One day after Tesla declared $1.5 billion of holdings in Bitcoin,the world's largest cryptocurrency surpasses the world's most valuable automotive company to becomes the ninth biggest asset by market cap.
As of 2.00 pm UTC. Bitcoin market cap is at $853.4 billion, while Tesla is valued at $818.4 billion. Crypto information site bloqport first reported on this trend. At No. 8 in the global asset rankings is Tencent, with a market cap of $903.3 billion.
Interestingly, it was Tesla disclosure of it's Bitcoin holdings yesterday that mainly drove the crypto to currency's market cap up by more than $125 billion, from around $725 billion before the announcement.
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