Medical device maker Semler Scientific purchased an additional 83 Bitcoin for $5 Million, boosting its total Bitcoin treasury to 1,012 BTC acquired for $68M. Semler is pursuing a strategy of buying Bitcoin with cash reserves.
The 3 Hong Kong spot Bitcoin ETFs surpassed HK$2 billion ($272M) in assets under management since launching this year. The growth shows increasing institutional appetite for regulated Bitcoin products in Asia.
Bitwage now serves over 4,500 companies and 90,000 users that leverage its platform to pay employee salaries in Bitcoin and crypto. Bitwage is on track to process over $400 million in payroll transactions this year.
US spot Bitcoin ETFs saw their sixth consecutive day of net inflows totalling around $65 million, highlighting growing mainstream institutional demand. BlackRock's IBIT led the day with $75.5 million in inflows.
Hong Kong's Spot Bitcoin ETFs saw their largest inflow in over a month, with the ChinaAMC Bitcoin ETF taking in 274 BTC worth $15M. The steady climb in assets shows growing Asian interest in regulated Bitcoin investment products.
Bitcoin scalability startup Ark Labs raised $2.5M in a pre-seed round led by Tim Draper to advance its Ark protocol for faster, cheaper BTC payments. The funding aims to boost Bitcoin adoption for everyday transactions.
Mt. Gox moved over $700 million worth of Bitcoin to unknown wallets, its first major transaction in weeks. The defunct exchange still owes billions to victims of its 2014 hack.