Bitcoin has reached a new milestone with its realized capitalization crossing the $1 trillion mark for the first time, according to on-chain analytics firm Glassnode.

The surge comes just a few days after BTC’s spot price hit a fresh all-time high above $123,000, underlining the intensity of recent investor demand.

Unlike traditional market capitalization, realized cap measures the value of Bitcoin based on the price each coin last moved on-chain. This approach offers a clearer picture of actual capital stored in the network and is widely regarded as a more accurate indicator of investor conviction.

James Check, an on-chain analyst at Checkonchain, highlighted the importance of this metric by describing it as the “most important Bitcoin market metric.”

He explained:

“[The metric] values every coin at the price when it last transacted onchain. If you DCA’d 0.1 BTC back at a $10,000 price, it will be saved at 0.1x$10,000 = $1,000, irrespective of spot price. When it transacts again, it will be revalued, capturing capital flows in or out of the asset. What this metric means, is Bitcoiners have ‘saved’ $1 Trillion in real capital in Bitcoin.”

Meanwhile, Glassnode revealed that 25% of Bitcoin’s realized cap was added this year. According to the firm, this reflects the accelerating inflow of capital into the asset amid broader macro and institutional interest.

Bitcoin price faces resistance

Following this milestone, market analysts have cautioned that BTC must overcome a key resistance level at $123,370 before targeting new highs.

Joao Wedson, CEO of blockchain analytical firm Alphractal, warned that BTC’s recent rejection at this second “Alpha Price” level is a short-term red flag.

The Alpha Price is a dynamic on-chain model that blends realized price, historical average cap, and other factors to estimate likely resistance and support zones.

Wedson said:

“[Alpha Price] behaves almost like pressure zones: lower levels tend to act as strong support, while upper levels often signal increased selling pressure—especially when most wallets are deep in profit. These thresholds reflect shifts in investor sentiment and can define where buyers and sellers are likely to react.”

However, should BTC price overcome the resistance at $123,370, Alphractal forecasts the next major target between $143,000 and $146,000.

Still, the risk of an overheated derivatives market hangs on the horizon.

According to Alphractal, long positions, or traders betting on further price increases, have been dominating in recent months.

While this reflects bullish sentiment, it also increases the risk of a sudden “Long Squeeze”, a situation where falling prices liquidate overleveraged longs and could amplify downward pressure on the market.

The BlackRock USD Institutional Digital Liquitidity Fund, known as “Buidl,” surpasses its $1 billion in managed assets (AUM), according to a company announcement on Thursday (March 13).

This is a significant milestone for the tokenization sector as the first tokenized fund issued by the Wall Street facility to reach the multi-billion dollar milestone.

On-Chain Finance is here #builtonbuidl
We’re excited to announce it @BlackRock Tokenized by Securitize, the USD Institutional Digital Liquitidity Fund (BUIDL) has reached a $1 billion assets under management (AUM).

This shows an important milestone for… pic.twitter.com/gt66kdz2kx

– securitize (@securitize) March 13, 2025

BlackRock’s Buidl funds have reached $1 billion

Buidl was launched in March 2024, with BlackRock’s first tokenized fund being issued on a public blockchain. With AUM of over $11 trillion, the world’s largest asset manager offers qualified investors the ability to win on-chain US dollar yields.

Yields are paid daily via dividends earned through baskets in the Short-Term Treasury Reserve. The Buidl Token is fixed in US dollars. This means it acts like a revenue-raising alternative to Stablecoins such as USDT and USDC.

Until yesterday, Hashnote’s USYC was listed as the world’s largest tokenized money market fund, backed by the tokenized Treasury Ministry. Defillama data shows USYC’s AUM is $851.81 million, while Buidl is over $1 billion.

Leading the path to tokenized asset projects, Buidl looks at two of the best RWA cryptocurrencies that everyone should consider as part of a balanced portfolio.

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Best RWA Crypto #1: Ondo Finance (Ondo) – A market leading to tokenized asset platforms

(Coinecko)

Ondo Finance (Ondo) continues to grow. Like Buidl, Ondo has now surpassed Total-Value locked $1 billion, the largest TVL for individual real-world assets (RWA) projects.

