Bitcoin and Ethereum both surpassed the $72,000 and $4,000 marks respectively on Monday (11th). They also climbed one spot each in the global asset rankings, with Bitcoin currently surpassing silver to claim the 8th position, while Ethereum surpassed Walmart to reach the 19th position.
Bitcoin (BTC) Continues to Reach New Historical Highs
After breaking the $72,000 milestone, according to real-time data from 8MarketCap, the market value of Bitcoin has surpassed $1.4 trillion, surpassing silver, Meta owned by Zuckerberg, and Berkshire Hathaway owned by Buffett, among other top-tier companies, making it the 8th largest asset in the world.
Source: 8MarketCap
Ethereum Rises to the 19th Largest Asset
After rising above $4,000, Ethereum currently has a market value of $485.04 billion, surpassing Walmart to become the 19th largest asset in the world, leaving behind assets such as the SPDR S&P 500 ETF Trust, LVMH, and iShares Core S&P 500.
Source: 8MarketCap
MicroStrategy Adds 12,000 Bitcoins to its Holdings
While Bitcoin is at its historical high and investors are closely watching for a potential correction, MicroStrategy, the dominant holder of Bitcoin among US-listed companies, disclosed yesterday (11th) that it has completed the issuance and sale of $800 million in senior convertible notes and will use the funds to purchase an additional 12,000 Bitcoins within a two-week period from February 26th to March 10th. This increases their total Bitcoin holdings to 205,000 coins, with a total value of $14.758 billion, resulting in a floating profit of $7.848 billion.
Source: bitcointreasuries
Further reading:
BTC Soars and Michael Saylor’s Net Worth Increases by $700 million in Three Days, MicroStrategy Stock Surges 40%
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