Bitcoin has reached an all-time high, surging above $111,000 for the first time in history, on the back of renewed US optimism in digital currencies under the Trump administration.
Bitcoin (BTC) has climbed to a new all-time high, surging past the $111,000 mark for the first time. Growing interest from institutions and new regulations in the US have helped drive fresh momentum in the digital currency.
BTC USD rose by up to 3.3% on Thursday, peaking at $111,878. The rally also extended to other digital assets, with Ethereum (ETH) – the second-largest cryptocurrency by market cap – gaining around 5.5% during the session.
Market sentiment was further lifted by ongoing progress being made in Washington. The advancement of a pivotal stablecoin bill in the US Senate has reignited hopes for a more defined regulatory landscape under a Trump administration that is well known for its pro-crypto stance.
Bitcoin adopted by more leading corporations
Meanwhile, strategic corporate buying continues to play a significant role in Bitcoin’s surge. For instance, leading software development company Strategy, formerly MicroStrategy, now holds more than $50 billion in Bitcoin.
Other important players, including emerging firms and micro-cap companies, are adopting similar accumulation strategies. Such approaches are typically funded through convertible debt or alternative equity structures.
One of the latest entrants is Twenty One Capital Inc., a new venture backed by a Cantor Fitzgerald affiliate, Tether Holdings SA, and SoftBank Group. Modelled on similar business plan to Strategy, the company aims to build a large Bitcoin reserve. Specifically, it plans to launch with more than 42,000 BTC, making it the third-largest corporate holder of Bitcoin globally.
Elsewhere, a subsidiary of Strive Enterprises, a company co-founded by entrepreneur and political figure Vivek Ramaswamy, is combining forces with Asset Entities Inc. to establish another Bitcoin-centric corporate entity.
Options markets have also reflected the increased interest in digital currencies, with bullish positions on Bitcoin accumulating. Strike prices at $110,000, $120,000, and even $300,000 – all expiring in late June – have emerged as the most active contracts on Deribit, a major crypto derivatives platform.
Trump to host dinner for largest $TRUMP holders
The BTC milestone comes ahead of a high-profile dinner hosted by Donald Trump at one of his golf clubs near Washington later today (Thursday), where he is expected to meet major holders of his own $TRUMP memecoin.
The controversial event has led to sharp criticism from ethics watchdogs, who argue it raises questions about influence and transparency, especially if financial transactions are being used to gain access to a political figure.
Trump initially launched $TRUMP two days before the election. Initially surging in price, the memecoin subsequently plummeted to a current market capitalization of about $2.7 billion. The project’s developers have begun offering ways for coin holders to use the memecoin as a payment method for Trump-branded goods, like shoes or Bibles.
Bitcoin reaches all-time high in 2025
The Bitcoin rate reached a new all-time high in 2025, hitting $111,903.84 on 22 May. It represents a new milestone for BTC, which officially crossed the $100,000 threshold on 4 December 2024.
Are altcoins dead?
Altcoins have struggled to match the dominance of Bitcoin. An index tracking these so-called altcoins is down roughly 40% in 2025 so far, in stark contrast to Bitcoin’s 17% gain over the same period.
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