The financial footprint of Bitcoin has extended significantly, with its market capitalization now exceeding that of Meta (formerly Facebook).
This is a significant moment in the digital asset's journey, placing it just behind six of the world's largest publicly traded companies, including tech giants and an energy titan.
Investment darlings
The unprecedented rise in Bitcoin's market capitalization comes amid a broader rush of investments in tech stocks and cryptocurrencies.
Investors have recently poured the most capital into tech stocks since last August, according to a report from Bank of America Global Research.
The investment landscape is particularly shifting towards technology and cryptocurrencies, with inflows into technology stocks reaching $4.7 billion, according to BofA.
Stocks like Apple and Nvidia are on a record annualized inflow trajectory.
Meanwhile, the crypto market cap recently surpassed a whopping $2.5 trillion.
The best companies by market capitalization
Leading companies by market capitalization span a wide range of industries, with Microsoft at the top being valued at $3.085 billion due to its extensive software and cloud services.
Apple follows with a market capitalization of $2.711 billion, thanks to its popular consumer electronics products.
NVIDIA, known for its graphics chips, is valued at $2.188 billion. The company has seen enormous growth due to unprecedented demand for artificial intelligence.
Saudi Aramco, the state-owned oil giant, stands out in the technology sector with a market capitalization of $2,023 billion.
Amazon, with its vast e-commerce and cloud computing operations, is valued at $1.852 billion. Alphabet, Google's parent company, has a market capitalization of $1.662 trillion.