategy's financial engineering introduces systemic risks.
"Saylor created the perfect financial perpetual motion machine. It works until it doesn't. The question isn't if, but when,&#8221; the analyst <a href="https://x.com/Kryptokrates/status/1860381306103746766">tweeted</a>.
Kryptokrates outlined several potential vulnerabilities:
<ol>
<li>Market Risk: "A Bitcoin price collapse could trigger a systemic failure."</li>
<li>Leverage Concerns: "MicroStrategy's total debt is ~$3 billion—a massive bet on ‘number go up.'"</li>
<li>Regulatory Pressure: "Any regulatory crackdown could disrupt the model."</li>
<li>Retail Investor Risk: "Small investors think they're ‘buying Bitcoin exposure' but are actually buying systemic risk."</li>
</ol>
Kryptokrates also flagged warning signs such as increasing convertible note issuances and more aggressive Bitcoin buying, suggesting heightened financial risk as the company scales.
Bernstein emphasized the appeal of <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42121936/bitcoin-boom-20-microstrategy-gains-traction-as-a-leveraged-bet-on-crypto-growth">MicroStrategy's strategy</a> for institutional investors, citing high liquidity, Bitcoin exposure, and regulatory compliance.
Kryptokrates, however, noted that retail investors might misunderstand the risks, tweeting, "Nothing is free in finance. Leverage works both ways. Always check the fine print."
The best-case scenario, according to Bernstein, sees MicroStrategy continuing to capitalize on Bitcoin's price appreciation, reaching $1 million per coin by 2033. 
However, Kryptokrates offered a stark contrast: "Worst case—Bitcoin crashes, notes demand repayment, share price collapses, system fails."
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42143918/strike-ceo-jack-mallers-bitcoin-is-the-best-performing-asset-in-the-history-of-mankind">Strike CEO Jack Mallers: &#8216;Bitcoin Is The Best Performing Asset In The History Of Mankind&#8217;</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

News

$BTC

MSTR

MicroStrategy Is The 'Bitcoin Magnet,' Says Bernstein, But Not Everybody's Sold: 'Nothing Is Free In Finance,' Says One Analyst

SAVA

Trading Halt: Halted at 7:25:00 a.m. ET - Trading Halt: Halt News Pending

HC Wainwright &amp; Co. analyst Mitchell Kapoor reiterates Neurogene (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NGNE#NASDAQ">NGNE</a>) with a Buy and maintains $55 price target.

Price Target

Reiteration

Analyst Ratings

NGNE

HC Wainwright & Co. Reiterates Buy on Neurogene, Maintains $55 Price Target

A recent report revealed the environmental violations at Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)&#8217;s Austin and Freemont plants amid Elon Musk being announced as the co-head of a new Department of Government Efficiency, dubbed &#8220;DOGE,&#8221; aimed at reducing regulations.
What Happened:&nbsp;According to the Journal, Tesla&#8217;s Austin facility has been releasing toxic pollutants due to malfunctioning equipment, such as a giant casting furnace door that failed to close properly. This issue led to increased emissions and hazardous working conditions, The Wall Street Journal <a href="https://www.wsj.com/business/autos/elon-musk-tesla-environment-1263cd60">reported</a>&nbsp;on Monday.
Emails obtained by the Journal from Texas regulators and interviews with former employees reveal that Tesla was aware of these problems but opted for temporary solutions to maintain production speed. Employees reportedly feared job loss if they highlighted environmental concerns.
The Journal also uncovered that Tesla&#8217;s Fremont, Calif., plant has received numerous air pollution violation warnings&nbsp;over the past five years, second only to a Chevron refinery in California.
See Also:&nbsp;<a href="https://www.benzinga.com/general/social-media/24/11/42155884/economist-slams-doges-simplistic-approach-to-government-spending-questions-super-bowl-ad-criticism?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Economist Slams DOGE: Tells Elon Musk-Led Initiative To &#8216;Do Your Legal Job Well&#8217; Amid Super Bowl Ad Spend</a>
As Musk assumes his new role, his stance on deregulation raises questions about the future of environmental regulations affecting his companies. 
Tesla and Musk have not responded to <a href="https://pro.benzinga.com">Benzinga</a>&#8216;s requests for comment on these issues.
Why It Matters: The&nbsp;DOGE department, <a href="https://www.benzinga.com/news/24/11/41998717/elon-musk-and-vivek-ramaswamy-are-looking-for-high-iq-small-government-revolutionaries-who-are-willing-to-put-in-80-hours-at-doge">co-led by Musk and&nbsp;Vivek Ramaswamy,</a> aims to reduce federal inefficiencies under President-elect&nbsp;Donald Trump. This initiative seeks high-IQ individuals to work extensively to streamline government operations and reduce bureaucracy.
A month before the announcement, Musk described the <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41220500/elon-musk-says-potential-doge-department-under-a-trump-administration-will-be-a-garbage-co">potential&nbsp;DOGE department</a>&nbsp;as a &#8220;garbage collection of rules that don&#8217;t make sense.&#8221; His approach to efficiency has been evident in his companies, though it has sometimes led to conflicts with unions.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/24/11/42153039/bizarro-world-people-are-really-confused-by-elon-musk-praising-argentinas-javier-milei-slashing-import-taxes?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Bizarro World&#8217; – People Are Really Confused By Elon Musk Praising Argentina&#8217;s Javier Milei Slashing Import Taxes</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