Ondo’s TVL growth is incredible, with the latest spikes exceeding $1 billion, up 53% per month. This emphasizes two things. One is the market’s appetite for investment in the RWA sector. Second, Ondo’s exponential TVL growth demonstrates its position as a major tokenized asset project in the market.

Ondo’s bullish catalyst doesn’t seem to be over as the team delivered roadmap targets non-stop. It also supports Ondo owns both BlackRock’s Buidl fund and President Trump’s Global Free Finance Project.

Ondo is currently trading at around $0.87, with many analysts hoping to surge towards its February high of $1.42 as a short-term price target. RWA sentiment continues to grow and Ondo is already well positioned The blue chip project within the sector is hoping to return to its previous all-time high of $2 in the coming months.

Best RWA Crypto #2: Landshare (Land) – A hidden gem that leads the way in BNB chain utility projects

Winners pay attention to promising projects!

The final dip before Full Send is here!

I have a complete belief $ Land. Real estate tokenization grows exponentially, and land share is pic.twitter.com/DR7QEUX79X

– Luke Mayfield (@may2_luke) February 28, 2025

Landshare (Land) has over four years of real estate tokenization experience, making him one of the more established and experienced RWA teams. It’s a low cap low supply project while maintaining this status.

The land tokens are built on top of the Binance Smart chain. With chains well known for their meme coins such as Broccoli, Landshare stands out as one of the best utilities-focused projects in the Binance Smart chain.

By retaining the land, investors have access to the purchase, renovation and final sale of crowdsourced properties. Investors can purchase and hold shares in rental properties by holding tokens. This is an attractive opportunity for those looking for decentralized passive income and real estate exposure.

The land is currently trading at around $0.62 per token, representing a true microcap with a market capitalization of just $3.5 million. With the team’s long-standing presence and continued product delivery, LandShare represents a truly underrated RWA play.

(Coinecko)

Explore: Best New Cryptocurrencies to Invest in 2025

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Post BlackRock RWA Fund ‘Buidl’ exceeded $1 billion AUM. The best RWA Crypto to buy in 2025? It first appeared in 99 Bitcoin.

The amount of Bitcoin (BTC) held by public corporations reached 592,112 BTC in 2024, according to Bitcoin Treasuries data.

Bitwise head of research Ryan Rasmussen highlighted that the number is twice as much Bitcoin as institutions accumulated in the previous five years combined.

History of accumulation

On Jan. 1, 2024, the amount of Bitcoin held by publicly listed companies was 272,777 BTC.

Two significant accumulation leaps were registered in 2020 and 2021. During the first year of the COVID pandemic, institutions inched close to a 100,000 BTC stash. This increased significantly the following year, as the corporate-held amount surpassed 200,000 BTC.

However, the momentum was temporarily interrupted as publicly listed companies realized part of their Bitcoin stash, almost losing the 200,000 BTC threshold. The accumulation movement resumed in 2023 and sharply increased last year.

Notably, Rasmussen pointed out that the amount would be “significantly smaller” if Strategy’s stash were excluded. The company, led by Michael Saylor, has over 499,000 BTC in its treasury as of March after adding 257,095 BTC last year via 16 buys.

Rasmussen added that public companies held $52 billion worth of Bitcoin as of March 6, equivalent to 3% of the flagship crypto’s total supply. 

An overall leap

The amount of Bitcoin held by various institutional investors also saw significant growth in 2024. 

According to Bitcoin Treasuries, private companies, exchange-traded products (ETP) managers, governments, and publicly listed firms held 2,802,135 BTC as of Dec. 31, 2024, compared to 1,622,439 BTC at the start of last year.

This jump is mainly attributed to governments and ETP managers. Governments started last year with 90,379 BTC in their vaults, with the stash growing to 513,791 BTC by the end of the year.

Meanwhile, Bitcoin held by asset managers climbed to 1,289,031 BTC from 771,013 BTC over the same period, while private companies shed their holdings from 488,270 BTC on Jan. 1, 2024 to 407,201 BTC by the end of last year.

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