Semler Scientific Doubles Down on Bitcoin with $314M Treasury Amid Skepticism
Semler Scientific, a Nasdaq-listed healthcare company, has significantly expanded its Bitcoin holdings to 3,303 BTC, valued at $314 million, including a recent $10 million purchase. Despite shareholder skepticism, Chairman Eric Semler defended the strategy, suggesting dissenting investors could divest. This move highlights growing institutional confidence in Bitcoin as a treasury asset.
Semler Scientific Expands Bitcoin Holdings to $314M Amid Shareholder Skepticism
Semler Scientific, a Nasdaq-listed healthcare firm, has increased its Bitcoin treasury to 3,303 BTC (worth $314 million) with a recent $10 million purchase. Chairman Eric Semler dismissed critics of the company’s crypto strategy, suggesting skeptical investors could divest their shares.
The medical device manufacturer’s aggressive BTC accumulation reflects growing institutional confidence in Bitcoin as a treasury asset. Semler’s latest acquisition follows a pattern of corporate Bitcoin adoption pioneered by MicroStrategy, though with a unique twist from the healthcare sector.
Senator Lummis Criticizes Fed’s ’Lip Service’ on Crypto Despite Policy Shift
Senator Cynthia Lummis has sharply criticized the Federal Reserve for what she describes as superficial gestures toward cryptocurrency acceptance. The Fed recently rescinded restrictive guidance warning banks about crypto risks, a move Lummis dismissed as mere "lip service."
The Wyoming senator highlighted ongoing barriers, noting the Fed continues denying master account access to crypto-friendly banks. These accounts are critical for direct participation in the federal payment system, effectively locking digital asset firms out of CORE banking infrastructure.
Lummis’ remarks underscore the growing tension between crypto advocates and financial regulators. While policy adjustments suggest evolving attitudes, practical restrictions reveal persistent institutional skepticism toward Bitcoin and other digital assets.
Bitcoin ETFs Attract $442M—Steady Inflows Signal Sustained Confidence
U.S. spot Bitcoin ETFs recorded $442 million in net inflows on Thursday, extending a five-day streak of positive momentum. BlackRock’s IBIT dominated with $327.3 million, while ARK and 21Shares’ ARKB secured $97 million. Trading volumes dipped after two days of heightened activity, yet the market’s appetite for crypto exposure remained undeterred.
The resilience of Bitcoin ETFs contrasts with broader market volatility, underscoring institutional investors’ growing comfort with digital assets. BlackRock’s continued dominance reflects its first-mover advantage in the space, while ARK’s inflows suggest diversified demand. These products are increasingly acting as a barometer for mainstream crypto adoption.
Nasdaq Climbs 6% Weekly as Bitcoin Nears $100K Retest
Equities closed the week on a high note, with the S&P 500 and Nasdaq Composite posting gains amid lingering global trade uncertainties. The S&P 500 ROSE 0.5%, while the Nasdaq advanced 0.9%. The Dow Jones Industrial Average underperformed, dipping 0.1%.
Alphabet’s earnings beat fueled market optimism, reporting $90.23 billion in revenue and $2.81 EPS against estimates of $89.12 billion and $2.01. Tesla jumped nearly 10% after CEO Elon Musk announced plans to step back from his Doge-related government role, coupled with favorable new autonomous vehicle regulations.
Bitcoin’s bullish momentum continues as it eyes a retest of the $100,000 level, reflecting growing institutional interest in digital assets. The cryptocurrency’s performance remains decoupled from traditional markets, signaling its maturation as an independent asset class.
Whale Activity Pushes Bitcoin Higher, Liquidity Targets Point to $100K
Bitcoin stabilized at $94,000 after an 11% rally, briefly touching $94,690 on April 23. The surge reflects accumulating bullish signals, with whales and sharks adding 19,255 BTC last week—bringing their total holdings to 13.47 million BTC.
U.S. institutional demand resurged, evidenced by Coinbase’s premium turning positive since April 21. Market analysts highlight this as one of Bitcoin’s strongest accumulation phases, with liquidity trends now eyeing the $100,000 threshold.
Corporate Bitcoin Adoption Boom Inevitable, Say Executives
Bitcoin’s march onto corporate balance sheets is accelerating, with industry leaders predicting widespread adoption among thousands of public companies. The sentiment dominated discussions at Bitwise’s Bitcoin Standard Corporations Investor Day, where MicroStrategy’s Michael Saylor delivered his trademark thesis on Bitcoin as the ultimate inflation hedge.
Saylor’s presentation—interrupted only by a fortuitous alignment of window shades—hammered home Bitcoin’s unique value proposition: No traditional asset class consistently outperforms monetary inflation, yet Bitcoin enables financial sovereignty from Wall Street to Nigerian Uber drivers. The subtext was clear—corporate treasuries face existential pressure to allocate to hard money.
