Bitcoin News: Bitcoin Surpasses Amazon’s $2.3T Market Cap, Becomes 5th Largest Global Asset
With a $2.4 trillion market cap, Bitcoin now trails only Apple, Microsoft, Saudi Aramco, and gold. Spot ETF demand, regulatory momentum, and institutional accumulation are driving its ascent.Key Takeaways:Bitcoin hits new all-time high of $122,600, pushing market cap to $2.4 trillion.BTC overtakes Amazon, Silver, and Alphabet, becoming the fifth-largest asset globally.A continued spot ETF buying streak, now in its seventh day, added over $1 billion in inflows on Friday.More than 265 companies now hold Bitcoin on balance sheets, up from 124 in early June.Analysts see potential for BTC to surpass Apple and Microsoft, implying targets of $142K–$167K.Bitcoin Overtakes Amazon and Silver in Market CapBitcoin’s latest price surge — peaking at $122,600 on Monday — pushed its market capitalization to $2.4 trillion, leapfrogging major global assets including:Amazon ($2.3T)Silver ($2.2T)Alphabet (Google) ($2.19T)This milestone positions Bitcoin as the fifth-largest asset in the world, behind only Apple, Microsoft, Saudi Aramco, and gold.The move reflects Bitcoin’s growing financial legitimacy, driven by strong institutional demand and macroeconomic shifts.“The legitimacy of Bitcoin as an investable asset class is no longer in question,” said Enmanuel Cardozo, market analyst at Brickken. “The supportive macro environment may help Bitcoin even surpass Apple’s market cap.”Spot Bitcoin ETFs Fuel Price MomentumBitcoin’s record run is being fueled in part by sustained inflows into U.S. spot Bitcoin ETFs, which ended last week with a seven-day buying streak. On Friday alone, net inflows topped $1 billion, according to Farside Investors.This follows February 2024 data showing that ETFs accounted for 75% of new Bitcoin investments, propelling BTC past $50,000 at the time.ETF-related Bitcoin holdings have surged to 1.4 million BTC, or 6.6% of the total supply, as institutional players like BlackRock and Fidelity continue to accumulate.Corporate Bitcoin Treasuries Double in a MonthCorporate adoption is accelerating as well:265 companies now hold BTC in their treasuries — up from 124 just over a month ago.Combined, public companies and ETFs now hold over 3.5 million BTC.853,000 BTC (4% of supply) in public company treasuries.1.4 million BTC (6.6%) held by ETFs.This growing wall of institutional ownership continues to reduce supply and adds upward pressure on price.What’s Next: Apple and Microsoft in Sight?Bitcoin now sits just $730 billion shy of Apple’s $3.1 trillion valuation. If BTC’s market cap matches Apple’s, its price would reach around $142,000.Matching Microsoft’s $3.6 trillion market cap would require BTC to climb to around $167,000 — a scenario analysts say is “not outside the realm of possibility” given ETF demand and potential U.S. regulatory clarity.Legislative Tailwinds: “Crypto Week” in CongressBitcoin’s rise also coincides with “Crypto Week” in Washington, where lawmakers are reviewing major bills aimed at:Establishing a national stablecoin framework (GENIUS Act)Defining crypto market oversight (CLARITY Act)Blocking a CBDC rollout (Anti-CBDC Surveillance State Act)If passed, these bills could reinforce the U.S.'s position as a global crypto hub and further validate Bitcoin’s role in institutional portfolios, according to Cointelegraph.With price momentum, policy clarity, and institutional accumulation aligning, Bitcoin’s rise to the fifth-largest global asset appears to be more than a momentary spike.“This isn’t just another crypto rally,” Cardozo added. “It’s a reshaping of the global financial hierarchy — and Bitcoin is climbing fast.”