Bitcoin continues climbing after very good week

Bitcoin’s crushed it this week. The asset crossed the symbolic $100,000 mark on May 8 in the wake of the UK-US trade deal, the first time it’s hit six figures since early February.

Bitcoin started the week hovering around $95,000 and passed $104,000 in the wee hours last night. As of 10:00 a.m. ET Friday, it’s at roughly $103,700.

Earlier this week, Strategy, the largest bitcoin corporate holder, as usual, added to its reserve, acquiring 1,895 bitcoin for about $180.3 million. The company now holds 555,450 bitcoin.

Metaplanet also doubled down on its bitcoin endeavor this week. The Japanese company acquired 555 bitcoin and now holds 5,555 bitcoin. It also announced plans to sell another $21.25 million worth of bonds today to buy additional bitcoin, following a previous bond sale of $21.25 million on May 6.

A new company going big on bitcoin is social media branding company Thumzup, which plans “to raise up to $500,000,000 for additional working capital and to further its Bitcoin (‘BTC’) acquisition strategy.” As of today, it holds 19.106 bitcoin.

KULR Technology Group also acquired 42 bitcoin for about $4 million. The company now holds 716.2 bitcoin.

Last, but not least, fast-food chain Steak ’n Shake, “Home of the Original Steakburger,” announced today it will start accepting payments in bitcoin across the US as of May 16, saying, “The movement is just beginning.” The company signed the post “Steaktoshi.”