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Crypto Trends

European Firm K33 Raises $6.2M for Strategic Buys

by admin May 29, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Norwegian broker K33 has set its sights on adding Bitcoin to its balance sheet. It raised 60 million Swedish krona (about $6.2 million) to buy and hold the cryptocurrency.

Based on reports, the cash comes from a mix of convertible loans and new share and warrant issues.

New Funding Round Raises 60 Million Krona

According to K33’s May 28 statement, 45 million krona of the total comes from interest-free convertible loans. Those loans don’t carry any interest and mature on June 30, 2028.

The rest, 15 million krona, will be raised through a new share sale and free warrants. If all the warrants and conversions happen, K33 could pull in up to 75 million krona.

Bitcoin Buy Plan Outlined

Based on reports, the fresh funds will go “in full” to build what K33 calls its Bitcoin Treasury Strategy. At today’s price of just over $108,000 per coin, the company could buy about 57 BTC. That gives them a decent pile of BTC to work with as they roll out new services.

Bitcoin will be the best performing asset in the coming decade and my goal with K33 is to accumulate as many as possible while unlocking powerful operational synergies with our brokerage operation. https://t.co/Crxu0b5QPz

— Torbjørn (@TorbjrnBullJens) May 28, 2025

Management Sees Long-Term Gains

CEO Bull Jenssen posted on X that he expects Bitcoin to be the “best-performing asset in the coming decade.” He wrote that K33 will “accumulate as many as possible while unlocking powerful operational synergies with our brokerage operation.”

He also asked:

“Why wait for the government to build a crypto reserve when you can build your own?”

BTC is currently trading at $108,561. Chart: TradingView

Risks And Rewards

K33’s share price barely budged and actually fell 1.90% on May 28. That shows some investors worry about Bitcoin’s wild swings. It’s a known fact that BTC can jump or drop 10% or more in a single day.

GameStop saw its stock jump around 10% after it said it would buy Bitcoin, only to slide 10% when it made its first purchase of 4,710 BTC. And Paris’s Blockchain Group stock once spiked 220% when it started its Bitcoin buys.

Building a Bitcoin reserve also opens doors. Jenssen told investors that a sizable BTC holding could help K33 launch Bitcoin-backed loans and boost its brokerage arm.

With fresh cash on hand, they plan to team up with other Nordic firms doing the same. He said their treasury will be the base for new revenue and product ideas.

Featured image from Unsplash, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.





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May 29, 2025 0 comments
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European crypto firm K33 raises $6.2M for Bitcoin buys
Crypto Trends

European crypto firm K33 raises $6.2M for Bitcoin buys

by admin May 29, 2025



Norwegian crypto brokerage firm K33 plans to join the growing number of public companies buying up Bitcoin after raising 60 million Swedish krona ($6.2 million) to buy and hold the cryptocurrency.

K33 said on May 28 that it secured financing through convertible loans and a new issue of shares and warrants, which “will be used in full to acquire Bitcoin in order to establish the Bitcoin Treasury Strategy.”

Warrants are zero-interest securities that investors can later convert into equity at the same price. K33 could purchase up to 57 Bitcoin (BTC) at BTC’s current price of just over $108,000. 

Source: K33

K33 CEO Bull Jenssen posted to X on May 28 that he thinks Bitcoin will be the “best-performing asset in the coming decade,” and his company will “accumulate as many as possible while unlocking powerful operational synergies with our brokerage operation.”

“Why wait for the government to build a Bitcoin reserve when you can build you own? Initial financing is secured and we are ready to accelerate from here!” he added in another post. 

The convertible loans total 45 million Swedish krona ($4.6 million), are interest-free and mature on June 30, 2028. The remaining 15 million Swedish krona ($1.5 million) will come through a new share issuance and warrants, according to K33. 

If investors convert their warrants before March 2026, they are entitled to additional free warrants at the same conversion rate. If fully exercised, K33 could raise up to 75 million Swedish krona ($7.7 million) for its Bitcoin buy. 