Government

Regulations

Tech

General

TSLA

Tesla Faces Environmental Violations As Elon Musk's 'DOGE' Prepares For 'Garbage Collection Of Rules That Don't Make Sense:' Report

Wells Fargo analyst Sam Reid initiates coverage on CSW Industrials (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSWI#NASDAQ">CSWI</a>) with a Equal-Weight rating and announces Price Target of $425.

Initiation

CSWI

Wells Fargo Initiates Coverage On CSW Industrials with Equal-Weight Rating, Announces Price Target of $425

Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) CEO Satya Nadella acknowledged the need for a fundamental cultural shift in the company&#8217;s approach to cybersecurity, following a series of high-profile security incidents that prompted him to take a <a href="https://www.benzinga.com/markets/equities/24/10/41540407/satya-nadellas-salary-rose-63-to-79-1m-but-heres-why-the-microsoft-ceo-is-taking-a-5m-pay-cut">voluntary $5 million reduction in his cash incentive</a>.
What Happened: &#8220;That&#8217;s what will be culture change,&#8221; Nadella told Wired in a recent <a href="https://www.wired.com/story/at-age-50-microsoft-is-an-ai-giant-an-open-source-lover-and-bad-as-it-ever-was/">interview</a>, emphasizing that the transformation wouldn&#8217;t involve internal blame. &#8220;This is not about a witch hunt internally at Microsoft.&#8221;
The call for change comes after several significant security challenges in 2023-2024. The U.S. Department of Homeland Security criticized Microsoft&#8217;s security systems as inadequate in March, particularly noting vulnerabilities to <a href="https://www.benzinga.com/news/23/07/33441264/ron-wyden-accuses-microsoft-of-negligence-in-recent-cybersecurity-breach">China-based hacking group Storm-0588</a>. 
The company also <a href="https://www.benzinga.com/news/24/04/38214476/russian-government-linked-hackers-stole-federal-email-correspondence-with-microsoft-cisa">faced a system compromise</a> by the Russian group Midnight Blizzard, affecting corporate email accounts, and dealt with a <a href="https://www.benzinga.com/news/24/07/39870313/microsoft-crowdstrike-issue-caused-largest-it-outage-in-history-showing-how-much-we-depend-on-a-hand">global IT outage stemming</a> from a CrowdStrike update issue.
Nadella&#8217;s promise, and Microsoft&#8217;s security troubles that precede them, are reminiscent of what happened more than 20 years ago &#8211; back in 2002, after a series of security lapses, Bill Gates <a href="https://www.microsoft.com/en-us/security/blog/2022/01/21/celebrating-20-years-of-trustworthy-computing/">sent</a> a famous memo to all Microsoft employees to launch an initiative called &#8220;Trustworthy Computing.&#8221;
See Also: <a href="https://www.benzinga.com/24/11/42156013/bluesky-adds-millions-of-users-as-elon-musks-social-media-platform-faces-exodus-post-trump-win-here-are-a-few-starter-packs-to-help-you-get-going-on-latest-x-rival">Bluesky Adds Millions Of Users As Elon Musk&#8217;s X Faces Exodus Post Trump Victory: Here Are A Few Starter Packs To Help You Level Up On The Platform</a>
