Just 19 days ago, Bitcoin was trading around $98,000. Today, it shattered expectations by hitting a new all time high of $118,820, underscoring the accelerating shift toward viewing Bitcoin as both a store of value and a strategic asset.

BlackRock’s iShares Bitcoin Trust (IBIT) broke its ETF records last night by surpassing $80 billion in assets under management, doing so in just 374 days. That’s nearly five times faster than the previous record held by the Vanguard S&P 500 ETF (VOO), which took 1,814 days to reach the same mark.

As of today, IBIT sits at $83 billion and holds over 706,000 BTC, making it the 21st largest ETF in the US market. Two days ago, IBIT also…

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Bitcoin’s rapid surge this week has helped BlackRock’s iShares Bitcoin Trust (IBIT) hit a major milestone. IBIT became the fastest exchange-traded fund to reach $80 billion in assets under management, doing so in just 374 days. It beat the previous record held by the Vanguard S&P 500 ETF, which took 1,814 days, according to Bloomberg.

Total assets in all spot bitcoin ETFs crossed $140 billion for the first time, with $1.18 billion in inflows recorded on Thursday alone — the second-highest daily total since their January 2024 debut. Bitcoin’s price briefly hit $112,152 on Tuesday and climbed past $118,000 by Friday, fueled by growing optimism around U.S. monetary policy.

Analysts credit the rally to rising institutional demand and easier access through ETFs. Companies are increasingly adding bitcoin to their asset strategies, signaling a broader shift toward crypto adoption. The combination of price momentum and mainstream support is pushing bitcoin to new all-time highs.

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Smarter Web Company has purchased an additional 275 BTC, boosting its total Bitcoin holdings to 1,275 BTC, just as Bitcoin hits a new all-time high of $118,000. The latest acquisition was made at an average price of £79,563 ($108,182) per BTC, totaling around £21.88 million. The company has now invested approximately £100.1 million in Bitcoin at an average price of £78,516 ($106,719) per BTC.

This move follows a recent buy on July 7, when the firm added 226.42 BTC to its treasury, reaching 1,000 BTC. With the new purchase, the year-to-date BTC yield surged to 31,263%, up from 26,242%. The company also reported a 30-day BTC yield of 497% and confirmed holding about £31 million in cash reserves for future Bitcoin investments.

Smarter Web Company started accepting BTC payments in early 2023 and launched a Bitcoin treasury strategy in April. Through its “10 Year Plan,” it aims to accumulate BTC as a hedge against inflation and as a growth asset, aligning with rising corporate interest in crypto treasury models.

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A day after yesterday’s ATH where Bitcoin reached $112,000. Bitcoin today officially reached a new all-time high (ATH) of $113,900, extending its bullish run that reignited in late June. Just 18 days ago, BTC was trading around $98,000. Today’s ATH highlights the accelerating global shift toward viewing Bitcoin as both a store of value and a strategic asset.

Meanwhile, $50 million worth of Bitcoin shorts were liquidated in the past hours and over $1.5 billion worth of Bitcoin short positions are set to be liquidated at $120,000, according to data from Coinglass. If Bitcoin continues its upward trajectory, a massive short squeeze could be triggered, forcing bearish traders…

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KULR Technology Group (NYSE: KULR) has expanded its Bitcoin holdings to $101 million after acquiring an additional $10 million in BTC at an average price of $108,884 per coin. The company now holds a total of 1,021 BTC, following its treasury strategy launched in December 2024, which commits up to 90% of surplus cash reserves to Bitcoin.

CEO Michael Mo emphasized Bitcoin’s long-term value, stating it has outperformed major asset classes in 11 of the past 14 years. KULR reports a year-to-date BTC yield of 291.2%, with 633 BTC gained, now valued at over $70 million. The company’s net asset value multiple (mNAV) stands at 2.24, reflecting strong treasury growth through surplus cash, a Coinbase credit facility, and its ATM equity program.

The announcement follows KULR’s deployment of 3,570 Bitmain S19 XP 140T miners in Paraguay, raising its mining capacity to 750 PH/s. With a target of 1.25 EH/s by late summer, KULR plans to continue accumulating Bitcoin without a set limit.

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