[Market Focus] BitMax Surges as Bitcoin Tops $120,000 for the First Time Ever
![[Market Focus] BitMax Surges as Bitcoin Tops $120,000 for the First Time Ever](http://www.asiae.co.kr/news/img_view.htm?img=2025071409314444092_1752453103.jpg)
BitMax is showing strong performance. This is believed to be influenced by the news that Bitcoin has surpassed $120,000 for the first time in history.
As of 1:33 p.m. on July 14, BitMax was trading at 5,690 won, up 11.57% from the previous day.
According to cryptocurrency exchange CoinMarketCap, as of 1:10 p.m. on the same day, the price of one Bitcoin was $120,764.74. This is the first time that the price of Bitcoin has surpassed $120,000. This sharp rise is attributed to increased global investor demand for cryptocurrencies, as well as an overall optimistic outlook for the market.
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Meanwhile, BitMax is a listed company that has adopted a Bitcoin treasury strategy and holds Bitcoin. On July 11, the company acquired 51.06 Bitcoins, bringing its total holdings to 400.25 Bitcoins. BitMax continues to secure Bitcoin as part of its medium- to long-term asset strategy.
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