With the support of the capital market, the scale of bitcoin held by MSTR is now approaching the cash holdings of Amazon, Google, and Microsoft.
The value of the 640,031 bitcoins held by MicroStrategy once exceeded $80 billion. This amount puts the scale of its corporate treasury close to the levels of Amazon, Google, and Microsoft, each of which holds approximately $95 billion to $97 billion in cash or cash equivalents.
The value of the 640,031 bitcoins held by MicroStrategy once surpassed $80 billions. This figure brings the scale of its corporate treasury close to that of Amazon, Google, and Microsoft, each of which holds approximately $95 billions to $97 billions in cash or cash equivalents.
Written by: Pan Lingfei
Source: Wallstreetcn
The enterprise software company MicroStrategy (MSTR) is being propelled into a whole new league by its massive bet on bitcoin, with the value of its bitcoin holdings approaching the cash reserves of tech giants like Amazon, Google, and Microsoft. This not only highlights the astonishing returns of the company’s aggressive strategy but also marks an unprecedented level of attention for bitcoin as a corporate treasury reserve asset.
According to information released by MicroStrategy on social platform X on Tuesday, as bitcoin hit a historic high of $126,080 on Monday, the value of the company’s 640,031 bitcoins once surpassed $80 billions. This figure brings the scale of its corporate treasury close to that of Amazon, Google, and Microsoft, each of which holds approximately $95 billions to $97 billions in cash or cash equivalents.
This milestone comes at a time when corporate acceptance of bitcoin is experiencing explosive growth in 2025. The number of publicly listed companies including bitcoin on their balance sheets has risen from fewer than 100 at the beginning of the year to over 200. MicroStrategy’s success stands in stark contrast to the previous hesitation of companies like Microsoft and Meta, which missed out on considerable book gains by rejecting proposals to adopt bitcoin as a reserve asset.
Against the backdrop of US dollar inflation and massive national debt, the narrative of bitcoin as a potential hedging tool is gaining more mainstream recognition. From JPMorgan analysts to the CEO of BlackRock, heavyweight voices in the financial sector are increasingly viewing bitcoin as a “depreciation trade” option to counter fiat currency devaluation, signaling that a profound transformation in corporate financial management strategies may be underway.
The Value of MSTR’s Bitcoin Holdings Surpasses Apple and Nvidia’s Cash
Through continuous bitcoin purchases, MicroStrategy’s corporate treasury value has surpassed the cash positions of companies like Nvidia, Apple, and Meta. According to data, the company acquired all 640,031 bitcoins at an average cost of $73,981, currently boasting a book return of 65% and unrealized gains of approximately $30.4 billions.
Although MicroStrategy’s bitcoin reserves are impressive, they still fall short compared to the world’s corporate cash king, Berkshire Hathaway, which holds about $344 billions in cash reserves. Among the top ten companies by corporate treasury size, Tesla is another company holding bitcoin, but its 11,509 bitcoins (worth about $1.4 billions) account for only a small portion of its total $37 billions in reserves.
Hedging Fiat Devaluation: Bitcoin Becomes the New Favorite “Depreciation Trade”
The growing corporate interest in bitcoin is driven by deeper motivations to hedge macroeconomic risks. JPMorgan analysts pointed out last week that, with US national debt approaching $38 trillions, bitcoin, like gold, is a “depreciation trade” that can serve as a tool to hedge against US dollar inflation.
This view has been echoed by BlackRock CEO Larry Fink. Once a bitcoin critic, Fink stated in January this year that, out of concerns about currency devaluation, bitcoin’s price could reach $700,000. Ethan Peck, deputy director of the conservative think tank National Center for Public Policy Research (NCPPR), expressed a similar view when submitting proposals to Microsoft and Meta, arguing that bitcoin could better protect corporate profits from currency devaluation. Peck pointed out: “With cash continuously depreciating and bond yields below the real inflation rate, 28% of Meta’s total assets are persistently eroding shareholder value.”
Tech Giants’ Hesitation and Missed Gains
Despite the increasingly compelling case for bitcoin as a reserve asset, some tech giants remain cautious and have thus missed out on recent market gains. Shareholders of both Microsoft and Meta voted down the bitcoin allocation proposals put forward by NCPPR.
Reportedly, when Microsoft rejected the proposal, bitcoin was trading at $97,170; when Meta rejected it, the price was $104,800. This means both companies missed out on the double-digit gains that followed bitcoin’s price surge, while the value of their cash positions continues to be eroded by inflation. Bitcoin’s price volatility was a major concern influencing Microsoft shareholders’ opposition to the proposal. It is also reported that NCPPR made a similar suggestion to Amazon’s board in December last year, but there has been no significant progress so far.
Corporate Adoption Surges: 2025 Becomes the Year of Bitcoin on Balance Sheets
Although some giants are still on the sidelines, 2025 has become a breakthrough year for corporate adoption of bitcoin. The number of publicly listed companies including bitcoin as part of their balance sheets has surged from fewer than 100 at the beginning of the year to over 200.
With bitcoin currently trading near the all-time high set on Monday, almost all publicly listed companies holding bitcoin are seeing profits on their investments. MicroStrategy’s success not only provides a model for these companies but also sends a strong signal to the entire capital market: in the current macro environment, the appeal of bitcoin as an alternative reserve asset is rising rapidly.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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