Why It Matters: Brad Smith, Microsoft&#8217;s vice chair and president, formally accepted responsibility for these <a href="https://www.benzinga.com/government/24/06/39312639/microsoft-under-fire-president-brad-smith-to-testify-on-security-lapses-after-major-cyberattacks">security flaws in a June</a> statement to the Department of Homeland Security. The acknowledgment came as Microsoft continued to expand its artificial intelligence initiatives, with Nadella noting that AI development was &#8220;doubling every six months or so.&#8221;
Despite these challenges, Microsoft&#8217;s market value has exceeded $3 trillion, and Nadella&#8217;s total compensation rose 63% to $79.1 million in fiscal 2024, primarily due to stock awards. However, <a href="https://www.benzinga.com/markets/equities/24/10/41540407/satya-nadellas-salary-rose-63-to-79-1m-but-heres-why-the-microsoft-ceo-is-taking-a-5m-pay-cut">demonstrating personal accountability</a>, he requested a reduction in his cash incentive to $5.2 million from an eligible $10.7 million following the cybersecurity incidents.
The security concerns emerge as Microsoft maintains its leadership in generative AI, with over 85% of Fortune 500 companies using its AI tools. JPMorgan analyst Mark Murphy emphasized the company&#8217;s unique position in AI innovation, noting its success in infusing AI across both <a href="https://www.benzinga.com/24/11/42088290/microsoft-defies-the-ai-plateau-pushing-boundaries-with-new-scaling-laws">application and infrastructure stacks</a>.
Nadella highlighted that &#8220;perverse incentives&#8221; often lead companies to prioritize product development over securing existing products, suggesting a need to rebalance these priorities as part of the cultural transformation.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/global/24/11/42156160/palantir-price-target-raised-to-75-by-dan-ives-amid-288-ytd-surge-analyst-calls-2025-a-primetime-year-for-ai">Palantir Price Target Raised To $75 By Dan Ives Amid 288% YTD Surge: Analyst Calls 2025 A &#8216;Primetime&#8217; Year For AI</a></li>
</ul>
Microsoft CEO Satya Nadella. Photo by WEF on Flickr
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Markets

MSFT

Satya Nadella Promises 'Culture Change' After Security Lapses Return To Haunt Microsoft 20 Years After Bill Gates Launched A Similar Initiative

Earnings

HTLM

HomesToLife Reported H1 Net Revenue Of $1.99M, Down By 21% YoY, EPS Loss Of $(0.03)

HC Wainwright &amp; Co. analyst Mitchell Kapoor reiterates Oruka Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORKA#NASDAQ">ORKA</a>) with a Buy and maintains $45 price target.

ORKA

HC Wainwright & Co. Reiterates Buy on Oruka Therapeutics, Maintains $45 Price Target

HC Wainwright &amp; Co. analyst Mitchell Kapoor reiterates Halozyme Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HALO#NASDAQ">HALO</a>) with a Buy and maintains $68 price target.

HALO

HC Wainwright & Co. Reiterates Buy on Halozyme Therapeutics, Maintains $68 Price Target

Wells Fargo analyst Stephen Baxter downgrades Tenet Healthcare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THC#NYSE">THC</a>) from Overweight to Equal-Weight and lowers the price target from $205 to $150.

Downgrades

Wells Fargo Downgrades Tenet Healthcare to Equal-Weight, Lowers Price Target to $150

Needham analyst Gil Blum reiterates Cartesian Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNAC#NASDAQ">RNAC</a>) with a Buy and maintains $41 price target.

