This morning, a letter filed by the defense of Samourai Wallet developers Keonne Rodriguez and William Lonergan Hill revealed that the Southern District of New York (SDNY) had suppressed exculpatory evidence in the criminal case. 

According to the filing, the prosecution had consulted FinCEN prior to the indictment of the developers on the viability of bringing unlicensed money transmission charges against a non-custodial service.

“A mixer like Samourai that does not take custody of the cryptocurrency by possessing the private keys would strongly suggest that Samourai is not acting as an MSB,” FinCEN told the prosecutors, according to the filing.

In internal communications,…

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The U.S. Treasury Department’s Financial Crime Enforcement Network (“FinCEN”) is now facing serious questions after a new court filing reveals it charged the developers of Samourai Wallet with operating an unlicensed money transmitter—despite being told by the relevant regulator that no license was required.

On May 5, 2025, lawyers for Samourai Wallet founders Keonne Rodriguez and William Hill filed a letter to Judge Richard Berman in the Southern District of New York disclosing that FinCEN explicitly told U.S. Department of Justice (DOJ) prosecutors in August 2023 that Samourai Wallet did not qualify as a Money Services Business due to its non-custodial nature. The DOJ moved…

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Bernstein analysts think companies could put up to $330 billion into Bitcoin over the next five years, with strategies like Michael Saylor’s leading the way, according to a new report. Bitcoin is quickly becoming more than just a speculative asset—it’s starting to look like a serious option for corporate treasuries.

Strategy has employed a unique mix of equity sales, debt issuance, and corporate cashflows to fund its Bitcoin purchases—part of a long-term initiative dubbed the “21/21” capital plan, which it recently doubled to $84 billion in its new 42/42 raising efforts. Now, according to Bernstein’s May 5 report, Strategy could go even further:

“In our bull case, we…

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Publicly listed companies worldwide are projected to invest up to $330 billion in Bitcoin over the next five years according to a report by Bernstein analysts. This follows significant success by Strategy previously MicroStrategy which aggressively accumulated approximately 555,450 bitcoins accounting for over 2.6% of the cryptocurrency’s total supply. The firm’s innovative financial strategies boosted its holdings to nearly $38 billion inspiring other corporations to consider similar moves.

Institutional adoption is expected to expand further after recent regulatory shifts in the United States. President Donald Trump’s executive order creating a Strategic Bitcoin Reserve using seized crypto assets marks a significant step toward mainstream acceptance. The Securities and Exchange Commission has also cleared paths for banks to custody cryptocurrencies by removing restrictions previously hindering growth.

Bernstein highlights that larger corporations could collectively allocate about $190 billion to Bitcoin while smaller companies might contribute an additional $11 billion by 2026. Analysts anticipate regulatory clarity driven by the US could prompt broader international corporate adoption of Bitcoin as a key treasury asset.

Semler Scientific (Nasdaq: SMLR) has acquired 167 additional bitcoins for $16.2 million between April 30 and May 2, 2025, using proceeds from its at-the-market (ATM) equity offering. This latest purchase brings the company’s total BTC holdings to 3,634, making it one of the largest public Bitcoin treasury companies in the United States.“$SMLR acquires 167 #Bitcoins for $16.2 million and has generated BTC Yield of 22.2% YTD. Now holding 3,634 $BTC and is now the fourth largest Bitcoin Treasury Company in the U.S.,” said Eric Semler, Chairman of Semler Scientific, in a post on X.

$SMLR acquires 167 #Bitcoins for $16.2 million and has generated BTC Yield of 22.2% YTD. Now holding…

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Riot Platforms (NASDAQ: RIOT) produced 463 Bitcoin in April 2025, down 13% from March but up 23% year-over-year, according to its latest unaudited monthly production and operations report. The company also sold 475 Bitcoin for net proceeds of $38.8 million at an average price of $81,731, marking a strategic shift in funding operations.

“Riot mined 463 bitcoin in April as the network experienced two successive difficulty adjustments during the month,” said Jason Les, CEO of Riot. 

The company closed a significant deal in April, acquiring all tangible assets of Rhodium at its Rockdale Facility, including 125 MW of power capacity. “April was a significant month for Riot as we…

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Semler Scientific has made a bold move into the cryptocurrency market by purchasing more Bitcoin between April 30 and May 2 at an average price of $97093 per coin. The Delaware-based company used proceeds from its stock offering program raising $398 million by selling 117 million shares since April 15. As of May 2 the total value of its Bitcoin holdings reached $3524 million with an unrealized gain of $301 million.

The company introduced a new metric called Bitcoin Yield which has jumped 222 percent this year through May 2. This self-defined measure tracks the ratio of bitcoin holdings to diluted shares which climbed from 1025 million to 1326 million in 2024. Semler explained this is not a standard financial metric and does not reflect the company’s earnings or bitcoin’s income potential.

The purchases were funded by a mix of stock sales and cash flow from operations. Semler reaffirmed that owning its shares does not mean owning bitcoin directly. This move echoes similar strategies by firms like Strategy which recently raised its holdings to 555,450 BTC.

Source

According to a Monday SEC filing, Strategy purchased the bitcoin at an average price of $95,167 per coin between April 28 and May 4. The acquisition brings the company’s total holdings to 555,450 BTC, acquired for approximately $38.08 billion at an average price of $68,550 per bitcoin.

The latest purchase was funded through a combination of common stock and preferred stock sales, with $128.5 million raised through Strategy’s common stock ATM program and $51.8 million through sales of STRK preferred shares. The transaction notably exhausts Strategy’s previous $21 billion ATM offering launched last year.

Last week, Strategy announced plans to double its capital raising capacity,…

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