Bitcoin Flips Tesla Again: BTC Reclaims $1.62 Trillion Crown In Latest Trillion-Dollar Tug-Of-War

Bitcoin is up 12% over the past 30 days, while Tesla shares gained over 24% in the same period.
In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display in front of the Bitcoin course's graph on February 09, 2021 in Paris, France. (Photo illustration by Chesnot/Getty Images)
In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display in front of the Bitcoin course's graph on February 09, 2021 in Paris, France. (Photo illustration by Chesnot/Getty Images)
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Anushka Basu·Stocktwits
Published May 10, 2026   |   12:14 PM EDT
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  • Bitcoin's $1.62 trillion market cap surpassed Tesla's $1.608 trillion, making it the 12th-largest asset after gold, Apple, Microsoft, and Nvidia.
  • Bitcoin overtook Tesla in January 2021 and trailed TSLA in February and April 2026 before reclaiming the lead on Sunday.
  • The latest filings and treasury tracking data show Tesla holds 11,509 BTC.

Bitcoin (BTC) has reclaimed market cap supremacy over Tesla (TSLA), with the cryptocurrency's $1.62 trillion valuation slightly ahead of the electric vehicle manufacturer's $1.608 trillion.

The flip puts Bitcoin as the 12th-biggest asset in the world, alongside megacap tech and traditional commodities like gold, Apple (AAPL), Microsoft (MSFT), and Nvidia (NVDA).

TSLA stock closed at $428.35 on Friday, up 4.02% on the day, taking its market cap to $1.609 trillion. Tesla's shares are up over 24% in the last 30 days. On Stocktwits, retail sentiment around TSLA remained in the ‘bullish’ zone, while chatter stayed at ‘low’ levels over the past day.

Bitcoin has gained 12% in the past month, indicating renewed momentum after a period of consolidation. Bitcoin’s price was trading at $81,319, up 1% in the last 24 hours. On Stocktwits, retail sentiment around BTC moved to ‘neutral’ from the ‘bullish’ zone, while chatter stayed at ‘normal’ levels over the past day.

A Recurrent Flip

The crossover is not new. According to market data, Bitcoin first surpassed Tesla in January 2021 during its post-pandemic bull run, when BTC’s market cap was around $640 billion versus Tesla’s $716 billion, briefly placing it seventh in the world. The two assets swapped places again in January 2023, when Bitcoin’s $400 billion market cap surpassed Tesla's.

The most powerful Bitcoin was in June 2025, when its market cap hit $2.1 trillion, surpassing Tesla and Meta (META) to become the world's fifth-largest. Tesla turned Bitcoin in February 2026 during a stock rally, and again in April when BTC’s $1.37 trillion was just below TSLA’s $1.39 trillion. Sunday’s reversal is the latest in a series of recoveries by Bitcoin in what continues to be an ongoing back-and-forth between the two trillion-dollar assets.

Tesla currently holds 11,509 BTC, according to the latest publicly available treasury tracking data. At current market prices, the company’s Bitcoin holdings are valued at roughly $936.9 million, representing about 0.055% of Bitcoin’s total 21 million supply.

Read also: Bitcoin Whales Just Made Their Biggest Bet in 2 Years — Now Hotter-Than-Expected CPI Could Blow It Up

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