Semler Scientific Doubles Down on Bitcoin: $16.2 Million Purchase Expands Treasury to 3,634 BTC

Semler Scientific has made another significant Bitcoin purchase, adding 167 BTC worth $16.2 million to its corporate treasury. This marks the company’s third major acquisition in just 10 days, showcasing a bold strategy to accumulate Bitcoin as a reserve asset. With this latest purchase, the medical device firm now holds 3,634 BTC, valued at approximately $342 million at current market prices.

Semler Scientific Expands Bitcoin Treasury with $16.2 Million Purchase

Semler Scientific has acquired an additional 167 Bitcoin (BTC) worth $16.2 million between April 30 and May 2, according to a regulatory filing. This marks the company’s third major BTC purchase exceeding $10 million within a 10-day period, signaling an aggressive accumulation strategy for its corporate treasury.

The medical device firm now holds 3,634 BTC, valued at approximately $342 million based on current market prices. Semler Scientific began its Bitcoin acquisition program last year, positioning itself among a growing cohort of public companies allocating treasury reserves to cryptocurrency.

Despite the bullish Bitcoin strategy, Semler’s stock price dipped 5% to $34.10 following the disclosure. The move reflects broader institutional trends as corporations increasingly treat Bitcoin as a treasury asset rather than purely speculative investment.

Riot Platforms Sells $44 Million in Bitcoin Amid Mining Industry Headwinds

Riot Platforms, the second-largest publicly traded Bitcoin miner by market capitalization, sold 475 BTC for $38.8 million in April to fund operations and avoid equity dilution. The sale followed Bitcoin’s April 2024 halving, which reduced miner rewards by 50% and contributed to a 13% drop in Riot’s monthly production.

Rising network difficulty and sub-all-time-high Bitcoin prices continue to pressure miner margins, prompting broader industry selloffs. Riot’s Castle Rock-based operations offloaded the BTC at an average price of $81,731 per coin, reflecting strategic liquidity management amid sector-wide challenges.

BlackRock Endorses Bitcoin as a Strategic Asset, Signaling Institutional Shift

BlackRock, the world’s largest asset manager with over $10 trillion in assets under management, has dramatically shifted its stance on Bitcoin. Once viewed as a volatile outlier, Bitcoin is now being championed as a "strategic asset" by the firm. Robbie Mitchnick, BlackRock’s head of digital assets, emphasized this pivot during his remarks at Token2049, underscoring the growing institutional acceptance of cryptocurrencies.

The endorsement comes amid robust inflows into Bitcoin ETFs for 2025, reflecting deepening trust in digital assets among traditional finance players. BlackRock’s involvement lends credibility to the asset class, marking a departure from earlier skepticism. "It might be too risky not to own some Bitcoin," the firm now argues—a sentiment that could reshape portfolio strategies across Wall Street.

Bitcoin Price Holds Key Support As EMA Crossover Hints at Bullish Momentum

Bitcoin (BTC) is consolidating NEAR $95,000, with traders closely monitoring a bullish crossover between the 50-day and 100-day exponential moving averages. Such crossovers historically signal upward momentum, and analysts suggest a breakout above the $98,000 resistance zone could trigger further gains.

Institutional interest continues to rise, adding pressure to the market. Short liquidations loom as Bitcoin teeters on the edge of its next major move. The technical setup, combined with growing demand, paints a cautiously optimistic picture for BTC’s near-term trajectory.

From Bitcoin Scam to Real-World Kidnapping: The $243M Crypto Heist and Its Deadly Aftermath

A group of teenage hackers stole 4,100 Bitcoin worth $243 million using social engineering methods, targeting a Genesis creditor by impersonating Google and Gemini support. The incident escalated when the hackers kidnapped the parents of one victim, Veer Chetal, to extort more funds.

By March 2025, five suspects pleaded guilty and face up to 115 years in prison. What began as a digital theft spiraled into a violent crime, underscoring the dark intersection of cryptocurrency and real-world consequences.