“ [The Twenty One initiative], together with other so-called Bitcoin treasury companies, is mechanically increasing demand for bitcoin, which is a catalyst for higher bitcoin prices,” said Christophe Roehri, deputy chief executive of digital asset manager TOBAM, which owns $3.9mn of Strategy shares, according to regulatory filings.

Price move gives renewed hope that the digital token can achieve a kind of escape velocity against almost any economic backdrop.

Bitcoin's all-time high could trigger the next XRP surge. Explore the latest XRP price, ETF developments, and expert forecasts for 2025.