Bitcoin treasury part of expansion plans 

In K33’s interim report for the first quarter, released May 28, Jenssen said K33 is working with other Bitcoin treasury companies in the Nordics and hopes to use its treasury as a foundation to offer new services, such as BTC-backed lending. 

“For K33, Bitcoin is not only a high-conviction asset — it’s also a strategic enabler. With a sizable BTC reserve, we will be able to strengthen our financial position while unlocking new revenue streams, product capabilities, and partnerships,” he said. 

Related: Strategy bags 4,020 Bitcoin as price briefly breaks $110K

K33’s share price traded flat with the news of its Bitcoin treasury pivot and closed May 28 trading down 1.96%, according to Google Finance.

K33’s stock price wasn’t affected by the announcement of the firm’s Bitcoin strategy. Source: Google Finance

Some companies have seen their stock prices gain after announcing a Bitcoin buying plan.

Video game retailer GameStop shares jumped nearly 12% on March 26 after the company announced plans to purchase Bitcoin. However, it dropped 11% on May 11 after GameStop made its first purchase of 4,710 Bitcoin.

Meanwhile, when Paris-based crypto company Blockchain Group started buying Bitcoin on Nov. 5, its stock spiked 225% to 0.48 euros ($0.52).

Magazine: Rise of MicroStrategy clones, Asia dominates crypto adoption: Asia Express 2024 review



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May 29, 2025 0 comments
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GameFi Guides

Asia Trading Firm Caladan Targets US Market Amid Trump’s Pro-Crypto Pivot

by admin May 26, 2025



In brief

  • Caladan has revealed plans to open a representative office in New York City, committing at least 5% of its global workforce to expand into the U.S. market.
  • The firm is exploring broker-dealer registration and FINRA membership, seeking to build institutional partnerships and engage directly with U.S. regulators.
  • The move comes as the Trump administration rolls back enforcement and backs pro-crypto legislation, creating what Caladan sees as a more favorable environment for global players.

Crypto trading firm Caladan has announced plans to open a representative office in New York City, becoming the latest institutional player to expand into the U.S. as the Trump administration unwinds years of strict enforcement and signals a regulatory reset for the industry.

The Singapore-based firm will allocate at least 5% of its global headcount to the new U.S. office as it attempts to nab itself a broker-dealer registration and potential FINRA membership.

To lead the effort at its U.S. office, Caladan has hired a three-member team led by Gian-Paul Caccia, with experience across both crypto-native and traditional financial institutions, including crypto exchange Coinbase, asset manager BlackRock, investment bank Cowen Digital, and Bank of America.

Their mandate includes building institutional partnerships, advancing compliance strategy, and deepening regulatory engagement, according to a statement shared exclusively with Decrypt.

Caladan described its U.S. entry as part of a broader strategy to link Asia’s crypto market infrastructure with growing institutional momentum in the United States, seeking to serve as a conduit for liquidity, regulatory dialogue, and cross-border strategy.

“It’s not just about operating in the U.S., we want to help shape the rules-based future of crypto markets with full transparency and accountability,” Julia Zhou, COO at Caladan, said in the statement.

Caladan’s U.S. entry comes just as President Donald Trump’s administration tears up the rulebook that once kept firms like it at bay.

Since taking office in January, Trump has appointed pro-crypto SEC Chair Paul Atkins, dropped multiple lawsuits against digital asset firms, and reversed enforcement-heavy policies upheld by the previous administration. 

Nexo, the crypto lender that exited the U.S. market in 2022, citing “regulatory dead ends,” also announced its return last month, crediting Trump’s pro-innovation stance for the renewed access.

The administration has also hosted a White House crypto summit featuring top industry figures and backed the GENIUS Act, a stablecoin framework that cleared the Senate last week and now heads to the House.

Even before his presidential inauguration, Trump launched a meme coin on Solana to tap into crypto culture. Last week’s private gala for top Official Trump (TRUMP) meme coin holders turned that gesture into a focal point for political controversy.

