Bitcoin

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Yesterday, Bitcoin reached a new ATH above $107,000, as BTC ETF cumulative flows topped $36 billion.</li> 
 <li>Besides MicroStrategy’s latest $1.5 billion BTC purchase, Riot and Semler Scientific also bought more BTC.</li> 
</ul> 
<p>On December 16, Bitcoin reached a new ATH above $107,000, fueled by multiple factors, including new flows into the US BTC ETFs, increased global adoption, and institutional interest, amidst an optimistic market.</p> 
<h2 id="bitcoin-etfs-surpass-36-billion-in-cumulative-flows">Bitcoin ETFs Surpass $36 Billion in Cumulative Flows</h2> 
<p>Yesterday, Bitcoin ETFs recorded their 13th consecutive day of inflows at almost $637 million. Since November 27, the crypto products reached almost $6 billion in inflows, according to data from <a href="https://sosovalue.com/assets/etf/us-btc-spot" rel="nofollow noopener" target="_blank">SoSoValue</a>.</p> 
<figure id="attachment_55305" aria-describedby="caption-attachment-55305" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/12/17dec.png"><img loading="lazy" decoding="async" class="wp-image-55305 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/12/17dec.png" alt="SoSoValue " width="1557" height="594" title="Bitcoin Hit a New ATH Above $107K, as BTC ETFs Recorded 13 Consecutive Inflow Days 28" srcset="https://crypto.ro/en/wp-content/uploads/2024/12/17dec.png 1557w, https://crypto.ro/en/wp-content/uploads/2024/12/17dec-300x114.png 300w, https://crypto.ro/en/wp-content/uploads/2024/12/17dec-1024x391.png 1024w, https://crypto.ro/en/wp-content/uploads/2024/12/17dec-768x293.png 768w, https://crypto.ro/en/wp-content/uploads/2024/12/17dec-1536x586.png 1536w, https://crypto.ro/en/wp-content/uploads/2024/12/17dec-750x286.png 750w, https://crypto.ro/en/wp-content/uploads/2024/12/17dec-1140x435.png 1140w" sizes="(max-width: 1557px) 100vw, 1557px"></a>
 <figcaption id="caption-attachment-55305" class="wp-caption-text">
  SoSoValue
 </figcaption>
</figure> 
<p>As of December 16, BTC ETFs surpassed $120.7 billion in total net assets locked and topped $36.2 billion in cumulative flows since their launch in January.</p> 
<p>These impressive numbers mirror increased institutional interest in BTC and related products.</p> 
<p>Yesterday, we revealed that MicroStrategy continued its BTC buying strategy with its<a href="https://crypto.ro/en/news/microstrategy-buys-1-5b-in-bitcoin-raising-btc-holdings-at-439k/"> latest acquisition</a> of $1.5 billion in BTC, raising its total holdings to 439,000 BTC worth almost $47 billion at current prices.</p> 
<p>Apart from MicroStrategy, other important companies continue to buy BTC.</p> 
<h2 id="semler-scientific-and-riot-platforms-acquire-more-btc">Semler Scientific and Riot Platforms Acquire More BTC</h2> 
<p>Yesterday, Eric Semler, Semler Scientific’s chair, announced that the company had bought 211 BTC for $21.5 million at $101,890 per coin. As of December 15, the company held 2,084 BTC acquired for $168.6 million at $80,916 per coin.</p> 
<figure id="attachment_55306" aria-describedby="caption-attachment-55306" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/12/eric.png"><img loading="lazy" decoding="async" class="wp-image-55306 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/12/eric.png" alt="Eric Semler via X" width="753" height="697" title="Bitcoin Hit a New ATH Above $107K, as BTC ETFs Recorded 13 Consecutive Inflow Days 29" srcset="https://crypto.ro/en/wp-content/uploads/2024/12/eric.png 753w, https://crypto.ro/en/wp-content/uploads/2024/12/eric-300x278.png 300w, https://crypto.ro/en/wp-content/uploads/2024/12/eric-750x694.png 750w" sizes="(max-width: 753px) 100vw, 753px"></a>
 <figcaption id="caption-attachment-55306" class="wp-caption-text">
  Eric Semler via X
 </figcaption>
</figure> 
<p>Semler Scientific is a company that provides medical technology and software enabling testing for early chronic disease detection. It adopted a Bitcoin Treasury in May 2024, recording a BTC yield of 67% QTD and of almost 93% since adopting their BTC treasury strategy, according to the company’s chair.</p> 
<p>Riot Platforms Bitcoin mining company also announced acquiring more BTC yesterday. In a post via X, the team noted that with the additional proceeds from its latest $594 million offering, it bought 667 BTC at an average price of $101,135 per coin.</p> 
<p>Riot increased its holdings to 17,429 BTC valued at $1.8 billion at the time the X post was made on December 16.</p> 
