Bitcoin’s Meteoric Rise: Surpassing Amazon’s Market Capitalization
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Bitcoin’s Unprecedented Price Surge
Bitcoin (BTC) has reached a new milestone, climbing past the remarkable $120,000 mark earlier today. This surge has propelled its market capitalization to exceed that of e-commerce behemoth Amazon, which stands at $2.38 trillion. With this achievement, Bitcoin now ranks just behind leading global assets such as gold, Nvidia, Microsoft, and Apple in terms of market value.
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The Factors Fueling Bitcoin’s Ascendancy Over Amazon
In a recent post by well-known crypto analyst Crypto Rover, it was highlighted that Bitcoin has officially surpassed Amazon in total market capitalization. The provided data shows Bitcoin with a market cap of $2.43 trillion at a price of $122,304, outpacing Amazon’s $2.38 trillion.
The analysis further indicates that Bitcoin is closing in on Apple’s market cap of $3.15 trillion. Meanwhile, gold continues to be the world’s top asset, boasting an impressive valuation of $22.64 trillion.
Institutional interest is a significant driver behind Bitcoin’s explosive rally, reaching near all-time high levels. According to crypto analyst Mister Crypto, crypto investment products have experienced inflows of $3.7 billion in the past week alone, marking the second-largest weekly inflow on record. This development is seen as a highly positive indicator for Bitcoin’s future.
Data from SoSoValue reveals that assets held in spot Bitcoin exchange-traded funds (ETFs) have now amassed a total of $150 billion, accounting for over 6.4% of Bitcoin’s total market capitalization.
Corporate Adoption of Bitcoin on the Rise
As Bitcoin solidifies its reputation as a reliable store of value, an increasing number of corporations are incorporating BTC into their financial reserves. For example, Michael Saylor’s company, MicroStrategy, remains the largest corporate holder of Bitcoin, continually expanding its holdings.
Today, MicroStrategy announced the acquisition of an additional 4,225 BTC for $472.5 million, at an average price of $111,827 per Bitcoin. The company’s total BTC holdings now amount to 601,550 coins, valued at $42.87 billion with an average cost of $71,268 per coin.
Similarly, the Japanese investment firm Metaplanet, often referred to as “Asia’s Strategy,” recently disclosed its purchase of 800 BTC. The firm now holds 16,532 BTC and has set an ambitious goal to accumulate 210,000 BTC by the end of 2027.
A report from institutional research firm Blockware Intelligence suggests that as many as 36 additional companies could add Bitcoin to their balance sheets by the end of 2025, further cementing BTC’s status as a valuable asset.
Adding to the optimistic outlook, the available supply of Bitcoin on cryptocurrency exchanges is diminishing amid growing demand. This supply shortage could potentially drive prices higher in the near future. Currently, Bitcoin is trading at $121,062, marking a 2% increase in the past 24 hours.
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