Bitcoin inches closer to ATH as more companies buy and Hold

Bitcoin’s all-time high of $109,000 is inching closer as positivity returns and more companies around the world are seen buying into the largest cryptocurrency. Ethereum also had a very good week after founder Vitalik Buterin promised that Ether’s operations will become more like Bitcoin’s.

ATH

Bitcoin briefly rose to $103,000 this week, nearly the highest price of the year and about 5% below the ATH set in December last year. In early April, Bitcoin fell back to $75,000 after the US announced it would impose tariffs on most countries around the world.

Except for China, all of those tariffs have since been paused, which has provided a lot of respite on both stock and crypto exchanges.

Bitcoin is the 5th MOST VALUABLE ASSET on earth again 🤯 pic.twitter.com/eqQpTDd8hs

— Rajat Soni, CFA (@rajatsonifnance) May 9, 2025

The fact that more and more companies are buying Bitcoin also benefits the largest cryptocurrency.

Bernstein analyst Gautam Chhugani said approximately 80 companies have by now “adopted the ‘Bitcoin Standard,’ adding Bitcoin treasury exposure to their balance sheets, owning ~3.4% of the total BTC supply.”

“The implications for Bitcoin — more resilient corporate/institutional capital supporting through the cycle downturns and accelerated supply squeeze as public corporates continue buying Bitcoin.”

Compared to the beginning of the year, Bitcoin’s price has already risen by more than 10% while most stock markets are still trading in negative territory.