Bitcoin Loans

The corporation with the largest Bitcoin holdings in the United States is MicroStrategy, a Virginia-based business intelligence and software firm that has transformed itself into the flagship corporate proxy for Bitcoin on Wall Street. Once known primarily for its enterprise analytics platforms, the company has spent the past several years methodically converting its balance sheet into what its executives call a “Bitcoin-powered treasury,” amassing hundreds of thousands of coins and turning a relatively staid software company into one of the most closely watched players in global crypto markets. That pivot has electrified both traditional investors and digital-asset believers, who now track MicroStrategy’s moves almost as obsessively as Bitcoin’s own price chart.

Founded in 1989, MicroStrategy spent decades building a reputation as a serious, if somewhat under-the-radar, enterprise software vendor serving Fortune 500 clients with analytics and business intelligence tools. Its evolution from niche software specialist to Bitcoin juggernaut began in 2020, when the company’s leadership publicly declared that holding large cash reserves in an era of low interest rates and rising inflation risk no longer made strategic sense. That decision set the stage for one of the most aggressive treasury overhauls in corporate history, with MicroStrategy steadily redirecting capital—first surplus cash, then debt and equity proceeds—into Bitcoin.

The scale of the bet is what has captured global attention. As of mid-2025, MicroStrategy held roughly 629,000 Bitcoin, a stash worth more than 70 billion dollars at prevailing prices and representing well over 0.8 percent of the total supply that will ever exist. No other publicly traded company in the United States comes close: even massive miners and high-profile tech names like Marathon Digital, Tesla, and others trail far behind, making MicroStrategy the undisputed heavyweight of corporate Bitcoin treasuries. This hoard has turned the company’s stock into a high-octane Bitcoin proxy, surging and swooning in tandem with every major move in the crypto market.

Central to this story is MicroStrategy’s executive chairman, Michael Saylor, whose outspoken advocacy has made him one of Bitcoin’s most visible evangelists in corporate America. Saylor has described Bitcoin as “digital property” and even suggested the firm was effectively buying more than 1,000 dollars’ worth of Bitcoin every second during certain accumulation phases, underscoring the relentless pace of its purchases. His thesis—that a scarce, programmable monetary network offers better long-term protection than cash or bonds—has inspired a wave of imitators and critics alike, turning boardrooms into battlegrounds over whether treasuries should remain conservative or embrace digital assets.

MicroStrategy’s strategy has not been without drama, which is precisely why markets follow it so closely. During sharp Bitcoin drawdowns, skeptics have warned that the firm’s leveraged exposure could backfire, dragging earnings and its share price into dangerous territory, while supporters counter that every downturn simply offers another chance to accumulate more coins at a discount. Yet through multiple boom-and-bust cycles, the company has doubled down instead of backing away, helping normalize the idea that a U.S. corporation can treat Bitcoin not as a fringe speculation, but as a core, long-horizon treasury asset—and cementing MicroStrategy’s place as the most Bitcoin-heavy corporation in the United States.

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