Bitcoin Surges Towards $112,000 Mark as Institutional Investments Keep Flowing

On the evening of May 22, the price of Bitcoin almost touched the $112,000 mark due to a steady influx of investments in ETFs.

The digital gold hit a peak of $111,980 against USDT on the Binance exchange. As of this writing, it is trading around $110,650.

At one point, Bitcoin’s market capitalization surpassed $2.2 trillion, surpassing companies like Amazon and Google, and trailing only behind Apple ($3 trillion), Nvidia ($3.24 trillion), and Microsoft ($3.38 trillion).

Among the top 10 cryptocurrencies by market capitalization, Solana, Dogecoin, and Cardano have shown significantly better performance over the last 24 hours compared to Bitcoin.

The driving factor remains the demand for exchange-traded funds. Over the past week, investors have poured $3.22 billion into these products, with $934 million received on May 22 alone.

The total inflow into Bitcoin ETFs has risen to $44.31 billion. The assets under management (AUM) now total $134.3 billion.

Public company purchases continue to provide additional support.

On May 22, Michael Saylor’s Strategy submitted a proposal to the SEC to raise $2.1 billion through a preferred stock offering. The proceeds will be used for general corporate purposes, including the acquisition of Bitcoin.

Through these financial instruments, the company aims to raise $21 billion, in addition to an additional $21 billion via common stock.

As of May 23, 2025, Strategy’s Bitcoin holdings amount to 576,230 BTC, valued at $63.6 billion.

A total of 85 companies have adopted this Bitcoin strategy, collectively holding over 800,000 BTC.

It’s worth noting that Standard Chartered has encouraged the purchase of Bitcoin, forecasting its price may rise to $120,000 in the second quarter.