Strategy’s Bitcoin Near to Rivaling Tech Giants’ Treasuries

The strategy’s nearly $80 billion Bitcoin treasury has overtaken large cash jobs at tech giants such as Microsoft, whose shareholders rejected a proposal to explore adding Bitcoin to its books in December.

The strategy, posted on X on Tuesday, saw Bitcoin hit a record high of $126,080 as its 640,031 Bitcoin (BTC) stash briefly topped $80 billion in value on Monday, increasing the value of corporate treasuries close to Amazon, Google and Microsoft, which each hold $97 billion and $95 billion in cash or cash.

The strategy’s everyday Bitcoin purchases, combined with Bitcoin’s rising value, is already driving the value of Nvidia, Apple, and Meta’s treasuries.

Berkshire Hathaway holds the largest cash pile of any company at about $34.4 billion, while Tesla is the only company that holds Bitcoin, making the list of the 10 largest corporate treasuries, with 11,509 BTC worth about $1.4 billion, but only a small portion of the car’s $3.7 billion holders will be in their accounts.

Bitcoin says ‘debasement’, analysts say

Analysts at JPMorgan said last week that Bitcoin and gold are a “declining trade,” arguing that with the assets spiraling out of control at nearly $38 trillion, they could serve as a hedge against U.S. dollar inflation and America’s national debt.

BlackRock CEO Larry Fink, a former Bitcoin critic, said in January that Bitcoin could reach $700,000 on fears of currency collapse.

Both Microsoft and Meta’s Bitcoin proposals were submitted by Ethan Peck, deputy director of the conservative think tank National Center for Public Policy Research (NCPPR), who said Bitcoin would be better off protecting its profits from currency collapse.

“With cash consistently declining and bond yields lower than the true rate of inflation, 28% of Meta’s total assets have consistently diminished shareholder value,” Peck said in a statement of support for Meta.