Eric Semler, the chairman of Semler Scientific (SMLR), is looking on Viant Know-how (DSP) to undertake a Bitcoin (BTC) treasury technique, arguing that the transfer might unlock important shareholder worth for the struggling advert tech agency.
Eric Semler Urges Viant Know-how to Undertake Bitcoin Treasury Technique Amid Inventory Disruption
In a bit revealed in X, Semler cited Viant’s lagging inventory efficiency and huge money reserves as indicators that the corporate is “ripe” for a daring strategic shift. Viant’s inventory has fallen 44% since its 2021 IPO, with a 50% drop in February alone elevating buyers’ issues about its long-term development trajectory.
Regardless of the market pessimism, Viant stays financially wholesome. The corporate holds $205 million in web money, about 25% of its $900 million market cap, generated $34 million in free money movement in 2024, and tasks regular development by way of at the least 2028.
Semler, who led Semler Scientific’s current transfer to Bitcoin as a treasury asset, labeled Viant, together with Zoom Communications (ZOOM) and Coursera (COUR), as a part of what he calls the “Zombie Zone”: firms with untapped capital and unclear strategic route. Neither Zoom nor Coursera have heeded his earlier requires Bitcoin adoption.
Viant, based by the Vanderhook brothers, has already proven curiosity within the crypto house. Co-founder Chris Vanderhook has beforehand supported decentralized applied sciences, citing blockchain, NFTs, and crypto as vital to what he calls the “New Open Internet.”
Viant additionally faces growing aggressive stress from business giants like Google and Amazon, who proceed to consolidate their energy within the digital promoting ecosystem. In the meantime, the commoditization of demand-side platforms has additional challenged mid-market gamers like Viant.
Semler argues {that a} transfer into Bitcoin might assist differentiate Viant from its opponents and supply a hedge in opposition to inflation and financial instability.
*This isn’t funding recommendation.
