[Semler Scientific Strategy Chief: The integration of Bitcoin into the traditional credit system is still in its early stages] According to Golden Finance, Joe Burnett, Strategy Chief at Bitcoin treasury company Semler Scientific, posted on the X platform stating, 'Comparing the B- credit ratings of MSTR and JBLU, we are gradually realizing that the pace of Bitcoin's integration into the traditional credit system is still in its early stages. JetBlue's B- rating reflects its operational fragility: nearly $9 billion in debt, only $2 to $3 billion in equity, and almost no free cash flow. Its assets primarily consist of airplanes, hangars, and loyalty programs, which are illiquid and influenced by fuel prices, labor costs, and consumer demand. In contrast, Strategy holds $72 billion in Bitcoin, $8 billion in long-term convertible debt, and $7 billion in preferred stock. The company uses globally tradable assets that can settle within minutes and have no counterparty risk for significant over-collateralization. This comparison is thought-provoking. JetBlue's balance sheet relies on depreciating, oil-consuming metal, while Strategy's balance sheet is built on scarce digital capital that appreciates over time. Credit rating agencies have yet to fully catch up, but when Bitcoin is recognized as the world's highest-quality collateral asset, it becomes clear that Strategy is not speculative credit but one of the safest companies on Earth.'