Aug. 11 (UPI) -- Bitcoin nearly hit an all-time high on Monday as demand from commercial treasury buyers and established investors lifted the digital asset market overall.

Cresting to as much as 3.3% to exceed $122,000, Bitcoin just missed a previous record reached last month . Ether had a big weekend by surging over $4,300, its highest climb since December of 2021.

Bitcoin traded at approximately $121,200 as of 6:15 a.m. EDT, while Ether reached $4,250.

The gains rode a wave of swelling interest in cryptocurrencies from digital-asset treasury companies that have achieved a Bitcoin stash worth $113 billion.

"If you don't stop buying Bitcoin, you won't stop making money," Michael Saylor, Founder and Chairperson of Bitcoin treasury company Strategy, posted to X Sunday .

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