Bitcoin Giant Closes in on Tech Titans’ Balance Sheets
Strategy’s Bitcoin holdings have surged to nearly $80 billion, putting the company’s treasury on par with the cash reserves of global tech leaders like Amazon, Google, and Microsoft. The firm’s accumulation of 640,031 Bitcoin (BTC) — purchased at an average price of $73,981 per coin — has positioned it among the largest corporate balance sheets in the world.
As Bitcoin briefly touched an all-time high of $126,080 this week, Strategy’s Bitcoin stash topped $80 billion, edging closer to Amazon’s $97 billion and Google’s $95 billion in cash or cash equivalents.
“Our Bitcoin strategy continues to outperform traditional cash reserves,” Strategy noted in a recent post, emphasizing its long-term belief in Bitcoin as a superior store of value.
From Corporate Treasury to Bitcoin Powerhouse
The company’s consistent Bitcoin purchases have helped it outpace the treasury values of Nvidia, Apple, and Meta, whose boards previously rejected similar Bitcoin adoption proposals.
Only Berkshire Hathaway, with its massive $344 billion cash pile, and Tesla, holding 11,509 BTC (≈$1.4 billion), remain ahead in total treasury size. However, Strategy’s balance sheet now represents the largest corporate Bitcoin reserve in the world — a bold bet that has significantly paid off amid rising crypto market optimism.
Strategy’s Bitcoin position is up roughly 65%, representing a $30.4 billion unrealized gain.
Analysts Call Bitcoin the “Debasement Trade”
Financial strategists are increasingly referring to Bitcoin and gold as “debasement trades,” suggesting they act as hedges against U.S. dollar inflation and ballooning national debt, which recently surpassed $38 trillion.
JPMorgan analysts reaffirmed this view, arguing that corporate treasuries shifting toward Bitcoin reflect concerns over currency debasement and declining real bond yields.
Even BlackRock CEO Larry Fink, who once criticized Bitcoin, acknowledged in January that Bitcoin could reach $700,000 if global currency debasement fears continue to rise.
“Cash is consistently being debased, and bond yields fail to match inflation — Bitcoin offers protection against that decay,” said Ethan Peck, deputy director of the National Center for Public Policy Research (NCPPR), which has proposed Bitcoin adoption at major corporations.
Microsoft and Meta Rejected — and Missed Out
Microsoft and Meta shareholders both voted against proposals to add Bitcoin to their balance sheets in late 2024 and mid-2025. Those votes occurred when Bitcoin traded at $97,170 and $104,800, respectively.
Since then, Bitcoin has risen over 25%, meaning both tech giants missed double-digit portfolio gains, while their cash positions continued to lose value in real terms due to inflation.
The NCPPR urged Microsoft to allocate 1% to 5% of its cash to Bitcoin, but volatility concerns led shareholders to reject the move. Similar proposals for Amazon have not yet progressed.
Corporate Bitcoin Adoption Accelerates in 2025
Despite high-profile rejections, corporate Bitcoin adoption has surged — with over 200 public companies now holding Bitcoin, up from fewer than 100 at the start of 2025.
With Bitcoin hovering near its record highs, nearly all corporate holders are in profit, further validating the argument for Bitcoin as a strategic treasury reserve asset.
“What once seemed speculative now looks like strategic foresight,” noted one analyst.
“Strategy’s success may push more corporations to rethink their treasury models in the digital age.”
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.