<p>Via its acquisition and mining production YTD, Riot generated a BTC Yield Per Share of 36.7% QTD and 37.2% YTD, according to the notes.</p> 
<figure id="attachment_55307" aria-describedby="caption-attachment-55307" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/12/riot17.png"><img loading="lazy" decoding="async" class="wp-image-55307 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/12/riot17.png" alt="Riot Platforms via X" width="773" height="787" title="Bitcoin Hit a New ATH Above $107K, as BTC ETFs Recorded 13 Consecutive Inflow Days 30" srcset="https://crypto.ro/en/wp-content/uploads/2024/12/riot17.png 773w, https://crypto.ro/en/wp-content/uploads/2024/12/riot17-295x300.png 295w, https://crypto.ro/en/wp-content/uploads/2024/12/riot17-768x782.png 768w, https://crypto.ro/en/wp-content/uploads/2024/12/riot17-75x75.png 75w, https://crypto.ro/en/wp-content/uploads/2024/12/riot17-750x764.png 750w" sizes="(max-width: 773px) 100vw, 773px"></a>
 <figcaption id="caption-attachment-55307" class="wp-caption-text">
  Riot Platforms via X
 </figcaption>
</figure> 
<p>On December 13, we <a href="https://crypto.ro/en/news/bitcoin-miner-riot-platforms-bought-over-510m-in-btc/">revealed</a> that the company had bought $510 million in BTC, ahead of yesterday’s latest announcement.</p> 
<h2 id="btc-hit-a-new-ath-amidst-increased-global-adoption">BTC Hit a New ATH Amidst Increased Global Adoption</h2> 
<p>As institutional interest in BTC continues to grow, and companies are setting up their Bitcoin reserves, MicroStrategy’s<a href="https://crypto.ro/en/news/microstrategy-becomes-1st-bitcoin-centric-company-to-join-the-nasdaq-100-index/"> latest inclusion</a> in the Nasdaq 100 Index will boost this exposure and support adoption.</p> 
<p>Also, Trump recently <a href="https://crypto.ro/en/news/trump-confirmed-upcoming-us-bitcoin-reserve-15t-market-cap-surge-predicted/">confirmed</a> an upcoming BTC reserve in the US; Russia and Japan reportedly have plans to create their BTC reserves, mirroring an increase in adoption.</p> 
<p>Europe<a href="https://crypto.ro/en/news/bitcoin-mining-a-solution-for-europes-energy-crisis/"> recognized</a> BTC’s real-world use cases and the potential to support the continent during its energy crisis.</p> 
<p>Increased adoption and optimism about the industry’s future pushed BTC above $107,000 on December 16 when it reached a new ATH.</p> 
<figure id="attachment_55308" aria-describedby="caption-attachment-55308" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/12/BTC_1D_graph_coinmarketcap-2024-12-17T101433.159.jpeg"><img loading="lazy" decoding="async" class="wp-image-55308 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/12/BTC_1D_graph_coinmarketcap-2024-12-17T101433.159.jpeg" alt="BTC price in USD today" width="1200" height="800" title="Bitcoin Hit a New ATH Above $107K, as BTC ETFs Recorded 13 Consecutive Inflow Days 31" srcset="https://crypto.ro/en/wp-content/uploads/2024/12/BTC_1D_graph_coinmarketcap-2024-12-17T101433.159.jpeg 1200w, https://crypto.ro/en/wp-content/uploads/2024/12/BTC_1D_graph_coinmarketcap-2024-12-17T101433.159-300x200.jpeg 300w, https://crypto.ro/en/wp-content/uploads/2024/12/BTC_1D_graph_coinmarketcap-2024-12-17T101433.159-1024x683.jpeg 1024w, https://crypto.ro/en/wp-content/uploads/2024/12/BTC_1D_graph_coinmarketcap-2024-12-17T101433.159-768x512.jpeg 768w, https://crypto.ro/en/wp-content/uploads/2024/12/BTC_1D_graph_coinmarketcap-2024-12-17T101433.159-750x500.jpeg 750w, https://crypto.ro/en/wp-content/uploads/2024/12/BTC_1D_graph_coinmarketcap-2024-12-17T101433.159-1140x760.jpeg 1140w" sizes="(max-width: 1200px) 100vw, 1200px"></a>
 <figcaption id="caption-attachment-55308" class="wp-caption-text">
  BTC price in USD today
 </figcaption>
</figure> 
<p>At the moment of writing this article, the digital asset is trading at $107,000, up by 2% today, and has a market cap of $2.11 trillion.</p> 
<p>Investors are waiting for tomorrow’s FOMC meeting which could bring a new US interest rate cut by the Fed, another price trigger for BTC at the end of this year. Odds for a 25 bps rate cut are currently above 97%, according to<a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html" rel="nofollow noopener" target="_blank"> CME Group</a>.</p> 
<p>Predictions remain <a href="https://crypto.ro/en/news/bitcoin-to-hit-160000-and-surpass-8-adoption-threshold-in-2025/">optimistic</a> for 2025 regarding BTC and the entire crypto industry.</p>

Bitcoin Hit a New ATH Above $107K, as BTC ETFs Recorded 13 Consecutive Inflow Days

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