Crypto News

Benchmark's Mark Palmer initiated coverage of Semler Scientific (SMLR) with a buy rating and a $101 price target, citing the company’s dramatic pivot from medical diagnostics to bitcoin (BTC) accumulation as a key value driver.Semler, which spent over 15 years focused on chronic disease detection, adopted bitcoin as its primary treasury reserve asset in May last year. The move made it only the second U.S.-listed firm, after Michael Saylor's Strategy (MSTR), to adopt bitcoin as a treasury reserve asset.Since then, the company has acquired roughly 4,636 BTC for $430 million, with an average cost basis of $92,753 per bitcoin, the report said.Palmer noted that the stock rallied 178% in the six and a half months following its Bitcoin Standard announcement,...

Bitcoin’s price is coasting along at $108,832 to $109,067 today, marking continued strength in its ongoing recovery trend. With a market capitalization of $2.16 trillion and a 24-hour trading volume of $23.73 billion, bitcoin fluctuated within a tight intraday range of $107,591 to $109,067. Bitcoin The 1-hour BTC/USD chart illustrates a short-term recovery following aSource link

By Omkar Godbole (All times ET unless indicated otherwise)The one thing bitcoin (BTC) bulls constantly discuss is liquidity easing through Fed interest-rate cuts and the possibility of rates falling back to zero, just as in 2020-21. Back then, the zero rate triggered an unprecedented bull run throughout the financial markets, including low-cap altcoins.Now, new analysis from the Federal Reserve Banks of New York and San Francisco shows a 9% chance of the benchmark fed funds rate falling to the so-called zero lower bound within the next seven years. Current data shows expectations for elevated interest rates, but the chance of a zero level remains significant over the medium to long term, it said.That's in the long term. The probability of...

Bit Digital has completed a sweeping pivot toward Ethereum, announcing it has fully transitioned its corporate treasury into ETH following a recent capital raise and the divestment of its Bitcoin holdings. This article is from Theminermag, a trade publication for the cryptocurrency mining industry, focusing on the latest news and research on institutional bitcoin miningSource link

Disclaimer: The analyst who wrote this article has shares in Strategy (MSTR).Strategy (MSTR) now holds almost $65 billion in bitcoin (BTC), which makes it the 11th largest corporate treasury holder of bitcoin in the U.S.In its investor presentation for the new STRD at-the-market equity program, Strategy compares itself to companies that hold cash on their balance sheets. Berkshire Hathaway ranks No. 1, holding $410 billion in cash and cash equivalents. Chipmaker NVIDIA (NVDA), the world's largest company by market cap, holds $66 billion in cash and cash equivalents.In the presentation, MSTR said it is on track to achieve both its bitcoin percentage yield and bitcoin dollar gain targets for 2025. The target for bitcoin yield is 25%, and so far...