RNAC

Needham Reiterates Buy on Cartesian Therapeutics, Maintains $41 Price Target

Catalyst Bancorp, Inc. (Nasdaq: "CLST") (the "Company"), the parent company for Catalyst Bank (the "Bank") (<a href="http://www.catalystbank.com/">www.catalystbank.com</a>), announced today that the Board of Directors approved the Company's fifth share repurchase plan.&nbsp;
"It has been over three years since we embarked on our public company journey. We've set ambitious goals to transform ourselves into a consistently strong performing community bank. High among those goals is focusing our mission on serving as catalysts to help local businesses grow – because when they do, they create jobs in our communities. We rebranded as Catalyst Bank to reinforce our commitment," said Joe Zanco, President and Chief Executive Officer of the Company and Bank.
"We have expanded our branch network into the business center of our region, adding locations in Carencro and Lafayette, Louisiana. Although we increased our branch count by two, or 50%, we have held our employee count steady by focusing on enhancing efficiency throughout the Company.&nbsp;
"We have upgraded our systems and now offer some of the very best in banking technology. The systems upgrade reduces non-interest expense over $200,000 annually and also facilitates additional efficiency gains.&nbsp;
"Our collective efforts have resulted in meaningful customer growth, especially in 2024.&nbsp; In fact, loan growth through the third quarter was a record $21 million.&nbsp; As a result of organic customer growth and greater efficiency, our core profitability continues to improve.&nbsp;
"Not everything has gone according to plan since our IPO. At the outset of our journey, we believed there might be opportunities to acquire one or more banks during the first three years following our IPO, which would have allowed us to expand our footprint and enhance profitability more rapidly. Unfortunately, the right opportunities have not presented themselves to date.&nbsp; However, we still have the capital and management depth and expertise to take advantage of desirable opportunities should they present themselves in the near future.&nbsp;
"Today, we announced our fifth share repurchase plan (the "November 2024 Repurchase Plan").&nbsp; Under the November 2024 Repurchase Plan, the Company may purchase up to 215,000 shares, or approximately 5%, of the Company's outstanding common stock. Since the announcement of our first share repurchase plan in January 2023 and through November 22, 2024, the Company has repurchased a total of 972,916 shares of its common stock, or approximately 18% of the common shares originally issued, at an average cost per share of $11.93.
"As we enter the new year, know that we are focused on serving our customers tremendously well, deepening the skills of our employees and enhancing our profitability and shareholder value.&nbsp; What we've achieved since our IPO is the result of the efforts of our dynamic team.&nbsp; Our commitment to growing and further improving our company is stronger than ever."

Buybacks

CLST

Catalyst Bancorp Announces Fifth Stock Buyback Plan, Targeting 215,000 Shares

Wells Fargo analyst Stephen Baxter downgrades HCA Healthcare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCA#NYSE">HCA</a>) from Equal-Weight to Underweight and lowers the price target from $400 to $320.

Wells Fargo Downgrades HCA Healthcare to Underweight, Lowers Price Target to $320

Biotech

Health Care

Financing

Offerings

REPL

Replimune Has Proposed Public Offering Of $125M Of Its Common Stock And Pre-funded Warrants To Purchase Shares, The Underwriter Has A 30-day Option To Purchase Up To An Additional $18.75 Million Of Securities

