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

Key Points

• Yesterday, Bitcoin reached a new ATH above $107,000, as BTC ETF cumulative flows topped $36 billion.
• Besides MicroStrategy’s latest $1.5 billion BTC purchase, Riot and Semler Scientific also bought more BTC.

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.

Bitcoin ETFs Surpass $36 Billion in Cumulative Flows

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 SoSoValue .

SoSoValue

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.

These impressive numbers mirror increased institutional interest in BTC and related products.

Yesterday, we revealed that MicroStrategy continued its BTC buying strategy with its latest acquisition of $1.5 billion in BTC, raising its total holdings to 439,000 BTC worth almost $47 billion at current prices.

Apart from MicroStrategy, other important companies continue to buy BTC.

Semler Scientific and Riot Platforms Acquire More BTC

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.

Eric Semler via X

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.

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.

Riot increased its holdings to 17,429 BTC valued at $1.8 billion at the time the X post was made on December 16.

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.

Riot Platforms via X

On December 13, we revealed that the company had bought $510 million in BTC, ahead of yesterday’s latest announcement.

BTC Hit a New ATH Amidst Increased Global Adoption

As institutional interest in BTC continues to grow, and companies are setting up their Bitcoin reserves, MicroStrategy’s latest inclusion in the Nasdaq 100 Index will boost this exposure and support adoption.

Also, Trump recently confirmed an upcoming BTC reserve in the US; Russia and Japan reportedly have plans to create their BTC reserves, mirroring an increase in adoption.

Europe recognized BTC’s real-world use cases and the potential to support the continent during its energy crisis.

Increased adoption and optimism about the industry’s future pushed BTC above $107,000 on December 16 when it reached a new ATH.

BTC price in USD today

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.

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 CME Group .

Predictions remain optimistic for 2025 regarding BTC and the entire crypto industry.