Bitcoin Overtakes Tesla as Market Capitalization Surpasses $1.64 Trillion
Bitcoin's market capitalization has surpassed Tesla's, marking a significant milestone in the cryptocurrency space. As of September 19th, Bitcoin's market cap stood at approximately $1.635 trillion, while Tesla's was around $1.438 trillion.
The gap between the two assets is substantial, with Bitcoin holding a lead of nearly $197 billion or about 14% above Tesla.
It's worth noting that this ranking is not necessarily a reflection on the value of each asset, but rather a comparison based on market capitalization. Tesla owns approximately 11,509 BTC, which is valued at around $937 million at current prices. This holding represents only about 0.07% of Tesla's total market capitalization.
The ranking may change quickly due to fluctuations in price or changes in the circulating supply of Bitcoin. The next filing from Tesla will provide insight into whether its strategy has changed and whether it views its remaining coins as a passive legacy holding or an active treasury asset.