Smartkem (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTK#NASDAQ">SMTK</a>), positioned to power the next generation of displays using its disruptive organic thin-film transistors (OTFTs), has partnered with AUO, the largest display manufacturer in Taiwan, to jointly develop the world's first advanced rollable, transparent microLED display using Smartkem's technology.
"We believe that collaborating with global display industry leader AUO to develop a novel microLED display puts Smartkem's technology on the frontier of microLED display commercialization. Our unique transistor technology is expected to enable display manufacturers to efficiently produce microLED displays, making mass production commercially viable. Smartkem's technology has the potential to take today's microLED TVs from high end market prices of $100,000 down to mass market prices," stated Ian Jenks, Smartkem Chairman and CEO.
"Because our transistors are processed at such a low temperature compared to other technologies, we are able to pour them directly on top of the microLEDs, completely eliminating the problematic mass transfer and laser welding processes required with other technologies. The key feature that enables the development of this microLED display is our unique low temperature process that allows the use of low-cost, flexible plastic rather than glass. We believe that, if successful, this collaboration will be a significant milestone for Smartkem in its road to commercialization, and for microLED display product development using our technology."
Dr. Wei-Lung Liau, Chief Technology Officer of AUO, commented, "AUO has dedicated years to developing the ultimate MicroLED display technology, forging alliances with ecosystem partners to enable mass production. In this collaboration, AUO has developed groundbreaking technologies that boost the high transparency and free-form in applications of MicroLED. With proprietary materials from Smartkem and the OTFT production process from ITRI, we are collaboratively developing the world's first rollable MicroLED display for potential commercialization with cost advantage. We believe this will create new opportunities for the display industry and continue to expand value chain partner cooperation and influence."
Leading display analyst and DSCC (Display Supply Chain Consultants) CEO, Ross Young, commented, "This is an exciting project that, if successful, will demonstrate the cost effectiveness of Smartkem's technology in the most demanding of MicroLED applications, and could generate substantial market interest."
Smartkem's Disruption to the MicroLED Display Market Smartkem believes it is poised to transform the display industry with a new class of microLED displays that are low-cost, thin, transparent, flexible and lightweight. This is made possible by Smartkem's OTFTs that are processed at an industry comparatively low temperature, enabling them to be processed directly on top of microLEDs in the manufacturing of microLED displays, eliminating the need for mass transfer and laser welding processes required by existing technology. This introduces an entirely new "Chip-First" display architecture to the display market that is not currently possible using other transistor technologies. Additionally, Smartkem's low temperature feature enables processing of Smartkem's OTFTs on a plastic substrate, rather than glass, that is low-cost, thin, transparent, flexible and lightweight.
The project between Smartkem and AUO will commence on January 1, 2025. The collaboration has been awarded a grant from the 2024 Taiwan-UK Research &amp; Development Collaboration, supported by The Taiwanese Ministry of Economic Affairs and Innovate UK, part of UK Research and Innovation (UKRI).
About the 2024 UK-Taiwan Collaborative R&amp;D Initiative The 2024 UK-Taiwan Collaborative R&amp;D Initiative has invested more than £10 million this year to promote bilateral industrial technology research and development cooperation. The nine award-winning projects will promote the joint development of advanced technologies in fields such as electrical information communication, biomedicine, and electromechanical by Taiwan-UK enterprises.

SMTK

Smartkem Partners With AUO To Develop Rollable, Transparent MicroLED Displays

Wells Fargo analyst Stephen Baxter downgrades Community Health Sys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CYH#NYSE">CYH</a>) from Equal-Weight to Underweight and lowers the price target from $5 to $2.5.

Wells Fargo Downgrades Community Health Sys to Underweight, Lowers Price Target to $2.5

The effective date of the reverse stock split has not yet been determined and will be announced by the Company at least two business days prior to its implementation.

