TLDR
- Strategy’s treasury reserves hit $71 billion, securing 9th place among U.S. corporate treasuries, surpassing NVIDIA.
- Strategy holds 601,550 BTC, valued at over $70 billion, with unrealized gains of nearly $30 billion.
- Strategy’s Bitcoin reserves outpace all U.S. corporate treasuries except Berkshire Hathaway, Apple, and Amazon.
- Strategy’s shift to Bitcoin in 2020 has made its stock, MSTR, the best-performing major asset since the move.
In a surprising turn, Michael Saylor’s Strategy has overtaken NVIDIA, landing itself in the 9th position among the largest U.S. corporate treasuries. This rise is largely attributed to the company’s significant Bitcoin holdings, now valued at over $70 billion. As Bitcoin continues to gain momentum, Strategy’s unconventional reserve strategy has propelled it into the top ranks of U.S. corporate treasury giants.
Strategy Boasts The 9th Largest U.S. Corporate Treasury
Strategy now ranks 9th among S&P 500 companies in terms of corporate treasury size, surpassing NVIDIA, the world’s most valuable company. With a treasury reserve of $71 billion, the company outpaces giants like Ford, Meta, and General Motors, relying heavily on Bitcoin as its primary reserve asset.
This puts it in a unique position, as it is the only top-ten company holding Bitcoin instead of just cash and equivalents.
The company’s ascent is largely due to the recent Bitcoin price rally, which saw the cryptocurrency reach a new all-time high of $123,000. Strategy’s treasury expanded to 601,550 BTC, purchased for $42.87 billion at an average price of $71,268 per BTC.
Our treasury ranks 9th vs S&P 500 companies. pic.twitter.com/nSVKHATnEV
— Strategy (@Strategy) July 19, 2025
This surge in Bitcoin’s value has resulted in an unrealized profit of nearly $30 billion for the company.
Since adopting Bitcoin as its reserve asset in 2020, Strategy’s stock (MSTR) has also benefited significantly, making it one of the best-performing assets. The company’s bold treasury strategy continues to pay off amid Bitcoin’s volatility.
Saylor’s First Among Other Bitcoin Treasuries
Strategy is not only the public company with the largest Bitcoin holdings but also the third-largest Bitcoin holder globally, behind only Satoshi Nakamoto and BlackRock.
The Bitcoin creator holds 1.12 million BTC, while the world’s largest asset manager, BlackRock, holds 731,527 BTC. Strategy’s vast reserve of 601,550 BTC far surpasses its nearest competitor, Marathon Digital Holdings, which holds only 50,000 BTC.
The company’s decision to adopt Bitcoin as its reserve asset began in 2020, marking a significant shift from traditional treasury strategies. Since then, the company has benefited greatly from Bitcoin’s rising value, seeing substantial unrealized profits. This strategic move has helped strengthen Strategy’s financial position and attract investor interest.
By holding a large Bitcoin reserve, Strategy is setting a precedent for other companies considering digital assets as part of their treasury strategy. The company’s bold approach continues to establish it as a leader in the emerging trend of Bitcoin treasuries.
The Rise of Bitcoin as a Corporate Treasury Asset
The rise of Bitcoin as a reserve asset is reshaping corporate treasury management, challenging the traditional reliance on cash and equivalents. Bitcoin’s volatility and growth potential offer companies willing to take on risk a unique advantage.
Michael Saylor’s decision to pivot Strategy’s treasury into Bitcoin reflects a growing trend, with more companies seeing it as a hedge against inflation and fiat currency depreciation.
As more companies adopt similar strategies, Bitcoin’s role in corporate treasuries is likely to expand, bringing new opportunities and challenges.
Strategy’s success highlights the importance of risk management and timing in corporate finance, as the company capitalized on Bitcoin’s price fluctuations to strengthen its position among the largest U.S. corporate treasuries.
Strategy’s approach sets an example for other companies, demonstrating how adopting Bitcoin as a reserve asset can offer competitive advantages while diversifying financial strategies in an increasingly digital world.
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