MicroStrategy’s Bitcoin Accumulation Plan Makes it One of the Wealthiest Corporations in terms of Financial Assets

MicroStrategy’s aggressive Bitcoin accumulation plan, which started in 2020 when the company invested in the original cryptocurrency as a hedge against inflation

Business intelligence firm MicroStrategy has become the largest corporate holder of Bitcoin after amassing nearly $26 billion in the world’s largest cryptocurrency.

According to data from BitcoinTreasurues, the Tysons Corner, Virginia-based firm now holds the biggest stash of BTC among corporations, followed by Marathon Digital and Riot Platforms, which have a combined $3.4 billion in BTC.

The new accolade comes as MicroStrategy, led by Bitcoin bull Michael Saylor, has been aggressively accumulating BTC since 2020 as part of a strategy to hedge against inflation and participate in the crypto asset’s rally without holding it directly on wallets or exchanges.

Notably, MicroStrategy’s $26 billion stash of Bitcoin is said to be larger than the combined cash and marketable securities holdings of several global market leaders, including Nike Inc., International Business Machines Corp., and Johnson & Johnson.

According to a recent report, Nike held $11.882 billion in cash and marketable securities as of March of this year, while IBM recently reported having $13.7 billion in cash, restricted cash, and marketable securities.

Meanwhile, Johnson & Johnson had $20 billion in cash and marketable securities, according to its latest Q3 report.

The report adds that only a handful of corporations, including Apple Inc. and Alphabet Inc., now hold more assets in their treasuries than MicroStrategy.

While MicroStrategy’s Bitcoin move has recently drawn skepticism from traditional finance observers, other investors have embraced it as a viable strategy for participating in the crypto asset’s rally without holding it directly on wallets or exchanges.

As MicroStrategy’s shares have risen by over 2,500% and the value of Bitcoin has gained by over 700% since 2020, it has emerged as the best-performing U.S. major stock over the timeframe.

Other companies seeking to emulate MicroStrategy’s Bitcoin success include Metaplanet, the 19th largest corporate holder of the original cryptocurrency with 1,018.17 BTC.