Bitcoin and Ethereum both surpassed the $72,000 and $4,000 thresholds respectively on Monday (11th), and also climbed one spot each in the global asset rankings. Bitcoin has now overtaken silver to claim the 8th position, while Ethereum has surpassed Walmart to reach the 19th position.
Bitcoin (BTC) continues to reach new all-time highs. After breaking the $72,000 mark, data from 8MarketCap shows that Bitcoin’s market value has surpassed $1.4 trillion, surpassing silver, Meta owned by Zuckerberg, Berkshire Hathaway owned by Buffett, and other top companies, becoming the 8th largest asset in the world.
Source: 8MarketCap
Ethereum reaches the 19th position as a major asset. After rising above $4,000, Ethereum’s market value of $485.04 billion has surpassed Walmart, making it the 19th largest asset globally, surpassing SPDR S&P 500 ETF Trust, LVMH, iShares Core S&P 500, and other assets.
Source: 8MarketCap
MicroStrategy adds another 12,000 BTC to its holdings. As Bitcoin reaches historic highs, investors are closely watching for a potential correction. MicroStrategy, the leading holder of Bitcoin among US publicly traded companies, disclosed yesterday (11th) that it has completed the issuance and sale of $800 million in senior convertible notes and has repurchased an additional 12,000 BTC within a two-week period from February 26th to March 10th. This brings their total BTC holdings to 205,000, with a total value of $14.758 billion and a unrealized gain of $7.848 billion.
Source: bitcointreasuries
Further reading:
BTC’s massive surge winner! Michael Saylor’s net worth increases by $700 million in three days, MicroStrategy’s stock price soars by 40%.
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