Bitcoin’s price has surged from $93,000 to over $97,000 on May 2.
Institutional activity, favorable macro conditions, and regulatory developments likely drove the price increase.
One catalyst was Strategy’s announcement that it had acquired another 15,355 BTC, bringing its total holdings to over 553,000 BTC.
Meanwhile, spot Bitcoin ETFs saw net inflows of $2.68 billion this week—the highest since December, reflecting renewed institutional demand.
Investors are also reacting to expectations that the Federal Reserve could cut interest rates in June due to slowing economic growth, making Bitcoin more attractive relative to traditional assets. Positive technical indicators, such as Bitcoin’s all-time high realized market cap, further suggest strong conviction among holders.
Amid global uncertainty and inflation concerns, Bitcoin’s role as a hedge appears to be gaining traction, reinforcing the bullish momentum.
Semler Scientific, Inc. (Nasdaq: SMLR), a medical technology company focused on chronic disease detection, continues to deepen its commitment to Bitcoin as its primary treasury reserve asset.
On April 30, 2025, the company announced it had acquired an additional 165 BTC for $15.7 million, bringing its total holdings to 3,467 BTC. These purchases were funded through proceeds from an at-the-market (ATM) equity offering initiated earlier in April. As of April 29, Semler’s Bitcoin portfolio, acquired at an average price of $88,263, had a market value of $330.6 million.
Year to date, the company has achieved a 23.8% Bitcoin yield—its designated key performance indicator (KPI) for treasury strategy performance. Semler believes this metric helps investors evaluate the accretive impact of its Bitcoin acquisition approach. Despite this growing financial strategy, Semler remains committed to its core healthcare mission while actively leveraging cash flow and market opportunities to build a differentiated treasury model anchored in digital assets.
The Arizona Legislature has approved two Republican-led bills that would allow the state to invest up to 10% of its public funds, potentially over $3 billion, into digital assets like Bitcoin. If signed into law, Arizona would become the first U.S. state to establish a state-level Bitcoin reserve, aligning with President Trump’s recent push for a national “strategic crypto reserve.” The bills now await action from Democratic Governor Katie Hobbs, who has not indicated whether she plans to sign or veto them. A veto would halt the effort entirely.
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