Stock Split

RNAZ

TransCode Therapeutics Has Approved A 1-for-33 Reverse Stock Split

Semler Scientific, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMLR#NASDAQ">SMLR</a>), a pioneer in developing and marketing technology products and services to healthcare providers to combat chronic diseases, today announced updates regarding its bitcoin (BTC) activity and holdings, capital markets activity, and BTC yield, a key performance indicator.
&nbsp;
BTC Update
Between November 18, 2024 and November 22, 2024, Semler Scientific acquired 297 bitcoins for $29.1 million in cash, at an average price of $97,995 per bitcoin, inclusive of fees and expenses. As of November 22, 2024, Semler Scientific held 1,570 bitcoins, which were acquired for an aggregate $117.8 million at an average purchase price of $75,039 per bitcoin, inclusive of fees and expenses.
ATM Update
As previously disclosed in Semler Scientific's registration statement on Form S-3 that became effective on August 13, 2024 (the S-3 Shelf), Semler Scientific entered into a Controlled Equity OfferingSM&nbsp;Sales Agreement with Cantor Fitzgerald &amp; Co. (Cantor), pursuant to which Semler Scientific may offer and sell from time to time its common stock in an at-the-market (ATM) offering.
Today, Semler Scientific filed a prospectus supplement to its S-3 Shelf to offer an additional $50.0 million of shares under its existing ATM offering with Cantor, increasing the total amount offered under the ATM to $100.0 million.&nbsp; As of November 22, 2024, Semler Scientific has generated approximately $50.0 million of gross proceeds under the ATM offering.
BTC Yield as a Key Performance Indicator (KPI)
From October 1, 2024 to November 22, 2024, Semler Scientific's BTC Yield was 37.1%. From July 1, 2024 (the quarter after Semler Scientific adopted its bitcoin treasury strategy) to November 22, 2024, Semler Scientific's BTC Yield was 58.4%.
"We are thrilled to report a 58.4% BTC Yield and the outstanding progress we are making to accumulate bitcoin on our balance sheet in a highly accretive way for our stakeholders," said Eric Semler, chairman of Semler Scientific.
Semler Scientific uses BTC Yield as a KPI to help assess the performance of its strategy of acquiring bitcoin in a manner Semler Scientific believes is accretive to stockholders. Semler Scientific believes this KPI can be used to supplement an investor's understanding of Semler Scientific's decision to fund the purchase of bitcoin by issuing additional shares of its common stock.
BTC Yield and Basic and Assumed Diluted Shares Outstanding
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">6/30/2024&nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">9/30/2024&nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">11/22/2024&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Total&nbsp;Bitcoin&nbsp;Holdings</td>
<td colspan="1" rowspan="1">877</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">1,018</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">1,570</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Basic&nbsp;Shares Outstanding&nbsp;('000)</td>
<td colspan="1" rowspan="1">6,987</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">7,120</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">8,289</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Options&nbsp;Outstanding</td>
<td colspan="1" rowspan="1">1,098</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">1,013</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">855</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Assumed&nbsp;Diluted&nbsp;Shares&nbsp;Outstanding&nbsp;(1)</td>
<td colspan="1" rowspan="1">8,086</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">8,133</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">9,143</td>
</tr>
<tr>
<td colspan="1" rowspan="1">BTC&nbsp;Yield&nbsp;%&nbsp;(10/1/24 to 11/22/24)</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">37.1&nbsp;%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">BTC&nbsp;Yield&nbsp;%&nbsp;(7/1/2024 to 11/22/2024)</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">58.4&nbsp;%</td>
</tr>
</tbody>
</table>
</figure>

SMLR

Semler Scientific Increases Bitcoin Holdings to 1,570 BTC With 58.4% Yield, Announces $50M ATM Launch, Adds 297 BTC to Portfolio

Guidance

CRGO

Freightos Expects Q4 Revenue Of $6.4M - $6.5M (Est $6.587M)

<ul>
<li>50% of patients who received repeated doses (n=10) remained alive and in remission beyond the expected median overall survival (OS) from standard-of-care Stupp regimen while none of the patients who received a single dose (n=3) achieved this outcome.</li>
<li>Biopsy results confirmed the presence and persistence of gamma-delta T cells along with CD3+ and CD8+ T cells within the brain tumor microenvironment in two patients following treatment with INB-200.</li>
<li>Patients in the multi-dose cohorts demonstrated a trend toward improved peripheral T cell recovery, suggesting potential immune system benefits.</li>
<li>The majority of patients exceeded their expected progression free survival (PFS) based on age and tumor status; five patients remain alive and three patients have returned to their occupations, with one patient remaining progression free at 40.5 months post treatment.</li>
</ul>

INAB

IN8Bio Presented Results From The Fully Enrolled Phase 1 Trial Of INB-200 At The Annual Meeting Society For Neuro-oncology

Digiasia Corp. (FAAS) has released an update. DigiAsia Corp. has announced the launch of ANDITA, an advanced AI-driven initiative designed to boost...

DigiAsia Unveils AI Initiative for MSME Growth

MINM, LIDR among major tech gainers; SYTA, WDAY among losers

DigiAsia announces execution of agreement for convertible note financing with Helena Partners

DigiAsia (FAAS) has released an update. DigiAsia's latest news release contains no text content, consisting solely of placeholder image tags, which...