Edited by Sebastian Sinclair

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May 26, 2025 0 comments
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Ethereum
GameFi Guides

Blockchain Firm Explains Why Ethereum Price Can’t Hold Above $2,700

by admin May 26, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The Ethereum price is undoubtedly in a better place in recent weeks than it was in the year’s first quarter. However, the “king of altcoins” appears to be stuck in a loop — one involving repeated pushbacks at a specific price level.

After riding the week’s bullish momentum, the Ethereum price faced significant downward pressure above $2,700 and has since crashed to around where it started the week. Below is the underlying factor for ETH’s struggles above $2,700.

What’s Happening To ETH’s Price Above $2,700?

In a May 24 post on X, blockchain analytics firm Glassnode shared fresh on-chain insights into the movement of the Ethereum price over the past few days. According to the crypto platform, the next most significant level for the price of ETH lies at around $2,800.

The rationale behind this on-chain observation is the cost-basis distribution of the ETH supply. The relevant metric here is cost basis distribution (CBD), which reflects the total Ethereum supply held by addresses with an average cost basis within specific price brackets.

Source: @glassnode on X

As shown in the chart above, the CBD metric uses a heatmap with fixed price bracket levels (on the vertical axis) for a given period (on the horizontal axis). This indicator offers insights into trend shifts in investor cost basis over a specific period.

Glassnode noted that there is a significant cluster of investor cost-basis distribution around the $2,800 Ethereum price level. Basically, this implies that several investors acquired their coins around this price region.

Going further, Glassnode explained that the Ethereum price may witness significant sell-side pressure as it approaches the CBD cluster around $2,800. This phenomenon is based on the propensity of several previously underwater investors to look to offload their assets near breakeven.

This on-chain revelation explains why the Ethereum price has been facing rejection above the $2,700 mark over the past few weeks. For the second-largest cryptocurrency to break above this supply barrier, the demand for ETH around the CBD cluster must outweigh the selling pressure.

However, the Ethereum price could fall to the next support level if it keeps facing significant selling pressure around the $2,800 level. As highlighted by top analyst Ali Martinez on social media platform X, the next major support cushion for the price of ETH lies around $2,380.

Ethereum Price At A Glance

As of this writing, the Ethereum token is valued at around $2,0, reflecting a less than 1% decline in the past 24 hours.

The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView

Featured image from iStock, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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May 26, 2025 0 comments
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Blockchain security firm releases Cetus hack post-mortem report
Crypto Trends

Blockchain security firm releases Cetus hack post-mortem report

by admin May 25, 2025



Blockchain security firm Dedaub released a post-mortem report on the Cetus decentralized exchange hack, identifying the root cause of the attack as an exploit of the liquidity parameters used by the Cetus automated market maker (AMM), which went undetected by a code “overflow” check.

According to the report, the hackers exploited a flaw in the most significant bits (MSB) check, allowing them to manipulate the values for the liquidity parameters by orders of magnitude and establish relatively large positions with a keystroke. The Dedaub security researchers wrote:

“This allowed them to add massive liquidity positions with just one unit of token input, subsequently draining pools collectively containing hundreds of millions of dollars worth of tokens.”

The incident and the post-mortem update reflect the unfortunate trend of cybersecurity exploits and hacks impacting crypto and the Web3 industry.  

Executives in the industry have continually warned that industry firms must establish safeguards and protect users before regulators clamp down and impose safeguards on the industry.

The flawed MSB check. Source: Dedaub

Related: Twice lucky? Cetus’ recovery plan on Sui mirrors a Solana blueprint

The Cetus decentralized exchange hacked, triggering $223 million in losses

On May 22, the Cetus exchange was hacked, causing $223 million in user losses within a 24-hour period.

Cetus and the Sui Foundation also announced that Sui network validators froze a majority of the stolen assets.

$163 million of the $223 million was frozen by validators and ecosystem partners on the same day as the hack, according to the Cetus team.

