Medical device manufacturer Semler Scientific (Nasdaq: SMLR) announced it acquired 247 additional Bitcoin for $17 million in cash, bringing its total holdings to 828 BTC. The company also plans to raise $150 million to expand its Bitcoin reserves.

JUST IN: BlackRock spot #Bitcoin ETF IBIT had $347.1 million inflows today. pic.twitter.com/SIKByVcctA

— Bitcoin Magazine (@BitcoinMagazine) June 6, 2024

Semler made waves last month when it adopted Bitcoin as its primary treasury reserve asset, mimicking MicroStrategy’s influential corporate Bitcoin accumulation strategy. After its initial 581 bitcoin purchase, Semler has continuously acquired more coins.

CEO Doug Murphy-Chutorian said “Semler…

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1. PunkAI (PUNKAI): 47%
2. Blink Galaxy (GQ): 36%
3. Sinverse (SIN): 25%
4. EnterButton (ENTC): 19%
5. BeFi Labs (BEFI): 12%

$10M – $100M MarketCap:

1. L7 DEX (LSD): 68%
2. DUKO (DUKO): 53%
3. Cosplay Token (COT): 26%
4. Viberate (VIB): 25%
5. Pandora (PANDORA): 22%

$100M – $1B MarketCap:

1. GameStop (GME): 168%
2. Beercoin (BEER): 34%
3. MiL.k Alliance (MLK): 32%
4. Toshi (TOSHI): 15%
5. cat in a dogs world (MEW): 15%

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Bitcoin traders have set a new high with open interest in BTC-tracked futures surpassing $37.7 billion, a notable increase from the previous $37 billion record in March. This surge aligns with bitcoin’s price climb from $68,500 to $71,000 recently. Contributing to the momentum, ETFs like BlackRock’s IBIT reported significant inflows, reinforcing bullish market sentiment.

The trading landscape shows a shift towards optimism, evidenced by a long-short ratio that recently rose above 1. This indicator suggests that traders are favoring long positions, anticipating further price increases. The Chicago Mercantile Exchange leads with the largest stake in these futures at $11 billion.

Crypto experts suggest bitcoin could break past the $73,000 mark soon, driven by positive financial market trends and potential interest rate cuts in the U.S. and Europe. This growing risk appetite, mirrored in active trading of meme stocks, hints at a broader shift towards high-risk investments.

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