縮放面臨著動搖國庫策略的壓力，比特幣被吹捧為潛在的解決方案

隨著縮放視頻通信面臨著制止其國庫策略的壓力，互聯網行業正在釀造新的開發。

Despite having a massive cash reserve of $7.7 billion, video conferencing behemoth Zoom has come under increasing pressure to reassess its treasury strategy. Among those observing this situation is Eric Semler, head of Semler Scientific, who has suggested that Zoom consider exploring Bitcoin as a potential strategy to revitalize its fortunes.

儘管有77億美元的大量現金儲備，但視頻會議龐然大物Zoom承受著越來越多的壓力重新評估其國庫策略。在觀察這種情況的人中，Semler Scientific的負責人Eric Semler提出，Zoom將探索比特幣視為振興命運的潛在策略。

Pandemic Star’s Dramatic Trip From GraceA meteoric rise in the face of the COVID-19 pandemic has been replaced by a questionable reality in the story of Zoom's journey. Once a Wall Street darling, Zoom’s stock has taken a hit, decreasing by 40% over the past three years, lagging behind the S&P 500’s performance by 73%.

在Zoom的旅程故事中，大流行星從Gracea流離失所的崛起中進行了戲劇性的旅程，被可疑的現實所取代。 Zoom的股票曾經是華爾街的寵兒，在過去三年中下降了40％，落後於標準普爾500指數的表現73％。

The company’s five-year forecast is even more dismal, with its projections lagging behind the market as a whole by over 84%. These numbers not only indicate financial performance but also an organization’s attempt to establish its place in a post-pandemic society.

該公司的五年預測更加令人沮喪，其預測落後於整個市場超過84％。這些數字不僅表明了財務績效，還表明了組織在大流行社會中建立自己的地位的嘗試。

Semler highlights this point, stating that “Zoom has struggled to find a second act to reignite momentum, despite aggressive reinvestment and acquisition attempts.”The Bitcoin Solution: A Bold Or Reckless Move?Semler's observation is not only garnering attention but also raising questions within the finance industry. In fact, he doesn’t mince words, describing Zoom’s current status as that of a “Zombie” and a “sore thumb.”

Semler強調了這一點，他指出：“儘管進行了積極的再投資和收購嘗試，Zoom一直在努力尋找第二幕來重新點燃動力。”比特幣解決方案：大膽或魯ck的舉動？Semler的觀察不僅引起人們的注意，而且還引起了人們的注意金融業。實際上，他沒有刺激言語，將Zoom的當前狀態描述為“殭屍”和“拇指酸痛”。

His own company, Semler Scientific, has already bet heavily on Bitcoin, acquiring 3,192 BTC including recent purchases of 871 units for $88.5 million.

他自己的公司Semler Scientific已經大量押注比特幣，收購了3,192 BTC，其中包括最近以8850萬美元的價格購買了871個單位。

Love the excitement out there for the Zombie Zone! There are plenty of Zombie companies to choose from across various industries, but one stands out like a sore thumb – and of course, it starts with Z.

喜歡殭屍區的興奮！在各個行業中有很多殭屍公司可供選擇，但是一個像拇指酸痛一樣脫穎而出 - 當然，它始於Z。

Zombie Zone company #1: Zoom Communications

殭屍區公司＃1：Zoom Communications

— Eric Semler (@SemlerEric) February 13, 2025

- 埃里克·塞姆勒（@semlereric）2025年2月13日

The medical technology company's stock price has doubled over the past year, though attributing this solely to their Bitcoin approach would oversimplify matters. With access to favorable credit terms and $2 billion in annual cash flow, Zoom could theoretically join the ranks of the largest corporate Bitcoin holdings practically overnight.

在過去的一年中，醫療技術公司的股價已翻了一番，儘管僅將這種股價歸因於他們的比特幣方法會過分簡化問題。通過獲得有利的信用條款和20億美元的年現金流，Zoom理論上可以在一夜之間加入最大的公司比特幣持有量的行列。

ZM stock price. Source: TradingViewThe argument centers on a fundamental question facing modern companies: how to navigate treasury management in an era of booming digital assets. Zoom’s situation is paradoxical: it maintains a healthy 40% EBITDA margin and generated $458 million in cash last quarter, yet trades at modest multiples of 15x forward earnings and 9x forward EBITDA. With about one

ZM股票價格。資料來源：TradingView的論點集中在現代公司面臨的基本問題上：如何在蓬勃發展的數字資產時代瀏覽財政管理。 Zoom的情況是自相矛盾的：它在上個季度保持健康的40％EBITDA利潤率，並產生了4.58億美元的現金，但以15倍遠期收益和9倍前鋒EBITDA的次要交易。大約一個