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Bitcoin Drops to $104,633 with a 0.17% Decrease in 24 Hours

Bitcoin has dropped to $104,633, with a narrowed 0.17% decrease in 24 hours.

ARK Invest Sells Nearly $1 Million in Circle Shares in Two Days

According to Cointelegraph, ARK Invest sold nearly $1 million in Circle shares within two days. ARK sold 300,108 shares of Circle on June 17, worth $447,000.

Circle shares up 8% in overnight trading. ARK sold a total of 642,766 shares of Circle over two days, worth approximately $96.5 million.

Except for ARK, other major Circle investors have not reported selling shares. Circle CEO Jeremy Allaire plans to sell 1.58 million shares in the IPO, accounting for 8% of his holdings.

Solana’s “MicroStrategy” Sol Strategies Files to Trade on Nasdaq

The Canadian Stock Exchange-listed Sol Strategies has filed with the U.S. Securities and Exchange Commission (SEC) to trade on Nasdaq, one of the largest stock exchanges in the world, where broader liquidity lies. 

The move has sparked enthusiasm in the Solana community, with investors anticipating more bullish sentiment and potential capital inflows in the Solana ecosystem. 

In the official filing, proposing trading for Sol Strategies under the ticker ‘STKE’ positions it as a potential trailblazer, with it mirroring MicroStrategy’s pioneering adoption of Bitcoin as a reserve asset since 2020. 

The announcement, made by Wu Blockchain, highlights the company’s strategic accumulation of over 420,000 SOL tokens—currently valued at approximately $61.7 million—as a treasury asset, alongside its role as a Solana validator.

Slide Insurance Stock Climbs 19% in First Day of Trading

Slide Insurance Holdings Inc. stock rose 19% to $20.25 on Wednesday, its first day as a publicly traded stock.

The insurer's upsized IPO was priced at $17 per share, the top end of its expected range, due to strong demand for the shares.

Compared with other recent IPOs in the financials sector, Slide's first-day trading pop was modest. Its market cap stands at ~$2.5B.

Semler Scientific Sets Ambitious Bitcoin Reserve Goals for 2025

Semler Scientific, a publicly traded U.S. company, has appointed Joe Burnett as the Director of Bitcoin Strategy. The company has outlined ambitious targets for its Bitcoin reserves over the next three years. By the end of 2025, Semler Scientific aims to hold at least 10,000 Bitcoins, increasing to 42,000 by the end of 2026, and reaching 105,000 by the end of 2027. The company plans to achieve these goals through equity, debt financing, and operational cash flow.

Eric Semler, the Chairman of Semler Scientific, expressed confidence that Burnett's appointment will support the company's long-term Bitcoin strategy. Since adopting Bitcoin as its primary reserve asset in 2024, Semler Scientific has achieved approximately a 287% return on its Bitcoin investments, resulting in a $177 million gain on its balance sheet.

Trump Extends TikTok Sale Deadline by 90 Days

U.S. President Donald Trump signed an executive order on June 19, extending the deadline for TikTok's sale by an additional 90 days. This decision delays the enforcement of the 'sell or ban' policy concerning the popular social media app.

In response to circulating rumors, TikTok clarified on social media that claims about its owners purchasing TRUMP tokens are entirely fabricated and irresponsible.

Bitcoin Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Wednesday was $389.57 million. The total net asset value of Bitcoin spot ETFs is $127.43 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.12%.

The Bitcoin spot ETF with the highest net inflow on Jun. 18 was iShares Bitcoin Trust ETF, with a net inflow of $278.93 million. Following that was Fidelity Wise Origin Bitcoin Fund, with a net inflow of 104.38 million, according to SoSoValue.

SoSoValue