Response draws criticisms and allegations of centralization

The decision to freeze the stolen funds drew mixed reactions from the crypto community, with decentralization advocates criticizing the validators for stepping in and controlling the chain.

“Sui validators are actively censoring transactions across the blockchain,” one user wrote on X, echoing many other posts.

Source: Sui

“This completely undermines the principles of decentralization and transforms the network into nothing more than a centralized, permissioned database,” the post continued.

“It’s interesting how many Web3 projects backed by VCs lean heavily on centralization, despite borrowing Bitcoin’s ethos,” Steve Bowyer wrote in a May 23 X post.

Magazine: Fake Rabby Wallet scam linked to Dubai crypto CEO and many more victims



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May 25, 2025 0 comments
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DXRacer Craft with plant, desk, and pink wall in background
Product Reviews

DXRacer Craft review: a firm yet comfortable gaming chair with an excellent headrest but weak arms

by admin May 24, 2025



Why you can trust TechRadar


We spend hours testing every product or service we review, so you can be sure you’re buying the best. Find out more about how we test.

DXRacer Craft gaming chair: One-minute review

The new DXRacer Craft is the latest upgrade in the brand’s line of high-end gaming chairs, promising supreme comfort and ergonomic features. In terms of looks, the Craft shows DXRacer has matured from its previous outings, omitting the typical gamer aesthetic that can plague chairs in this class. It’s even smart enough to furnish workspaces.

The build quality seems to match its sleek appearance. The leatherette upholstery on my unit was taut and neatly stitched, as well as feeling quite durable, although it’s not the most breathable material.

Sitting in the Craft is a comfortable experience for the most part. The seat is on the firmer side compared to what the best gaming chairs have to offer, but I still found it offered sufficient cushioning. It’s also quite wide and deep, which helps to get a comfortable position. What’s more, it adjusts well for height, especially at the lower end.


You may like

The backrest is more plush and is easy to sink into. It has built-in lumbar support, which, while easy to adjust for prominence, lacks height adjustment, which isn’t ideal. However, it proved comfortable enough for my back, although I wish it were positioned a tad lower down.

The magnetic head pillow, though, is a standout feature of the Craft. Again, it’s firmer than other head pillows I’ve tried, but it’s still comfortable, while its side bolsters provide additional support when leaning your head to one side.

Assembly was easier than other gaming chairs I’ve put together, thanks to a few convenient touches. These include a slot in the bracket for the backrest, which made one of the most laborious aspects of building a gaming chair a lot less hassle.

For the price, the Craft represents great value for those in the UK, but not so much for those in the US. Still, it’s cheaper than some other big-name rivals, including the all-conquering Secretlab Titan Evo 2022, to which it comes close to matching in terms of quality, comfort, and adjustability. If you can handle a firmer seat and don’t mind the armrests, you could do a lot worse than the Craft.

(Image credit: Future)

  • DXRacer Craft at DXRacer for $479

DXRacer Craft gaming chair review: Price and availability

  • $499 / £368 / AU$759.99
  • Different size options and finishes
  • Well-priced compared to rivals

The Craft costs $499 / £368 / AU$759.99 and is available now. It comes in regular and plus sizes and two upholstery options: EPU leatherette and woven fabric. There’s only one stock color to choose from, but there are various collaboration editions with more extravagant finishes.

The price places the Craft at the higher end of the gaming chair market, although those in the UK get a much better deal. Regardless of territory, though, it’s still less than the Secretlab Titan Evo 2022, which we think is still the best gaming chair around. It has better arms than the Craft, and it might just edge ahead in terms of overall build quality, but the Craft comes admirably close.

In the UK, the Craft is priced similarly to the Boulies Elite, which is comparable in many aspects, although that chair does have height-adjustable lumbar support. However, this and its other adjustments are awkward and clunky, which certainly isn’t the case with the Craft.

