Bitcoin tops $97K as institutional demand and state reserves rise
By: thestreet|2025/05/04 00:30:01
0
Share
Bitcoin Surges Past $97K as Institutional Demand and Fed Outlook Fuel RallyBitcoin’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 Boosts Bitcoin Holdings, Hits 23.8% YTD BTC YieldSemler 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.Arizona Moves to Create First State Bitcoin Reserve as National Trend BuildsThe 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.Arizona isn’t alone in this push. Several other states are exploring similar bills to add Bitcoin to their balance sheets. The debate on whether states should establish a strategic bitcoin reserve centers around Bitcoin as a modern-day hedge against inflation vs. price volatility concerns. Republican State Senator Wendy Rogers argued that Bitcoin’s long-term growth tells a different story if you zoom out. And with growing interest from younger voters and independents, some lawmakers see it as both a financial and political win.Metaplanet Launches $250M Bitcoin Treasury Arm in FloridaTokyo-based Metaplanet is launching a new subsidiary in Florida, Metaplanet Treasury Corp. The branch will be part of its expanded Bitcoin treasury strategy. The U.S.-based arm will be capitalized with up to $250 million and serve as a dedicated vehicle to support global operations and improve access to institutional capital in the United States.Metaplanet, already Asia’s largest publicly traded Bitcoin holder, selected Florida due to its growing reputation as a hub for Bitcoin innovation, adoption, and financial liberalization. CEO Simon Gerovich cited the state’s accelerating crypto-friendly environment as a key factor in the decision.The move follows a string of recent Bitcoin purchases by Metaplanet, including a 145 BTC buy last week that brought its total holdings to 5,000 BTC. The firm’s strategy increasingly mirrors that of U.S.-based Strategy, which has rebranded itself around aggressive Bitcoin accumulation. By establishing a U.S. presence, Metaplanet aims to further align itself with global markets and strengthen its long-term Bitcoin-focused financial strategy.
You may also like
Stablecoins are the "royalists" of the crypto world: Open USD brings the old currency system into play
The emergence of Open USD has shifted the competition for stablecoins from the market struggle of crypto startups to a battle for infrastructure involving traditional finance, payment networks, technology platforms, and public chain ecosystems.
Semiconductor stocks plummet, yet Anthropic wants to create a 2nm chip
Abandoning TSMC and teaming up with Samsung. Anthropic launches a self-developed 2nm chip program, challenging Nvidia and starting a battle to break through computing power costs.
Where is Zhao Changpeng's billion-dollar investment going? YZi Labs' investment landscape fully revealed
Zhao Changpeng's billion-dollar new "family office" YZi Labs investment landscape revealed: 70% of the funds are committed to the crypto ecosystem, while 30% are cross-industry bets on AI and biotechnology, launching a new capital experiment in the post-Binance era.
Ethereum Foundation Report: A Basic Guide to Ethereum for Governments and Financial Institutions
The Ethereum Foundation has released this non-technical introductory report aimed at government officials, central banks, regulators, and corporate decision-makers, explaining how Ethereum works, how it is governed, how it differs from other blockchains, and how institutions and governments are alre...
A pre-announced harvesting case: After the cryptocurrency price dropped by 99%, the public chain Saga exited to transform into AI
True failure often isn't a single price drop, but rather a pricing mechanism that repeatedly rewards those who tell stories while repeatedly punishing those who believe in the stories.
When American giants collectively "defect" from Chinese AI models
Coinbase CEO publicly stated: the company has fully switched its AI to a Chinese model, cutting expenses in half while usage has doubled. Snowflake and Lindy are also doing the same thing—an unnoticed "AI model migration wave" is happening.
BIS Report Compliance Observation: The Real Risks of Stablecoins, Not Just "Depegging"
The issue with stablecoins is not just whether their price will decouple, but whether they can be integrated into a recognizable, monitorable, accountable, and regulated financial system.
Portugal 2-1 Croatia: Ronaldo's 20-Year Knockout-Stage Drought Ends With a Debt Finally Collected
Portugal beat Croatia 2-1 in the 2026 global football championship's knockout rounds as Ronaldo scored his first-ever knockout-stage goal, Gonçalo Ramos struck a stoppage-time winner, and VAR ruled out a late equalizer for offside.
