Bitcoin prices went from $93,000 to $97,000 on May 2nd.
Institutional activities, favorable macro conditions, and regulatory developments are likely to drive price increases.
One catalyst was the announcement of the strategy of obtaining an additional 15,355 BTC, bringing total holdings to over 553,000 BTC.
Meanwhile, the Spot Bitcoin ETF saw a net inflow of $2.68 billion this week. This reflects the demand for the highest institution since December.
Investors are also responding to expectations that slowing economic growth could result in the Federal Reserve potentially cutting interest rates in June, making Bitcoin more attractive than traditional assets. Positive technical indicators such as Bitcoin’s highest realised market capitalization in history further suggest strong beliefs among holders.
Amidst the global uncertainty and concerns of inflation, Bitcoin’s role as a hedge seems to gain traction and strengthen its bullish momentum.
Semler Scientific, Inc. is a medical technology company focused on chronic disease detection. (NASDAQ: SMLR) continues to deepen its commitment to Bitcoin as a major Treasury reserve asset.
On April 30, 2025, the company announced that it had acquired an additional 165 BTC for $15.7 million, increasing its total holding to 3,467 BTC. These purchases were funded through revenue from market (ATM) equity offers launched in early April. As of April 29th, Semler’s Bitcoin portfolio, which was acquired for an average price of $88,263, had a market value of $330 million.
Going forward, the company achieved a 23.8% Bitcoin yield. This specified a key performance indicator (KPI) for financial strategy performance. Semler believes this metric will help investors assess the additional impact of their Bitcoin acquisition approach. Despite this growing financial strategy, Semler continues to commit to its core healthcare mission, actively leveraging cash flows and market opportunities to build a differentiated financial model that is locked into digital assets.
The Arizona State Legislature has approved two Republican-led bills. This allows the state to invest up to 10% of its public funds in digital assets such as Bitcoin. If signed into law, Arizona will become the first US state to establish a state-level Bitcoin sanctuary that President Trump will recently promote the national “strategic cryptocurrency reserve.” The bill is currently awaiting action from Democratic Gov. Katie Hobbs. Veto will completely stop efforts.
The story continues