Strategy’s Bitcoin treasury is closing in on $80 billion, rivaling tech giants like Microsoft. With 640,031 BTC valued at $80 billion, Strategy is in the league of Amazon, Google, and Microsoft, which hold between $95 billion and $97 billion in cash. Bitcoin’s rise has boosted Strategy’s corporate treasury.

JPMorgan analysts label Bitcoin and gold as a “debasement trade” against US dollar inflation and national debt. BlackRock CEO predicts Bitcoin hitting $700,000 due to currency debasement fears. Microsoft and Meta rejected Bitcoin proposals by NCPPR, missing out on significant gains. Bitcoin seen as a hedge against currency debasement.

Microsoft and Meta missed out on significant Bitcoin gains after rejecting proposals when Bitcoin was trading at $97,170 and $104,800, respectively. Bitcoin’s volatility was a concern for Microsoft shareholders. NCPPR recommended allocating 1% to 5% of cash position to Bitcoin. Amazon also received a similar proposal last December.

Despite rejections from tech giants, over 200 public companies now hold Bitcoin, up from fewer than 100 at the start of the year. Strategy’s Bitcoin investment of 640,031 BTC at an average price of $73,981 has seen a 65% gain of $30.4 billion. Companies are reaping rewards from their Bitcoin investments as the market nears its all-time high.

Read more at Cointelegraph: Strategy’s Bitcoin Near to Rivaling Tech Giants’ Treasuries