TradingKey – On Thursday, August 14, Bitcoin (BTC) surged nearly 3% during early Asian trading, reaching a record high of $124,517, with its market capitalization briefly touching $2.45 trillion. This milestone places Bitcoin as the fifth-largest asset globally, trailing only gold (XAUUSD), Nvidia (NVDA), Microsoft (MSFT), and Apple (AAPL).
Bitcoin Price Chart – Source: TradingView
Broad Crypto Rally Follows BTC Breakout
Bitcoin’s breakout triggered a wave of gains across the crypto market:
This rally reflects growing investor confidence, fueled by softer-than-expected U.S. inflation data and rising expectations for a Fed rate cut.
Public Companies with Direct Bitcoin Exposure
Several publicly traded companies hold substantial amounts of Bitcoin on their balance sheets, meaning BTC’s price surge directly boosts their asset value—and potentially their stock price.
Top beneficiaries include:
Top 10 Bitcoin-Holding Public Companies – Source: CoinGecko