DXRacer Craft gaming chair review: Specs

Swipe to scroll horizontally

Price

$499 / £368 / AU$759.99

Dimensions

52.4 x 27.6 x 22.1in / 133 x 70 x 56cm

Max user weight

275lbs / 125kg

Min seat height

18.5in / 47cm

Seat width

22.2in / 56cm

Recline angle

135 degrees

Warranty

3 years

Material

Leatherette, fabric

DXRacer Craft gaming chair: Design and aesthetics

  • Great overall build quality
  • Leatherette not the most breathable
  • Less than solid arm rests

The Craft adopts the usual gaming chair silhouette, although thankfully, its design is more pared down than DXRacer’s of old. The all-black colorway of my unit imparts a level of elegance and makes for a more professional appearance, so it wouldn’t look out of place in an office environment.

The overall build quality of the Craft is commendable, with a solid frame that is mercifully lighter than you might expect. There are also some neat touches, such as magnetically attachable covers for the backrest brackets.

The upholstery is similarly premium. The stitching is neat and strong, and the EPU leatherette material on my unit appeared hard-wearing and durable. It also lacks the suede accents you often find on other PU gaming chairs, which I find rather pointless anyway. However, the leatherette finish might prove a little too thick to be breathable for those in hotter climes.

The arms, however, aren’t as solid as you might expect. There’s a fair amount of wobble to them, although this isn’t really noticeable unless you move around quite vigorously, but it’s worth mentioning still.

The castors offer a fairly smooth roll, although they do tend to grab somewhat on carpet, but not to a frustrating degree. I was more thankful for the rounded ends of the wheel base spokes, which means less pain if you happen to clip your heels or stub your toe on them, as I’m personally liable to do.

(Image credit: Future)

DXRacer Craft gaming chair review: Comfort and Adjustability

  • Firm but comfortable seat
  • Built-in lumbar, but not height adjustable
  • Excellent head pillow

The Craft is a comfortable chair to sit in. The seat is quite firm, which may deter some users, and may cause fatigue after really long sessions, but I personally found it provided enough cushioning.

It also offers plenty of depth, which is something I welcome and is considered a benefit from an ergonomic perspective. It’s quite wide too, which adds to its comfort levels, and the bolstering is largely flat so as not to intrude or encumber various seating positions.

I was pleased with the height range of the Craft as well. It lowered enough for my feet to comfortably touch the ground, which is rare in the various gaming chairs I’ve experienced. The tilt mechanism allows for gentle rocking and locks in place securely when desired.

The 4D armrests are comfortable enough, largely thanks to their width and adjustability. However, the padding is quite hard, which might be a dealbreaker for some gamers, and they don’t move inwards as much as I would like them to. What’s more, some of the adjustments are very stiff and don’t feel as well engineered as those on some other upmarket gaming chairs.

The backrest is very comfortable and offers more cushioning than the seat. It’s also reasonably wide, and the side bolsters curve well out of the way of your arms, so you’re not likely to hit them with your elbow.

(Image credit: Future)

All of these factors help to make the Craft an easy chair to sink into. It doesn’t recline to a full 180 degrees, though, but it still goes back quite far, and the lever to operate it is smooth yet secure.

It also features built-in lumbar support, although oddly, the adjustment dial is labelled as “Resistance”. Regardless, it’s relatively easy to use, and there aren’t too many twists between the two extremes of its range, as I’ve found with other gaming chairs.

Unfortunately, though, this lumbar support isn’t height adjustable, which will be a shame for those who don’t meet its set position. Personally, it was a touch too high for my liking, but it at least covers a wide area, which helps to even out the pressure it exerts on your back. There’s also plenty of adjustment when it comes to its prominence.

Surprisingly, the included magnetic head pillow is one of the highlights of the Craft –rivaling the most comfortable gaming chairs in this regard – with its firm yield offering cushioning and support in equal measure, while its contours fit the back of my head perfectly. I was also fond of its wingbacked design, which offers support for those who like to drift off in their chair.

