Bitcoin surged from $93,000 to over $97,000 on May 2. Institutional activity, favorable macroeconomic conditions, and legal developments may have driven the price increase.

A catalyst was Strategy's announcement that they had purchased an additional 15,355 BTC, bringing total BTC holdings to over 553,000 BTC.

Meanwhile, spot Bitcoin ETFs have seen net inflows of $2.68 billion this week - the highest since December, reflecting demand from new institutional investors.

Investors are also reacting to expectations that the Federal Reserve may cut interest rates in June due to slowing economic growth, making Bitcoin more attractive compared to traditional assets. Positive technical indicators, such as Bitcoin's highest-ever real market capitalization, further demonstrate strong confidence among holders.

In the context of global instability and inflation concerns, Bitcoin's role as a risk hedge seems to be gaining more attention, reinforcing the price uptrend.

Semler Scientific increases its Bitcoin holdings, achieving a BTC yield of 23.8% YTD

Semler Scientific, Inc. (Nasdaq: SMLR), a healthcare technology company focused on chronic disease detection, continues to strengthen its commitment to using Bitcoin as its primary treasury reserve asset.

On April 30, 2025, the company announced it had purchased an additional 165 BTC for $15.7 million, bringing the total holdings to 3,467 BTC. These purchases were funded through proceeds from an at-the-market (ATM) stock offering initiated earlier in April.

As of April 29, Semler's Bitcoin portfolio, purchased at an average price of $88,263, has a market value of $330.6 million.

To date, the company has achieved a Bitcoin profit margin of 23.8%—the designated key performance indicator (KPI) for treasury strategic performance. Semler believes this metric helps investors assess the cumulative impact of the company's Bitcoin buyback approach.

Despite this evolving financial strategy, Semler remains committed to its core healthcare mission while actively leveraging cash flows and market opportunities to build a differentiated treasury model anchored in digital assets.

Arizona is moving to create the state's first Bitcoin reserve fund as a nationwide trend is developing.

The Arizona legislature has approved two bills led by Republicans, allowing the state to invest up to 10% of its public funds, potentially exceeding $3 billion, in digital assets such as Bitcoin. If signed into law, Arizona will become the first U.S. state to establish a state-level Bitcoin reserve fund, in line with President Trump's recent effort for a national 'strategic cryptocurrency reserve fund.' The bills are currently awaiting action from Democratic Governor Katie Hobbs, who has not indicated whether she intends to sign or veto them. A veto would completely halt this effort.

Arizona is not the only state making this move. Several other states are also considering similar bills to add Bitcoin to their balance sheets.

The debate about whether countries should establish strategic Bitcoin reserve funds focuses on Bitcoin as a hedge against inflation risk compared to current price volatility.

Republican Senator Wendy Rogers argued that the long-term growth of Bitcoin will tell a different story if you look further ahead. And with increasing interest from younger and independent voters, some lawmakers view this as a financial and political victory.

Metaplanet launches a $250 million Bitcoin treasury branch in Florida

Tokyo-based Metaplanet is launching a new subsidiary in Florida, Metaplanet Treasury Corp.

This branch will be part of the Bitcoin treasury expansion strategy. The U.S.-based branch will be funded up to $250 million and will operate as a dedicated vehicle to support global operations and enhance access to capital for organizations in the U.S.

Metaplanet, the largest publicly traded Bitcoin holding company in Asia, has chosen Florida for its growing reputation as a center for innovation, adoption, and financial liberalization of Bitcoin. CEO Simon Gerovich cited the state's developing crypto-friendly environment as a key factor in this decision.

This move comes after a series of recent Bitcoin purchases by Metaplanet, including a purchase of 145 BTC last week, bringing the total Bitcoin holdings to 5,000 BTC.

The company's strategy increasingly reflects that of the Strategy based in the United States, which has rebranded itself with strong Bitcoin accumulation. By establishing a presence in the U.S., Metaplanet aims to align more closely with the global market and strengthen its long-term financial strategy focused on Bitcoin.