Strategy's Bitcoin holdings briefly topped $80 billion Monday as $BTC hit a record high of $126,080, approaching cash positions held by Amazon, Google and Microsoft.
The company posted on X Tuesday that its 640,031 Bitcoin stash reached a value close to the tech giants' cash reserves, which range between $95 billion and $97 billion in cash or equivalents.
Strategy's consistent Bitcoin purchases combined with the cryptocurrency's price appreciation have pushed its treasury past the value held by Nvidia, Apple and Meta. Meta overwhelmingly voted against a proposal to explore making Bitcoin a TreasuryAsset in June.
Berkshire Hathaway maintains the largest corporate cash position at approximately $344 billion. Tesla remains the only other company holding Bitcoin among the top 10 largest corporate treasuries, though its 11,509 $BTC, worth about $1.4 billion, represents just a fraction of its $37 billion total holdings.
JPMorgan analysts described Bitcoin and gold as a “debasement trade” last week, arguing the assets serve as hedges against U.S. dollar inflation and America’s national debt approaching $38 trillion.
BlackRock CEO Larry Fink, formerly a Bitcoin critic, stated in January that Bitcoin could reach $700,000 on currency debasement concerns.
Microsoft rejected a Bitcoin treasury proposal when $BTC traded at $97,170, while Meta turned down the same pitch at $104,800. Both companies missed double‑digit gains as their cash positions continued to erode from inflation.
The proposals came from National Center for Public Policy Research deputy director Ethan Peck, who argued Bitcoin would better protect profits from CurrencyDebasement. Peck recommended that Microsoft allocate 1 % to 5 % of its cash position to Bitcoin.
Bitcoin's volatility influenced Microsoft shareholders to vote against the proposal. Peck, who also serves as Bitcoin director at wealth management firm Strive, noted that 28 % of Meta's total assets consistently diminish shareholder value due to cash debasement.
Over 200 public companies now hold Bitcoin, up from fewer than 100 at the start of the year. Strategy purchased its Bitcoin at an average price of $73,981, marking a 65 % gain worth $30.4 billion on its investment.