DXRacer Craft gaming chair review: Assembly

The Craft proved easier to build than other gaming chairs. The instructions were clear, and the box contents were neatly packaged, which helped speed up the process. The chair’s relatively light construction made assembly less onerous than it would’ve been, and a few considerate touches, such as the preinstalled armrests and long double-sided Allen wrench, illustrate DXRacer’s commitment to improving convenience.

Best of all, there’s a slot on the right backrest bracket, which means you can easily slide in and align the backrest before you screw in the bolts. This is a real time-saver, and a feature I wish every gaming chair would adopt.

However, I should mention that the plastic cover for the recline mechanism arrived broken in the box. DXRacer was quick to send a replacement part, but the international shipping (from Europe to the UK) made the dispatch slower than it probably would’ve been domestically.

(Image credit: Future)

Should I buy the DXRacer Craft gaming chair?

Buy it if…

Don’t buy it…

DXRacer Craft gaming chair: Also consider

Here are some alternatives to the DXRacer Craft if it doesn’t sound like your kind of gaming chair.

Swipe to scroll horizontallyHeader Cell – Column 0

DXRacer Craft

Secretlab Titan Evo 2022 (Regular)

Boulies Elite

Price

$499 / £368 / AU$759.99

$549 / £469 / AU$799

$399 / £339 / AU$594

Dimensions

52.4 x 27.6 x 22.1in / 133 x 70 x 56cm

51.2 x 27.6 x 19.3in / 130 x 70 x 49cm

50.4 x 28 x 18.9in / 128 x 71 x 48cm

Max user weight

275lbs / 125kg

285lbs / 130kg

243lbs / 110kg

Min seat height

18.5in / 47cm

17.7in / 45cm

18.1in / 46cm

Seat width

22.2in / 56cm

18.5in / 47cm

20.9in / 53cm

Recline angle

135 degrees

165 degrees

165 degrees

Warranty

3 years

3 years

2 years

Material

Leatherette, fabric

Leatherette, fabric

Leatherette, fabric

(Image credit: Future)

How I tested the DXRacer Craft gaming chair

  • Tested for full day
  • Used for gaming and productivity
  • Plentiful gaming chair experience

I tested the Craft for a full day, during which time I used it for gaming and for working. I made sure to try out all of its various adjustments.

I have been gaming for decades, and during that time, I’ve experienced numerous chairs, from gaming models to those designed for office and productivity. I have also reviewed a number of them previously.

DXRacer Craft: Price Comparison



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May 24, 2025 0 comments
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GameFi Guides

Publicly Traded Semler Scientific Buys More Bitcoin as Law Firm Targets Company

by admin May 24, 2025



In brief

  • A law firm has opened up an investigation into Semler Scientific’s compliance with securities laws and other business practices.
  • Bragar Eagel & Squire urged Semler’s shareholders who have “suffered losses” to contact its lawyers.
  • Semler disclosed another $50 million Bitcoin buy this week, bringing its BTC stash to $466 million worth.

A U.S. law firm is considering potential legal claims against Nasdaq-listed healthcare technology firm Semler Scientific, on behalf of the Bitcoin-holding company’s shareholders—though it hasn’t stopped Semler from buying up BTC.

Bragar Eagel & Squire, P.C. on Thursday said it is looking into whether Semler Scientific violated federal securities laws or engaged in other unlawful business practices. In a statement, the law firm urged Semler’s shareholders to contact its lawyers in relation to the investigation.

The medical device company revealed in February that the U.S. Department of Justice might file a legal complaint against its business.

$SMLR acquires 455 #Bitcoins for $50 million and has generated BTC Yield of 25.8% YTD. Now holding 4,264 $BTC. Flywheel in motion. 🚀

— Eric Semler (@SemlerEric) May 23, 2025

The DOJ opened an initial civil investigation into Semler’s reimbursement claims, or requests to be reimbursed for certain business expenses related to its QuantaFlo device, in 2017. The federal agency also sent several follow-up requests to Semler in 2019, 2021, 2022, and 2023. And, more recently, the two parties tried and failed to settle the matter.