DigiAsia News Release Lacks Content

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
In the last few years, technological advancements in the fintech sector have put several <a href="https://investorplace.com/industries/financial/fintech/">fintech stocks</a> to buy in the limelight.&nbsp;



For the uninitiated, fintech refers to companies that offer technology solutions for money management. That includes mobile banking or trading apps, e-wallets and peer-to-peer payment platforms.&nbsp;



And while fintech&rsquo;s relevance has surged, the last few years have been challenging for companies in the space. Macroeconomic uncertainties and a decline in fintech funding have caused many to struggle to stay afloat. As a result, many fintech stocks are trending lower, with some at 52-week lows.&nbsp;



Nevertheless, the future of fintech remains optimistic. In an increasingly cashless society, these companies can shape consumer financial habits and transform the financial ecosystem. The data reflects this positive sentiment with the fintech market expected to grow to <a href="https://www.fintechfutures.com/techwire/fintech-market-size-projected-to-grow-to-882-billion-by-2030-as-advanced-technologies-services-expand/">$882 billion by 2030.</a>&nbsp;



This means investors willing to weather the short-term headwinds have the opportunity to capitalize on the long-term gains. As such, companies with high growth potential trading near 52-week lows offer a great entry point.&nbsp;



<h2>DigiAsia (FAAS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/fintech-300x169.jpg" alt="Light bulb on tablet and Stock graph and business technology icon with abstract electronic circuit background. best fintech stocks to buy. Top Fintech Stocks to Buy"><div>Source: Shutterstock</div></div>DigiAsia (NASDAQ:<a href="https://investorplace.com/stock-quotes/faas-stock-quote/">FAAS</a>) is a fintech-as-a-service (FaaS) platform that offers a range of financial solutions. These include digital wallets, supply chain payments and a banking-as-a-service (BaaS) platform. The company&rsquo;s premise is to support the financial needs of its partners with low-cost mass-market products.



Its shares may be trading lower but its strong market position offers tremendous growth potential. Since its inception, the company has forged several strategic partnerships to drive its expansion. Some of its notable partners include Mastercard (NYSE:<a href="https://investorplace.com/stock-quotes/ma-stock-quote/">MA</a>) in Jakarta, Western Union (NYSE:<a href="https://investorplace.com/stock-quotes/wu-stock-quote/">WU</a>) and Starbucks (NASDAQ:<a href="https://investorplace.com/stock-quotes/sbux-stock-quote/">SBUX</a>). DigiAsia also signed a deal with DBS Bank (OTCMKTS:<a href="https://investorplace.com/stock-quotes/dbsdy-stock-quote/">DBSDY</a>), the largest bank in South East Asia to disburse merchant loans through its platform.&nbsp;



In more recent news, the company <a href="https://finance.yahoo.com/news/digiasia-corp-advances-ai-solutions-200500937.html">secured the allocation</a> of an initial shipment of 5,120 Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) H200 GPUs. As part of the deal, DigiAsia will be responsible for deploying and developing advanced AI solutions in Southeast Asia, the Middle East and India. The partnership will help enhance the efficiency of DigiAsia&rsquo;s infrastructure while capitalizing on a $300 billion financial services market.&nbsp;



With an exciting deal in the pipeline and shares hovering at the 52-week low, FAASstands out as one of the best fintech stocks to buy. The company provides investors with the perfect blend of valuation, innovation and stability in the fintech sector.



<h2>DLocal (DLO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/08/dlo1600-300x169.png" alt="Mobile phone with webpage of Uruguayan payment company dLocal Limited (DLO) on screen in front of logo Focus on top-left of phone display"><div>Source: Wirestock Creators / Shutterstock.com</div></div>DLocal (NASDAQ:<a href="https://investorplace.com/stock-quotes/dlo-stock-quote/">DLO</a>) is a fintech play that certainly deserves more attention. The Latin American-based fintech platform serves as a bridge between global businesses and emerging markets. Through the help of dLocal&rsquo;s cross-border payments platform, businesses can transact in countries with their own payment ecosystems. The platform provides access to 40 markets across Latin America, South East Asia and Africa.&nbsp;



