- Bitcoin surged to a new ATH of US$122,600, pushing its market cap past US$2.4T and overtaking Amazon, Silver, and Alphabet to become the fifth-largest asset globally.
- Institutional demand is spiking: since June 5, the number of companies holding BTC more than doubled, with public firms and ETFs now controlling over 2.25M BTC.
- Satoshi Nakamoto’s estimated BTC holdings are now worth US$131B, making him the 11th richest person, though Forbes excludes private crypto assets from its rankings.
Bitcoin has overtaken Amazon to become the world’s fifth-largest asset by market capitalisation, following a rapid price surge that pushed its total market value above US$2.4 trillion (AU$3.66 trillion).
On Monday, Bitcoin hit a new all-time high of US$122,600 (AU$187,299), marking a weekly gain of nearly 13%, according to data from CoinGecko.
The rally pushed Bitcoin past Amazon’s US$2.3T (AU$3.51) market cap, along with Silver (US$2.2T, or AU$3.35T) and Alphabet (US$2.19T or AU$3.33T).
The latest price jump coincides with a wave of institutional inflows. Since June 5, the number of companies holding Bitcoin on their balance sheets has more than doubled, rising from 124 to over 265, according to data from BitcoinTreasuries. Public firms alone now control 853,000 BTC (about 4% of the total supply) while spot Bitcoin ETFs collectively hold over 1.4 million BTC, or 6.6%.
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Bitcoin’s Recent Surge Turns Nakamoto into the 11th Richest Person
As Bitcoin crossed US$120K (AU$183K) on Sunday, its pseudonymous creator Satoshi Nakamoto became the 11th richest person, at least on paper, with his estimated holdings currently valued at over US$131B (AU$200B), according to on-chain platform Arkham.
If considered, these holdings would place Nakamoto above Dell Technologies CEO Michael Dell on the Forbes real-time billionaires list. However, Forbes excludes private crypto wallet balances in its rankings, focusing solely on assets that can be publicly verified, such as equities.
According to Forbes, Elon Musk, Larry Ellison, Mark Zuckerberg, Jeff Bezos and Larry Page dominate the list. Assuming their net worths remain unchanged, Bitcoin would have to net over 200% to make Nakamoto the richest person on the planet (in theory).
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