It isn’t immediately clear whether the potential upcoming Justice Department legal complaint would go beyond the breadth of the agency’s initial inquiry into Semler Scientific’s business practices.



Neither Semler Scientific nor Bragar Eagel & Squire immediately replied to Decrypt’s request for comment. 

Semler Scientific shares were trading at $44.20 on Friday, down 1.6% over the past 24 hours. Semler, which has pivoted its focus to become a Bitcoin treasury, has rallied following a rough patch for the company’s stock following the announcement of the DOJ investigation.

The company recently bought another $50 million worth of Bitcoin, as announced Friday, bringing its total holdings to 4,264 tokens, worth roughly $466 million based on current prices.

Bitcoin was recently trading at $108,915, down 2.5% over the past 24 hours but up 16% during the past month, according to CoinGecko data.

Edited by James Rubin

Daily Debrief Newsletter

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May 24, 2025 0 comments
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NFT Gaming

How Much Profit Is Firm In Now?

by admin May 20, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Strategy has just announced its brand new Bitcoin purchase. Here’s how the profit-loss situation of the firm’s holdings looks now.

Strategy Has Made A New Bitcoin Acquisition Worth $764 Million

In a new post on X, Strategy Chairman Michael Saylor has shared the announcement related to the latest Bitcoin purchase by the company. With this new buy, the firm has added another 7,390 BTC to its holdings.

These tokens were purchased at a price of about $103,498 per coin or approximately $764.9 million in total. This is the third acquisition that the company has made in this month of May and it’s far larger than the $180 million first buy, but significantly falls behind the $1.34 billion second purchase.

Following this acquisition, Strategy now holds about 576,230 BTC. The company has spent a total of $40.18 billion on its BTC purchases, which comes down to about $69,726 per coin. This value is clearly significant under the current spot price, so the firm’s holdings would be in notable profit.

CryptoQuant community analyst Maartunn has shared a chart in an X post that shows exactly how much profit Strategy is in at the moment.

The trend in the unrealized profit/loss held by Strategy over the years | Source: @JA_Maartun on X

As displayed in the above graph, Strategy has naturally seen its unrealized gain spike alongside the latest surge in the cryptocurrency’s price. The firm’s Bitcoin stack is now sitting on a whopping $21.1 billion in profit.

From the chart, it’s visible that the company’s holdings have remained in the green since late 2023, being unshaken by any volatility that BTC has faced during the past year. Naturally, if the current BTC rally is going to last, then Strategy should maintain its greenness in the near term.

As for whether the run can actually sustain, an indicator that can provide hints about it is the Relative Strength Index (RSI). As analyst Ali Martinez has explained in an X post, the daily value of the metric has surged into the overbought territory recently.

The trend in the 14-day RSI of BTC during the past year | Source: @ali_charts on X

The RSI is a metric that basically measures the speed and magnitude of the changes happening in any asset’s price over a given period. In the current case, the period is the 14-day one.

When the indicator’s value is greater than 70, it can be a sign that Bitcoin is becoming overpriced. On the other hand, it being under 30 implies underbought conditions.

As is apparent from the chart, the Bitcoin RSI fell out of the overbought region earlier, but now, it has made a return to it. As such, if the indicator is anything to go by, it’s possible that BTC could encounter turbulence in the coming days.

BTC Price

Bitcoin has gone through a rollercoaster over the past day with its price witnessing sharp swings in either direction, with the latest one taking it to $105,200.

Looks like the price of the coin has seen a surge in the past few hours | Source: BTCUSDT on TradingView

Featured image from Dall-E, Glassnode.com, CryptoQuant.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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May 20, 2025 0 comments
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    August 21, 2025

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Welcome to Laughinghyena.io, your ultimate destination for the latest in blockchain gaming and gaming products. We’re passionate about the future of gaming, where decentralized technology empowers players to own, trade, and thrive in virtual worlds.

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