Fundamentally speaking, dLocal remains a solid play. In its recent earnings, the company posted <a href="https://dlocal.gcs-web.com/news-releases/news-release-details/dlocal-reports-2024-first-quarter-financial-results">revenue at $184 million,</a> up 34% year-over-year (YoY). This was fueled by a 49% rise in total payment volumes (TPV). The TPV growth certainly speaks to the company&rsquo;s ability to remain competitive and provide value through its solutions. However, shares dived following earnings on <a href="https://www.benzinga.com/news/earnings/24/05/38849832/why-dlocal-stock-is-plunging-wednesday">weaker-than-expected results.</a>&nbsp;



Nevertheless, DLO stock remains an appealing buy for several reasons. One, the company&rsquo;s solution makes it significantly easier for global businesses to sell in emerging markets. Second, it has established a presence amongst high-profile customers including Amazon (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/">AMZN</a>), Microsoft (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>) and Shopify (NYSE:<a href="https://investorplace.com/stock-quotes/shop-stock-quote/">SHOP</a>). Third, DLO stock is down 54% this year and trading near its 52-week low. This makes it one of the best fintech stocks to buy for bargain-hunting investors seeking long-term returns.&nbsp;



<h2>SoFi Technologies (SOFI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/sofi1600-1-300x169.png" alt="SoFi Technologies, Inc logo with stock market chart background. is an American online personal finance company and online bank."><div>Source: Poetra.RH / Shutterstock.com</div></div>Despite a steep drop in its price,, SoFi Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/sofi-stock-quote/">SOFI</a>) remains an attractive option for investors seeking a high-growth name. The digital banking platform boasts a loyal customer base with its easy-to-use app that caters to a young audience. This enabled SoFi to scale its business and generate attractive returns. The numbers reflect its success story.



In the first quarter, <a href="https://s27.q4cdn.com/749715820/files/doc_financials/2024/q1/Q1-2024-Earnings-Release-6.pdf">revenue was up $581 million,</a> a 26% increase YoY. This was fueled by a 54% rise in tech platforms and financial services revenue. Adjusted EBITDA was up 91%, while new member additions grew 44% from the prior year. Additionally, the number of products used by its customers also grew by 38% to 11.8 million. And while the numbers are certainly impressive, SOFI stock plunged on a <a href="https://www.fool.com/investing/2024/04/29/why-sofi-technologies-stock-dropped-10-on-earnings/">weak second-quarter outlook.</a>&nbsp;



While slowing growth levels are certainly a red flag, SoFi&rsquo;s long-term prospects remain strong. The company&rsquo;s diversified business and innovative technology provide a steady runway for growth. Moreover, the stock is attractively priced and hit its 52-week low earlier this month.



Investors willing to weather the short-term headwinds for long-term gains will find SOFI one of the top fintech stocks to buy this month.&nbsp;



On the date of publication, Divya Premkumar&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.



On the date of publication, the responsible editor held a LONG position in SBUX.
<div>Divya has a background in finance and accounting and has worked in FP&amp;A roles at Fortune 500 companies. She is an avid reader and enjoys writing on a variety of topics including stocks, crypto, blockchain and global policy.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget A.I. THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	
The post <a href="https://investorplace.com/2024/07/3-fintech-stocks-to-buy-at-52-week-lows-in-july/">3 Fintech Stocks to Buy at 52-Week Lows in July</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Fintech Stocks to Buy at 52-Week Lows in July

DigiAsia (FAAS) has released an update. DigiAsia has entered into an amendment agreement with Greenhaven Road Capital Fund affecting the terms of a...

DigiAsia Amends Note Terms with Greenhaven

DigiAsia (FAAS) has released an update. DigiAsia, Indonesia's leading Fintech-as-a-Service provider, plans to catalyze enterprise growth with its c...

DigiAsia's Strategic Expansion in Southeast Asia's Fintech

PayMate looks to buy DigiAsia's unit

PayMate looks to buy DigiAsia

DigiAsia (FAAS) has released an update. DigiAsia Corp. has entered into a forbearance agreement with Helena Special Opportunities LLC and Scieniti ...

Comments

DigiAsia

Notizie

Ultime notizie per DigiAsia (NASDAQ:FAAS) Azioni

Le persone guardano anche

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO