BTC Surges 2.36% Amid Corporate Treasury Adoption

Bitcoin's price has surged to $65,858.01 after a 2.36% increase in value over the past day, according to data from Traders Union.

This uptick has pushed the cryptocurrency above its key short- and medium-term moving averages, demonstrating solid intraday momentum.

What's more, corporate adoption of Bitcoin as a treasury asset is gaining traction. SpaceX and Tesla, both linked to Elon Musk, collectively hold over 30,000 BTC on their balance sheets, signaling increased demand for the cryptocurrency.

Listed technology companies now control about 1.26 million BTC valued at $80.5 billion, despite recent ETF outflows and selective sales. This growth in corporate treasury allocations is driving up demand for Bitcoin and amplifying its legitimacy as a corporate asset in the U.S. equity landscape.