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    Strategy’s Bitcoin Approaches Rivaling the Reserves of Tech Giants

    Ethan CarterBy No Comments3 Mins Read
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    Strategy’s nearly $80 billion Bitcoin treasury is quickly approaching the substantial cash reserves of tech giants like Microsoft, which saw its shareholders decline a proposal in December to consider adding Bitcoin to its balance sheet.

    On Tuesday, Strategy posted on X that its stash of 640,031 Bitcoin (BTC) temporarily surged past $80 billion on Monday, as Bitcoin reached an all-time high of $126,080, elevating its corporate treasury near the levels of Amazon, Google, and Microsoft, each of which holds between $97 billion and $95 billion in cash or cash equivalents.

    Strategy’s consistent Bitcoin purchases, alongside the rise in Bitcoin’s value, have already propelled its treasury beyond the valuations of Nvidia, Apple, and Meta — the latter of which had previously considered a proposal to explore Bitcoin as a treasury asset but overwhelmingly voted against it in June.

    Berkshire Hathaway possesses the largest cash reserve of any company at approximately $344 billion, while Tesla is the only other entity on the list of the top 10 largest corporate treasuries that holds Bitcoin — though its 11,509 BTC, valued at about $1.4 billion, constitutes only a minor portion of its $37 billion assets.

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    Source: Strategy

    Bitcoin is the “debasement trade,” analysts say

    JPMorgan analysts stated last week that Bitcoin and gold represent a “debasement trade,” contending that these assets may act as hedges against US dollar inflation and the escalating national debt, now nearing $38 trillion.

    BlackRock CEO Larry Fink, who once criticized Bitcoin, indicated in January that Bitcoin could escalate to $700,000 due to currency debasement concerns.

    Both Microsoft and Meta’s proposals regarding Bitcoin were put forth by Ethan Peck, deputy director of the conservative think tank National Center for Public Policy Research (NCPPR), who asserted that Bitcoin could safeguard their profits against currency debasement.

    “With cash continuously being debased and bond yields falling below actual inflation rates, 28% of Meta’s total assets are consistently reducing shareholder value,” Peck asserted in support of Meta’s position.