Bitcoin Reaches New All-Time High at $112,000
Bitcoin hit a new all-time high (ATH) of $112,000 on July 2, 2026, following a steady climb that began on June 22, when Bitcoin was trading near $98,000. This milestone highlights the growing corporate demand for the cryptocurrency.
BlackRock IBIT ETF Achieves Record Price and Holdings
Coinciding with BTC's ATH, BlackRock's iShares Bitcoin Trust (IBIT) closed at a new ATH of $63.58. IBIT now holds more than 700,000 BTC, roughly over 3.33% of the total bitcoin supply. According to Bloomberg, IBIT generates an estimated $187.2 million in annual fee revenue, surpassing the $187.1 million earned by BlackRock's S&P 500 ETF (IVV). Despite being just 18 months old, the $75 billion ETF demonstrates remarkable fee efficiency.
El Salvador's Bitcoin Strategy Yields $400 Million Unrealized Gains
In 2021, El Salvador became the first nation to invest in Bitcoin, and now holds over 6,232 BTC in its treasury. After Bitcoin's ATH today, El Salvador's Bitcoin reserves reached $400 million in unrealized gains after years of steady accumulation. On November 16, 2022, President Nayib Bukele announced the country would start buying 1 BTC per day, 'until Bitcoin becomes unaffordable with fiat currencies.'
Corporate Buying Surge: UK Firm and US Tech Companies Accumulate Record Amounts
The price action reflects growing demand from corporations buying more Bitcoin. Earlier this month, UK-based The Smarter Web Company increased its BTC holdings to 1,000 BTC. US tech firms have likewise been heavily accumulating, with multiple Nasdaq-listed companies converting a portion of their cash reserves into Bitcoin. CEO Andrew Webley stated, 'I am looking forward to working with our advisors on evaluating the effectiveness and perhaps we can then inspire other UK companies to adopt a similar mechanism.' Just last month, Strategy Executive Chairman Michael Saylor said in a Bloomberg interview, 'Winter is not coming back. We are past that phase. If Bitcoin is not going to zero, it is going to $1 million... Bitcoin has gotten through its riskiest period.'