Bitcoin Flips Amazon’s $2.3T Market Cap to Become 5th Global Asset
The post Bitcoin Flips Amazon’s $2.3T Market Cap to Become 5th Global Asset appeared on BitcoinEthereumNews.com.
Bitcoin’s market worth surpasses $2.4 trillion, putting it ahead of Amazon.
Institutional ETFs drive a seven-day buying streak, adding $1B+ inflows.
Over 265 companies now hold Bitcoin, doubling corporate adoption since June.
Bitcoin has soared to a new high of 123.05k and even surpassed its market cap to over 2.4 trillion dollars, ahead of Amazon with its 2.3 trillion dollar market cap, and is considered it to be the fifth most valuable asset in the whole planet. The milestone makes the cryptocurrency a history-maker since it has not only overtaken Amazon but also silver and Alphabet (Google) and beaten them to be placed second last after the likes of Apple, Microsoft, Saudi Aramco, and gold in the world asset ranking. Source – Farside Investors The rally has been prompted by a seven-day buying frenzy that has been sponsored by the US spot Bitcoin exchange-traded funds (ETFs) that have increased over $1 billion in net inflows in a day. These institutional investments have resulted in a significant rise in the liquidity and price impetus of Bitcoin, as it is emerging that the big financial players are getting more and more confident. Institutional Demand and Corporate Adoption Drive Bitcoin’s Rise The question of whether or not Bitcoin is an investment-grade and viable asset class is no longer in the air. Over 265 companies currently hold Bitcoin in their balance sheets, nearly double the earlier figure of 124 companies at the start of June. Treasuries held by corporations have a total of nearly four million Bitcoins, while treasuries held by listed companies have 853,000 Bitcoins, and spot exchange-traded funds have 1,400,000 Bitcoins. This flow of institutions and companies explains the transition of Bitcoin to a mainstream financial asset, rather than a speculative one. The regulatory wave in the United…
Filed under: News - @ July 14, 2025 9:30 pm