Corporate Treasuries Raise $44B in Crypto, Holding $87B in Bitcoin with Controlled Leverage
Public companies have boosted their crypto holdings by raising over $44 billion across 12 firms to accumulate Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and XRP. According to BitcoinTreasuries.net, corporate treasuries now hold more than $87 billion in BTC—about 3.2 percent of total supply. Only one-third of the $44 billion is debt-financed, and nearly 90 percent of that debt is unsecured, limiting forced liquidations in a downturn. Leading names include MicroStrategy (592,100 BTC), Twenty One Capital (37,230 BTC), Tesla (11,509 BTC), Tokyo’s Metaplanet (10,000 BTC), Block (8,584 BTC), Next Technology Holding (5,833 BTC), GameStop (4,710 BTC), Semler Scientific (4,449 BTC), Nakamoto and Trump Media. Firms issue equity or debt to fund purchases, emulating Michael Saylor’s “infinite money glitch.” While this corporate hoarding has driven BTC toward record highs, risks remain around liquidity management and prolonged price downturns. Traders should monitor debt-funded buy programs and treasury expansions, which may amplify volatility and shape both short-term spikes and long-term trends.
Bullish
Corporate treasuries are deploying significant capital—both equity and controlled, largely unsecured debt—to accumulate Bitcoin and other digital assets. This institutional demand supports price momentum and reduces supply on exchanges, creating a bullish backdrop. While debt-financed purchases carry rollover risk, the predominance of unsecured debt and diversified funding sources mitigates forced selling. In the short term, traders may see spikes around new buy programs; long term, sustained treasury accumulation and growing corporate confidence in crypto signal upward pressure on BTC prices.