Bitcoin Price Prediction July 2026: Will BTC Recover to $70K or Drop Below $55K?
Bitcoin price prediction for July 2026: Can BTC recover to $70,000 or fall below $55,000? Explore ETF flows, key support levels, Fed outlook, and our Bitcoin forecast.
A South Korean company that learned the strategy of hoarding coins, from a bull market to delisting?
When the overall momentum of the Korean stock market is strong, this batch of cryptocurrency concept stocks, branded as the "Korean version of Strategy," finds itself at a crossroads of life and death.
WEEX API Broker Program: Turn Your Trading Platform Into a Revenue Engine
Become a WEEX API Broker and earn up to 70% trading fee sharing. Get institutional-grade liquidity, OAuth Fast Connect, and a 4-5 day integration for your AI trading platform, bot, or signal community.
How to choose between buying discounted ETH, Bitmine, and SharpLink?
The answer may not lie in whose story is told better, but in specific dimensions such as cost of holding, financing ability, liquidity, and whether the narrative can be realized.
Wosh: Inflation has cooled in recent weeks, AI is reshaping the economy, and forward guidance has lost its necessity
Federal Reserve Chairman Waller clearly stated at the ECB forum that the Fed will abandon forward guidance on interest rates, with future decisions relying entirely on real-time economic data. He noted that inflation risks in the U.S. have decreased over the past four weeks, but the ultimate impact ...
From Pump.fun to Collector Crypt: Has Solana's income throne changed hands?
The revenue from consumer applications on Solana is no longer solely reliant on meme coin issuance, but is gradually spreading to more consumption scenarios.
Dan Bin's latest speech: Don't miss out on a great era
Don't let hesitation trap your steps, and don't let shortsightedness waste the passing years—make sure not to miss this magnificent era that belongs to us.
Robinhood launches its own blockchain, no longer wanting to be a tenant on others' chains
While laying off employees and issuing bonds, it is the predictive market business that temporarily supports the income.
Why Tokenized Stocks Are Booming in 2026 While Crypto Is Still Struggling
Why are tokenized stocks booming while the crypto market struggles? Explore the latest 2026 data, institutional adoption, and what it means for traders.
Looking at Stripe's ambitions and the future of stablecoins from OUSD
Stripe enters the stablecoin network battle with OUSD, a comprehensive look at the third paradigm evolution of digital dollars and the new infrastructure for global payments in the AI era.
Stablecoins are the "royalists" of the crypto world: Open USD brings the old currency system into play
The emergence of Open USD has shifted the competition for stablecoins from the market struggle of crypto startups to a battle for infrastructure involving traditional finance, payment networks, technology platforms, and public chain ecosystems.
Semiconductor stocks plummet, yet Anthropic wants to create a 2nm chip
Abandoning TSMC and teaming up with Samsung. Anthropic launches a self-developed 2nm chip program, challenging Nvidia and starting a battle to break through computing power costs.
Where is Zhao Changpeng's billion-dollar investment going? YZi Labs' investment landscape fully revealed
Zhao Changpeng's billion-dollar new "family office" YZi Labs investment landscape revealed: 70% of the funds are committed to the crypto ecosystem, while 30% are cross-industry bets on AI and biotechnology, launching a new capital experiment in the post-Binance era.
Ethereum Foundation Report: A Basic Guide to Ethereum for Governments and Financial Institutions
The Ethereum Foundation has released this non-technical introductory report aimed at government officials, central banks, regulators, and corporate decision-makers, explaining how Ethereum works, how it is governed, how it differs from other blockchains, and how institutions and governments are alre...
A pre-announced harvesting case: After the cryptocurrency price dropped by 99%, the public chain Saga exited to transform into AI
True failure often isn't a single price drop, but rather a pricing mechanism that repeatedly rewards those who tell stories while repeatedly punishing those who believe in the stories.
When American giants collectively "defect" from Chinese AI models
Coinbase CEO publicly stated: the company has fully switched its AI to a Chinese model, cutting expenses in half while usage has doubled. Snowflake and Lindy are also doing the same thing—an unnoticed "AI model migration wave" is happening.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com

