MicroStrategy’s Bitcoin holdings have now reached an estimated value of around $78 billion, placing the company’s treasury close to those of global tech leaders such as Amazon, Google, and Microsoft — each of which maintains between $95 billion and $97 billion in cash and equivalents.
Earlier this week, the firm announced on X (formerly Twitter) that its 640,031 BTC briefly exceeded $80 billion in value when Bitcoin surged to a new all-time high of $126,080. This milestone brings MicroStrategy’s Bitcoin-based treasury nearly on par with the cash reserves of some of the world’s biggest corporations.
MicroStrategy’s consistent accumulation of Bitcoin, paired with the cryptocurrency’s rising market price, has pushed its treasury value ahead of companies like Apple, Nvidia, and Meta. Notably, both Meta and Microsoft previously received shareholder proposals to consider holding Bitcoin as part of their reserves — but both companies declined the move earlier this year.
At the top of the global treasury list remains Berkshire Hathaway, which holds approximately $344 billion in cash. Tesla also makes the top ten, with 11,509 BTC worth about $1.4 billion, though this represents only a small fraction of its $37 billion in total reserves.
Analysts: Bitcoin Seen as a Hedge Against Currency Debasement
According to analysts from JPMorgan, both Bitcoin and gold are increasingly viewed as “debasement trades” — assets that can act as hedges against inflation and the weakening U.S. dollar amid growing national debt, now nearing $38 trillion.
Even BlackRock’s CEO Larry Fink, once skeptical of Bitcoin, recently suggested that concerns over currency devaluation could drive Bitcoin’s price to $700,000 in the future.
The proposals submitted to Microsoft and Meta encouraging Bitcoin adoption were spearheaded by Ethan Peck, deputy director at the National Center for Public Policy Research (NCPPR). Peck argued that holding cash was eroding shareholder value due to inflation, suggesting that Bitcoin could offer stronger long-term protection.
Tech Giants Passed on Bitcoin — and Missed Out
When Microsoft and Meta voted against integrating Bitcoin into their treasuries, Bitcoin’s price stood around $97,000 and $104,000, respectively. Since then, the cryptocurrency has seen double-digit percentage gains, meaning both firms missed out on significant potential profits.
Despite this, Bitcoin’s volatility remained a major concern for shareholders, who voted overwhelmingly against the proposals. Peck had recommended that companies allocate 1%–5% of their cash holdings to Bitcoin as a diversification strategy. A similar suggestion was made to Amazon late last year, but no decision has been announced.
Corporate Bitcoin Adoption on the Rise
Even though major tech companies have yet to embrace Bitcoin as a reserve asset, corporate adoption has grown rapidly in 2025. Over 200 publicly listed companies now hold Bitcoin — more than double the number from the beginning of the year.
MicroStrategy, the leading corporate Bitcoin holder, purchased its BTC at an average cost of $73,981 per coin, earning an unrealized gain of roughly $30.4 billion, or 65%, on its investment.
As Bitcoin continues to hover near record highs, most of these companies are now sitting on substantial profits, reinforcing Bitcoin’s growing role in corporate finance and treasury management.
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