Bitcoin Hits New All Time High At $112,000 As Corporations Buy Record Amounts Of BTC

Bitcoin has reached a new maximum of all time (ATH) of $ 112,000, following a constant climb started on June 22, when Bitcoin was exchanging near $ 98,000.

In conjunction with BTC’s ATH, today Ishares Bitcoin Trust of Blackrock also closed to a new $ 63.58 ATH. Ibit now holds over 700,000 BTC, about 3.33% of the total offer of Bitcoin. According to Bloomberg, Ibit generates more annual revenues than Blackrock’s ETF S&P 500 (IVV). Although he is only 18 months old, the $ 75 billion ETF earns about $ 187.2 million per year, exceeding $ 187.1 million earned by IVV.

Ibit us equity

In 2021, El Salvador became the first nation to invest in Bitcoin and now holds over 6,232 BTCs in their treasure. After Bitcoin’s ATH today, El Salvador’s Bitcoin reserves reached $ 400 million in non -earned earnings after years of constant accumulation. On November 16, 2022, the president of El Salvador Nayib Bukele announced that the country will start buying 1 BTC per day, “until Bitcoin becomes inaccessible with Fiat currencies”.

The action of prices also reflects the growth of demand by companies that buy more bitcoins. At the beginning of this month, the most intelligent web company of the United Kingdom increased its BTC participations at 1,000 BTC. Even US technological companies have also accumulated strongly, with multiple companies listed on Nasdaq that converted a part of their cash reserves in Bitcoin.

“I can’t wait to work with our consultants on the evaluation of the effectiveness and perhaps we can therefore inspire other companies of the United Kingdom to adapt a similar mechanism, as we have seen with our pioneering approach to the management of the treasure using Bitcoin,” said the CEO of the most intelligent web company Andrew Webley.

Just last month, the executive president of the strategy, Michael Saylor, said in an interview by Bloomberg: “Winter will not return. We have passed that phase. If Bitcoin will not go to zero, he is going to $ 1 million. The President of the United States is determined. He supports Bitcoin, Bitcoin’s Bitcoin, Bitcoin’s Bitco, Bitcoin, Bitcoin’s Bitco, Bitcoin’s bitcoin and has exceeded its most risky period.

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